Capital Fund Management S.A. lowered its holdings in shares of GMS Inc (NYSE:GMS) by 8.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,600 shares of the company’s stock after selling 4,700 shares during the quarter. Capital Fund Management S.A. owned 0.13% of GMS worth $1,452,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in GMS. SG Americas Securities LLC lifted its holdings in shares of GMS by 67.8% in the 1st quarter. SG Americas Securities LLC now owns 5,745 shares of the company’s stock worth $176,000 after acquiring an additional 2,322 shares during the last quarter. Raymond James & Associates bought a new stake in shares of GMS in the 2nd quarter worth about $216,000. Xact Kapitalforvaltning AB bought a new stake in shares of GMS in the 1st quarter worth about $233,000. Victory Capital Management Inc. lifted its holdings in shares of GMS by 54.2% in the 1st quarter. Victory Capital Management Inc. now owns 8,688 shares of the company’s stock worth $266,000 after acquiring an additional 3,055 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of GMS by 79.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 9,764 shares of the company’s stock worth $298,000 after acquiring an additional 4,313 shares during the last quarter. Hedge funds and other institutional investors own 75.72% of the company’s stock.
GMS traded down $0.05 on Friday, reaching $21.31. 683,279 shares of the company traded hands, compared to its average volume of 415,956. GMS Inc has a one year low of $20.76 and a one year high of $39.98. The firm has a market capitalization of $954.42 million, a price-to-earnings ratio of 10.60, a PEG ratio of 1.01 and a beta of 1.26. The company has a debt-to-equity ratio of 2.05, a current ratio of 3.08 and a quick ratio of 1.93.
GMS (NYSE:GMS) last posted its earnings results on Thursday, August 30th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.09. The business had revenue of $778.10 million for the quarter, compared to the consensus estimate of $768.61 million. GMS had a net margin of 2.13% and a return on equity of 15.18%. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS. On average, equities analysts anticipate that GMS Inc will post 3.28 earnings per share for the current fiscal year.
In other GMS news, insider Lynn Ross bought 2,061 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were acquired at an average price of $24.26 per share, with a total value of $49,999.86. Following the transaction, the insider now owns 2,061 shares of the company’s stock, valued at approximately $49,999.86. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Richard Alan Adams bought 3,000 shares of the business’s stock in a transaction on Wednesday, September 5th. The shares were acquired at an average cost of $24.14 per share, for a total transaction of $72,420.00. Following the transaction, the vice president now directly owns 175,000 shares in the company, valued at approximately $4,224,500. The disclosure for this purchase can be found here. Insiders have acquired a total of 9,211 shares of company stock worth $222,559 in the last three months. Insiders own 4.90% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. ValuEngine lowered shares of GMS from a “sell” rating to a “strong sell” rating in a report on Thursday. Barclays assumed coverage on shares of GMS in a report on Friday, June 29th. They issued an “overweight” rating and a $30.00 target price for the company. Royal Bank of Canada set a $36.00 price objective on shares of GMS and gave the company a “buy” rating in a report on Friday, June 29th. TheStreet lowered shares of GMS from a “b-” rating to a “c” rating in a report on Thursday, June 28th. Finally, Zacks Investment Research upgraded shares of GMS from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective for the company in a report on Wednesday, July 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $36.55.
GMS Inc distributes wallboards, suspended ceilings systems, and related construction products in the United States and Canada. The company offers wallboard products; and 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.
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