Voya Investment Management LLC purchased a new stake in GMS Inc. (NYSE:GMS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 10,375 shares of the company’s stock, valued at approximately $292,000.
Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of GMS by 71.6% during the 1st quarter. Vanguard Group Inc. now owns 1,973,231 shares of the company’s stock worth $69,142,000 after purchasing an additional 822,997 shares during the period. FMR LLC acquired a new stake in GMS during the 1st quarter worth approximately $20,972,000. Wells Fargo & Company MN raised its holdings in shares of GMS by 43.4% in the 2nd quarter. Wells Fargo & Company MN now owns 960,661 shares of the company’s stock valued at $26,994,000 after purchasing an additional 290,711 shares in the last quarter. RK Capital Management LLC acquired a new stake in shares of GMS in the 2nd quarter valued at $6,518,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of GMS in the 1st quarter valued at $7,656,000. 55.73% of the stock is owned by institutional investors and hedge funds.
Shares of GMS Inc. (NYSE:GMS) opened at $34.05 on Wednesday. The company has a market cap of $1,386.86, a PE ratio of 19.57, a P/E/G ratio of 2.40 and a beta of 3.14. GMS Inc. has a fifty-two week low of $24.21 and a fifty-two week high of $36.99. The company has a current ratio of 2.80, a quick ratio of 1.82 and a debt-to-equity ratio of 1.11.
GMS (NYSE:GMS) last released its quarterly earnings data on Wednesday, September 6th. The company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. The firm had revenue of $642.20 million for the quarter, compared to the consensus estimate of $645.19 million. GMS had a net margin of 2.28% and a return on equity of 14.13%. The firm’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 earnings per share. analysts forecast that GMS Inc. will post 2.01 EPS for the current year.
In other news, insider Lynn Ross sold 1,894 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $34.77, for a total value of $65,854.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO G Michael Callahan, Jr. sold 12,500 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $34.73, for a total transaction of $434,125.00. Following the completion of the transaction, the chief executive officer now directly owns 528,418 shares of the company’s stock, valued at approximately $18,351,957.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,894 shares of company stock worth $931,479. 5.90% of the stock is owned by insiders.
Several equities research analysts recently commented on GMS shares. Zacks Investment Research upgraded shares of GMS from a “sell” rating to a “hold” rating in a research note on Monday, September 4th. Royal Bank Of Canada raised their price objective on shares of GMS from $34.00 to $39.00 and gave the stock an “outperform” rating in a research report on Thursday, September 7th. Robert W. Baird reissued a “buy” rating and set a $37.00 price objective on shares of GMS in a research report on Monday, October 9th. SunTrust Banks, Inc. reissued a “buy” rating and set a $40.00 price objective on shares of GMS in a research report on Friday, November 10th. Finally, Wells Fargo & Company started coverage on shares of GMS in a research report on Wednesday, October 18th. They set a “market perform” rating and a $38.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $37.38.
GMS Company Profile
GMS Inc is a distributor of wallboard and suspended ceilings systems, or ceilings. The Company provides a product offering of over 20,000 stock keeping units (SKUs) of wallboard, ceilings and complementary interior construction products for interior contractors. It offers steel framing and ancillary products for its customers.
Want to see what other hedge funds are holding GMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GMS Inc. (NYSE:GMS).
Receive News & Ratings for GMS Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GMS Inc. and related companies with MarketBeat.com's FREE daily email newsletter.