Parametrica Management Ltd acquired a new position in GMS Inc. (NYSE:GMS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 15,480 shares of the company’s stock, valued at approximately $548,000.
Other hedge funds have also bought and sold shares of the company. Renaissance Technologies LLC bought a new position in shares of GMS in the 1st quarter worth about $7,656,000. Canada Pension Plan Investment Board bought a new position in shares of GMS in the 2nd quarter worth about $1,967,000. Bank of America Corp DE raised its position in shares of GMS by 0.3% in the 1st quarter. Bank of America Corp DE now owns 161,291 shares of the company’s stock worth $5,651,000 after acquiring an additional 489 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of GMS by 49.4% in the 1st quarter. Bank of New York Mellon Corp now owns 45,055 shares of the company’s stock worth $1,578,000 after acquiring an additional 14,893 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of GMS by 415.8% in the 1st quarter. JPMorgan Chase & Co. now owns 44,811 shares of the company’s stock worth $1,570,000 after acquiring an additional 36,124 shares in the last quarter. 56.11% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on the company. Wells Fargo & Company assumed coverage on GMS in a research report on Wednesday, October 18th. They issued a “market perform” rating and a $38.00 price objective for the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $39.00 target price on shares of GMS in a research report on Tuesday, October 10th. Robert W. Baird reaffirmed a “buy” rating and issued a $37.00 target price on shares of GMS in a research report on Monday, October 9th. Northcoast Research raised GMS from a “neutral” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Monday, July 3rd. Finally, Zacks Investment Research raised GMS from a “sell” rating to a “hold” rating in a research report on Monday, September 4th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. GMS has a consensus rating of “Buy” and a consensus target price of $36.83.
Shares of GMS Inc. (NYSE GMS) traded up 1.55% during mid-day trading on Tuesday, reaching $34.06. The company had a trading volume of 110,168 shares. The firm has a 50-day moving average of $34.61 and a 200-day moving average of $34.61. The company has a market capitalization of $1.40 billion, a P/E ratio of 26.08 and a beta of 3.39. GMS Inc. has a 12-month low of $20.51 and a 12-month high of $36.99.
GMS (NYSE:GMS) last issued its quarterly earnings data on Wednesday, September 6th. The company reported $0.47 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. GMS had a net margin of 2.28% and a return on equity of 14.13%. The business had revenue of $642.20 million during the quarter, compared to analyst estimates of $645.19 million. During the same period last year, the business posted $0.46 earnings per share. GMS’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, equities analysts anticipate that GMS Inc. will post $2.01 earnings per share for the current fiscal year.
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In other GMS news, CEO G Michael Callahan, Jr. sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $34.52, for a total transaction of $431,500.00. Following the completion of the transaction, the chief executive officer now owns 528,418 shares of the company’s stock, valued at $18,240,989.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lynn Ross sold 1,894 shares of the firm’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 transaction of $65,854.38. The disclosure for this sale can be found here. Insiders sold 26,894 shares of company stock valued at $931,479 over the last 90 days. 5.90% of the stock is currently owned by company insiders.
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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