Amalgamated Bank decreased its holdings in GMS Inc. (NYSE:GMS – Get Rating) by 4.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,308 shares of the company's stock after selling 979 shares during the period. Amalgamated Bank's holdings in GMS were worth $961,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. New York State Common Retirement Fund boosted its stake in shares of GMS by 37.6% in the 1st quarter. New York State Common Retirement Fund now owns 43,080 shares of the company's stock valued at $2,144,000 after purchasing an additional 11,780 shares in the last quarter. Summit Global Investments purchased a new stake in shares of GMS in the 1st quarter valued at $1,090,000. Swiss National Bank boosted its stake in shares of GMS by 7.7% in the 1st quarter. Swiss National Bank now owns 91,800 shares of the company's stock valued at $4,569,000 after purchasing an additional 6,600 shares in the last quarter. Reinhart Partners Inc. boosted its stake in shares of GMS by 4.4% in the 1st quarter. Reinhart Partners Inc. now owns 300,317 shares of the company's stock valued at $14,947,000 after purchasing an additional 12,651 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC purchased a new stake in shares of GMS in the 1st quarter valued at $1,001,000. Hedge funds and other institutional investors own 98.94% of the company's stock.
Get GMS alerts:GMS Stock Down 2.0 %
Shares of GMS stock opened at $39.90 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.30 and a quick ratio of 1.43. The company has a 50-day moving average of $48.44 and a 200 day moving average of $48.12. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 5.77 and a beta of 1.85. GMS Inc. has a 1 year low of $36.10 and a 1 year high of $61.79.
GMS (NYSE:GMS – Get Rating) last released its quarterly earnings data on Thursday, September 1st. The company reported $2.43 earnings per share for the quarter, beating analysts' consensus estimates of $2.25 by $0.18. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.35 billion. GMS had a net margin of 6.09% and a return on equity of 34.71%. GMS's revenue was up 30.5% compared to the same quarter last year. During the same period last year, the business earned $1.67 EPS. As a group, sell-side analysts anticipate that GMS Inc. will post 7.9 earnings per share for the current fiscal year.Analyst Upgrades and Downgrades
GMS has been the subject of a number of research reports. Raymond James reaffirmed an "outperform" rating and issued a $70.00 price objective (down previously from $72.00) on shares of GMS in a research note on Friday, June 24th. StockNews.com raised shares of GMS from a "buy" rating to a "strong-buy" rating in a research report on Monday, June 27th. Royal Bank of Canada cut shares of GMS from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from $73.00 to $46.00 in a research report on Wednesday, June 22nd. Robert W. Baird dropped their price target on shares of GMS from $68.00 to $55.00 and set an "outperform" rating for the company in a research report on Friday, June 24th. Finally, Truist Financial cut shares of GMS from a "buy" rating to a "hold" rating and dropped their price target for the company from $50.00 to $46.00 in a research report on Wednesday, September 7th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $56.67.
Insider Buying and Selling at GMS
In other GMS news, VP Craig D. Apolinsky sold 6,324 shares of the firm's stock in a transaction dated Tuesday, September 27th. The shares were sold at an average price of $39.07, for a total transaction of $247,078.68. Following the completion of the sale, the vice president now directly owns 9,870 shares in the company, valued at approximately $385,620.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.
GMS Company Profile
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GMS Inc distributes wallboard, ceilings, steel framing and complementary construction products in the United States and Canada. The company offers 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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