Swiss National Bank boosted its holdings in shares of GMS Inc. (NYSE:GMS) by 27.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,100 shares of the company’s stock after acquiring an additional 10,000 shares during the period. Swiss National Bank owned about 0.11% of GMS worth $1,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of GMS. American International Group Inc. grew its holdings in GMS by 7.0% during the 1st quarter. American International Group Inc. now owns 4,377 shares of the company’s stock worth $153,000 after acquiring an additional 288 shares in the last quarter. Legal & General Group Plc grew its holdings in GMS by 403.2% during the 2nd quarter. Legal & General Group Plc now owns 5,621 shares of the company’s stock worth $160,000 after acquiring an additional 4,504 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its holdings in GMS by 386.4% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 5,190 shares of the company’s stock worth $182,000 after acquiring an additional 4,123 shares in the last quarter. IndexIQ Advisors LLC bought a new position in GMS during the 2nd quarter worth about $379,000. Finally, Sei Investments Co. grew its holdings in GMS by 7.1% during the 2nd quarter. Sei Investments Co. now owns 15,073 shares of the company’s stock worth $424,000 after acquiring an additional 1,005 shares in the last quarter. Institutional investors own 55.51% of the company’s stock.
Shares of GMS Inc. (GMS) opened at 34.92 on Friday. The firm has a market capitalization of $1.43 billion, a PE ratio of 26.74 and a beta of 3.40. GMS Inc. has a 1-year low of $20.51 and a 1-year high of $36.08. The company has a 50-day moving average of $34.76 and a 200-day moving average of $34.76.
GMS (NYSE:GMS) last released its earnings results on Wednesday, September 6th. The company reported $0.47 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.47. GMS had a net margin of 2.28% and a return on equity of 14.13%. The firm had revenue of $642.20 million for the quarter, compared to analyst estimates of $645.19 million. During the same period in the prior year, the firm earned $0.46 earnings per share. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. Equities research analysts predict that GMS Inc. will post $2.01 EPS for the current fiscal year.
In related news, CEO G Michael Callahan, Jr. sold 12,500 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $34.73, for a total value of $434,125.00. Following the completion of the transaction, the chief executive officer now directly owns 528,418 shares of the company’s stock, valued at $18,351,957.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lynn Ross sold 1,894 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $34.77, for a total value of $65,854.38. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by corporate insiders.
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Several research analysts have issued reports on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $39.00 target price on shares of GMS in a report on Tuesday. Robert W. Baird reiterated a “buy” rating and set a $37.00 target price on shares of GMS in a report on Monday. Northcoast Research upgraded shares of GMS from a “neutral” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Monday, July 3rd. Zacks Investment Research upgraded shares of GMS from a “sell” rating to a “hold” rating in a report on Monday, September 4th. Finally, Stephens dropped their target price on shares of GMS from $40.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday, July 3rd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. GMS currently has a consensus rating of “Buy” and an average target price of $36.60.
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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