SG Americas Securities LLC increased its position in shares of GMS Inc. (NYSE:GMS – Get Rating) by 31.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,371 shares of the company's stock after purchasing an additional 1,989 shares during the period. SG Americas Securities LLC's holdings in GMS were worth $335,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Captrust Financial Advisors increased its holdings in GMS by 10.0% in the 2nd quarter. Captrust Financial Advisors now owns 2,554 shares of the company's stock valued at $114,000 after acquiring an additional 232 shares during the last quarter. Littlejohn & Co. LLC increased its holdings in GMS by 0.3% in the 2nd quarter. Littlejohn & Co. LLC now owns 811,717 shares of the company's stock valued at $36,121,000 after acquiring an additional 2,489 shares during the last quarter. AE Wealth Management LLC bought a new stake in GMS in the 3rd quarter valued at $501,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in GMS in the 2nd quarter valued at $565,000. Finally, Coliseum Capital Management LLC increased its holdings in GMS by 10.7% in the 2nd quarter. Coliseum Capital Management LLC now owns 6,131,573 shares of the company's stock valued at $272,855,000 after acquiring an additional 594,001 shares during the last quarter. 96.34% of the stock is currently owned by institutional investors.
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Analyst Upgrades and Downgrades
A number of analysts have issued reports on the stock. Robert W. Baird lifted their price target on shares of GMS from $67.00 to $68.00 and gave the company an "outperform" rating in a report on Tuesday, January 24th. Stephens lifted their price objective on shares of GMS from $60.00 to $65.00 and gave the stock an "overweight" rating in a research note on Monday, December 12th. Loop Capital cut shares of GMS from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $52.00 to $60.00 in a research note on Friday, December 9th. They noted that the move was a valuation call. Royal Bank of Canada lifted their price objective on shares of GMS from $51.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Friday, December 9th. Finally, StockNews.com raised shares of GMS from a "buy" rating to a "strong-buy" rating in a research note on Monday, November 28th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, GMS currently has an average rating of "Moderate Buy" and a consensus target price of $61.17.
GMS Price Performance
GMS stock opened at $56.96 on Friday. GMS Inc. has a 12 month low of $36.10 and a 12 month high of $58.72. The company has a current ratio of 2.35, a quick ratio of 1.50 and a debt-to-equity ratio of 0.99. The company has a 50-day moving average price of $51.73 and a 200 day moving average price of $48.73. The stock has a market cap of $2.37 billion, a PE ratio of 7.47 and a beta of 1.80.
GMS (NYSE:GMS – Get Rating) last released its quarterly earnings results on Thursday, December 8th. The company reported $2.79 EPS for the quarter, topping analysts' consensus estimates of $2.33 by $0.46. GMS had a net margin of 6.32% and a return on equity of 35.76%. The firm had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.36 billion. Equities research analysts anticipate that GMS Inc. will post 9 earnings per share for the current year.
Insider Buying and Selling
In related news, Director John J. Gavin sold 6,250 shares of GMS stock in a transaction dated Friday, December 16th. The shares were sold at an average price of $52.15, for a total transaction of $325,937.50. Following the completion of the transaction, the director now directly owns 26,229 shares of the company's stock, valued at approximately $1,367,842.35. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other GMS news, Director John J. Gavin sold 6,250 shares of the business's stock in a transaction dated Friday, December 16th. The shares were sold at an average price of $52.15, for a total value of $325,937.50. Following the completion of the sale, the director now directly owns 26,229 shares of the company's stock, valued at approximately $1,367,842.35. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO William Forrest Bell sold 2,376 shares of the business's stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $55.52, for a total transaction of $131,915.52. Following the completion of the sale, the chief accounting officer now directly owns 996 shares of the company's stock, valued at $55,297.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,089 shares of company stock valued at $686,403. Company insiders own 1.60% of the company's stock.
GMS Company Profile
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GMS, Inc is a holding company, which engages in the distribution of wallboard and suspended ceilings systems and complementary interior construction products. It operates through the following segments: Geographic Divisions, Other, and Corporate. The firm offers ceiling 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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