Yousif Capital Management LLC lessened its position in shares of GMS Inc. (NYSE:GMS – Get Rating) by 2.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,336 shares of the company's stock after selling 931 shares during the quarter. Yousif Capital Management LLC owned about 0.08% of GMS worth $1,374,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in GMS. Point72 Hong Kong Ltd boosted its position in shares of GMS by 41.1% during the 2nd quarter. Point72 Hong Kong Ltd now owns 958 shares of the company's stock valued at $43,000 after acquiring an additional 279 shares during the last quarter. Captrust Financial Advisors lifted its position in GMS by 98.1% during the first quarter. Captrust Financial Advisors now owns 2,322 shares of the company's stock valued at $116,000 after purchasing an additional 1,150 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new position in GMS during the third quarter valued at $109,000. KBC Group NV bought a new stake in shares of GMS in the 2nd quarter worth about $165,000. Finally, Delphia USA Inc. bought a new stake in shares of GMS in the 1st quarter worth about $220,000. Institutional investors own 96.34% of the company's stock.
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GMS Stock Performance
Shares of GMS stock opened at $61.04 on Friday. The company has a quick ratio of 1.50, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The stock's fifty day moving average is $52.78 and its two-hundred day moving average is $49.18. GMS Inc. has a 52 week low of $36.10 and a 52 week high of $61.76. The company has a market capitalization of $2.54 billion, a PE ratio of 8.00 and a beta of 1.88.
GMS (NYSE:GMS – Get Rating) last posted 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 for the quarter, compared to analysts' expectations of $1.36 billion. As a group, analysts expect that GMS Inc. will post 9 earnings per share for the current year.
Insiders Place Their Bets
In other news, COO George T. Hendren sold 4,463 shares of GMS stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $51.21, for a total transaction of $228,550.23. Following the completion of the sale, the chief operating officer now owns 23,437 shares of the company's stock, valued at $1,200,208.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other GMS news, COO George T. Hendren sold 4,463 shares of the firm's stock in a transaction on Friday, November 11th. The stock was sold at an average price of $51.21, for a total transaction of $228,550.23. Following the transaction, the chief operating officer now directly owns 23,437 shares in the company, valued at approximately $1,200,208.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO William Forrest Bell sold 2,376 shares of GMS stock in a transaction on Monday, December 12th. The shares were sold at an average price of $55.52, for a total value of $131,915.52. Following 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. Insiders have sold 13,089 shares of company stock worth $686,403 in the last three months. Corporate insiders own 1.60% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on GMS. Loop Capital downgraded shares of GMS from a "buy" rating to a "hold" rating and increased their price target for the company from $52.00 to $60.00 in a report on Friday, December 9th. They noted that the move was a valuation call. StockNews.com raised GMS from a "buy" rating to a "strong-buy" rating in a research report on Monday, November 28th. Stephens raised their price target on GMS from $60.00 to $65.00 and gave the stock an "overweight" rating in a research report on Monday, December 12th. 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, Robert W. Baird increased their target price on shares of GMS from $67.00 to $68.00 and gave the company an "outperform" rating in a research note on Tuesday, January 24th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $61.17.
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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