Teacher Retirement System of Texas boosted its holdings in shares of GMS Inc. (NYSE:GMS – Get Rating) by 281.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,369 shares of the company's stock after buying an additional 17,974 shares during the period. Teacher Retirement System of Texas owned approximately 0.06% of GMS worth $975,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors raised its holdings in GMS by 10.0% during the second quarter. Captrust Financial Advisors now owns 2,554 shares of the company's stock worth $114,000 after buying an additional 232 shares during the last quarter. Littlejohn & Co. LLC raised its holdings in GMS by 0.3% during the second quarter. Littlejohn & Co. LLC now owns 811,717 shares of the company's stock worth $36,121,000 after buying an additional 2,489 shares during the last quarter. AE Wealth Management LLC acquired a new position in GMS during the third quarter worth $501,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in GMS during the second quarter worth $565,000. Finally, Coliseum Capital Management LLC raised its holdings in shares of GMS by 10.7% in the second quarter. Coliseum Capital Management LLC now owns 6,131,573 shares of the company's stock valued at $272,855,000 after purchasing an additional 594,001 shares during the last quarter. Institutional investors and hedge funds own 96.34% of the company's stock.
Get GMS alerts:Insider Activity at GMS
In related news, 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 owns 996 shares in the company, valued at $55,297.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CAO William Forrest Bell sold 2,376 shares of the business's stock in a transaction on Monday, December 12th. The shares were sold at an average price of $55.52, for a total transaction of $131,915.52. Following the sale, the chief accounting officer now owns 996 shares in the company, valued at approximately $55,297.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO George T. Hendren sold 4,463 shares of the business's stock in a transaction 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 sale, the chief operating officer now owns 23,437 shares in the company, valued at approximately $1,200,208.77. The disclosure for this sale can be found here. Insiders have sold a total of 13,089 shares of company stock worth $686,403 over the last quarter. Corporate insiders own 1.60% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the stock. StockNews.com upgraded shares of GMS from a "buy" rating to a "strong-buy" rating in a report on Monday, November 28th. Loop Capital downgraded shares of GMS from a "buy" rating to a "hold" rating and increased their target price 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. Royal Bank of Canada increased their target price on shares of GMS from $51.00 to $58.00 and gave the company a "sector perform" rating in a report on Friday, December 9th. 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 report on Tuesday, January 24th. Finally, Stephens increased their target price on shares of GMS from $60.00 to $65.00 and gave the company an "overweight" rating in a report on Monday, December 12th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, GMS currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.17.GMS Trading Up 1.1 %
GMS stock opened at $60.00 on Thursday. The company has a market capitalization of $2.50 billion, a PE ratio of 7.86 and a beta of 1.80. GMS Inc. has a one year low of $36.10 and a one year high of $60.37. The company's 50 day moving average price is $52.29 and its two-hundred day moving average price is $48.99. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.50 and a current ratio of 2.35.
GMS (NYSE:GMS – Get Rating) last issued its earnings results on Thursday, December 8th. The company reported $2.79 EPS for the quarter, topping the consensus estimate of $2.33 by $0.46. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.36 billion. GMS had a net margin of 6.32% and a return on equity of 35.76%. As a group, analysts predict that GMS Inc. will post 9 earnings per share for the current fiscal year.
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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