BNP Paribas Financial Markets Has $1.85 Million Holdings in GMS Inc. (NYSE:GMS)

BNP Paribas Financial Markets decreased its position in shares of GMS Inc. (NYSE:GMS) by 40.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,438 shares of the company’s stock after selling 14,118 shares during the quarter. BNP Paribas Financial Markets owned about 0.05% of GMS worth $1,851,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of GMS. Blue Trust Inc. raised its holdings in GMS by 86.4% during the second quarter. Blue Trust Inc. now owns 369 shares of the company’s stock worth $30,000 after buying an additional 171 shares during the last quarter. Quarry LP lifted its position in GMS by 37.1% in the 2nd quarter. Quarry LP now owns 403 shares of the company’s stock valued at $32,000 after acquiring an additional 109 shares in the last quarter. GAMMA Investing LLC boosted its stake in GMS by 138.8% during the 3rd quarter. GAMMA Investing LLC now owns 621 shares of the company’s stock valued at $56,000 after purchasing an additional 361 shares during the last quarter. KBC Group NV boosted its position in shares of GMS by 31.9% during the third quarter. KBC Group NV now owns 1,162 shares of the company’s stock valued at $105,000 after buying an additional 281 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of GMS in the 2nd quarter worth $121,000. 95.28% of the stock is owned by institutional investors and hedge funds.

GMS Price Performance

Shares of NYSE:GMS opened at $97.05 on Friday. The firm has a market capitalization of $3.81 billion, a PE ratio of 17.84 and a beta of 1.68. The company has a quick ratio of 1.45, a current ratio of 2.31 and a debt-to-equity ratio of 0.90. The company has a 50-day moving average price of $95.68 and a two-hundred day moving average price of $90.99. GMS Inc. has a twelve month low of $68.13 and a twelve month high of $105.54.

GMS (NYSE:GMS) last released its quarterly earnings data on Thursday, December 5th. The company reported $2.02 EPS for the quarter, missing the consensus estimate of $2.26 by ($0.24). GMS had a return on equity of 22.02% and a net margin of 4.45%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the business posted $2.30 earnings per share. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. Equities analysts forecast that GMS Inc. will post 7.95 EPS for the current year.

Insider Activity

In related news, COO George T. Hendren sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $102.13, for a total transaction of $510,650.00. Following the sale, the chief operating officer now owns 23,772 shares of the company’s stock, valued at approximately $2,427,834.36. This represents a 17.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GMS has been the topic of several recent analyst reports. DA Davidson dropped their target price on shares of GMS from $97.00 to $94.00 and set a “neutral” rating on the stock in a research report on Friday. Royal Bank of Canada reissued a “sector perform” rating and issued a $86.00 price objective (up previously from $78.00) on shares of GMS in a research report on Friday. Loop Capital raised their target price on GMS from $85.00 to $93.00 and gave the company a “hold” rating in a research report on Monday, November 25th. Truist Financial cut their price target on shares of GMS from $95.00 to $90.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Finally, Barclays raised their price objective on shares of GMS from $80.00 to $93.00 and gave the stock an “equal weight” rating in a report on Friday. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $93.25.

GMS Company Profile

GMS Inc distributes wallboard, ceilings, steel framing and complementary construction products in the United States and Canada. The company offers ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings.