Voya Investment Management LLC Invests $292,000 in GMS Inc. (GMS) Stock

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.

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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.

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Institutional Ownership by Quarter for GMS (NYSE:GMS)

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