GMS Inc (GMS) Holdings Raised by Strs Ohio

Strs Ohio raised its position in GMS Inc (NYSE:GMS) by 48.8% in the 4th quarter, HoldingsChannel reports. The firm owned 23,800 shares of the company’s stock after buying an additional 7,800 shares during the period. Strs Ohio’s holdings in GMS were worth $895,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in GMS by 5.0% in the third quarter. JPMorgan Chase & Co. now owns 217,089 shares of the company’s stock valued at $7,688,000 after purchasing an additional 10,328 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in GMS by 18.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 162,625 shares of the company’s stock valued at $5,757,000 after purchasing an additional 25,309 shares in the last quarter. Koch Industries Inc. bought a new stake in GMS in the second quarter valued at approximately $324,000. IndexIQ Advisors LLC increased its stake in GMS by 83.3% in the third quarter. IndexIQ Advisors LLC now owns 24,737 shares of the company’s stock valued at $876,000 after purchasing an additional 11,239 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in GMS in the third quarter valued at approximately $755,000. 60.24% of the stock is owned by hedge funds and other institutional investors.

In other news, insider G Michael Callahan, Jr. sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $36.82, for a total value of $460,250.00. Following the completion of the transaction, the insider now owns 495,085 shares in the company, valued at $18,229,029.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J David Smith purchased 1,000 shares of GMS stock in a transaction dated Wednesday, December 13th. The stock was bought at an average price of $37.58 per share, with a total value of $37,580.00. Following the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at $75,160. The disclosure for this purchase can be found here. Insiders sold 5,234,115 shares of company stock valued at $198,991,609 in the last quarter. Corporate insiders own 5.90% of the company’s stock.

Several equities research analysts have commented on GMS shares. Barclays set a $43.00 target price on shares of GMS and gave the company a “buy” rating in a research note on Friday, December 8th. SunTrust Banks upped their target price on shares of GMS to $45.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Wells Fargo & Co began coverage on shares of GMS in a research note on Wednesday, October 18th. They issued a “market perform” rating and a $38.00 target price for the company. Zacks Investment Research upgraded shares of GMS from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Wednesday, November 1st. Finally, ValuEngine cut shares of GMS from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. GMS presently has an average rating of “Buy” and an average price target of $40.00.

GMS Inc (NYSE GMS) opened at $33.60 on Wednesday. The firm has a market cap of $1,341.30, a P/E ratio of 18.36, a PEG ratio of 2.32 and a beta of 1.42. GMS Inc has a 1-year low of $27.20 and a 1-year high of $39.98. The company has a quick ratio of 1.70, a current ratio of 2.62 and a debt-to-equity ratio of 1.06.

GMS (NYSE:GMS) last released its quarterly earnings results on Thursday, December 7th. The company reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). The company had revenue of $648.00 million during the quarter, compared to analyst estimates of $662.03 million. GMS had a net margin of 2.26% and a return on equity of 14.24%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 EPS. sell-side analysts expect that GMS Inc will post 2.01 EPS for the current fiscal year.

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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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