Alpha Paradigm Partners LLC Buys Shares of 7,637 GMS Inc. (NYSE:GMS)

Alpha Paradigm Partners LLC bought a new stake in shares of GMS Inc. (NYSE:GMS – Get Rating) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 7,637 shares of the company’s stock, valued at approximately $306,000.

Other institutional investors have also added to or reduced their stakes in the company. Point72 Hong Kong Ltd boosted its stake in 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 purchasing an additional 279 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of GMS by 32.5% in the 3rd quarter. Royal Bank of Canada now owns 1,153 shares of the company’s stock worth $46,000 after buying an additional 283 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of GMS by 29.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,505 shares of the company’s stock worth $100,000 after buying an additional 569 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new position in shares of GMS in the 3rd quarter worth $109,000. Finally, Captrust Financial Advisors boosted its stake in shares of GMS by 10.0% in the 2nd 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. 96.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director John J. Gavin sold 9,816 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $60.52, for a total transaction of $594,064.32. Following the transaction, the director now owns 15,513 shares of the company’s stock, valued at $938,846.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO John C. Turner, Jr. sold 1,526 shares of the stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $59.50, for a total value of $90,797.00. Following the transaction, the chief executive officer now owns 63,110 shares of the company’s stock, valued at $3,755,045. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John J. Gavin sold 9,816 shares of the stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $60.52, for a total value of $594,064.32. Following the completion of the transaction, the director now directly owns 15,513 shares in the company, valued at approximately $938,846.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,468 shares of company stock valued at $1,062,921. 1.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

GMS has been the topic of a number of research reports. Royal Bank of Canada raised their price target on GMS from $51.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Friday, December 9th. Robert W. Baird raised their price target on GMS from $67.00 to $68.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 24th. Barclays lifted their target price on GMS from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Monday, March 6th. Stephens lifted their target price on GMS from $60.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, December 12th. Finally, StockNews.com upgraded GMS from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 28th. Four 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $62.00.

GMS Trading Up 0.9 %

Shares of NYSE GMS opened at $53.91 on Wednesday. The business’s 50 day moving average is $57.30 and its two-hundred day moving average is $50.57. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.53 and a quick ratio of 1.58. GMS Inc. has a 1-year low of $36.10 and a 1-year high of $62.19. The stock has a market capitalization of $2.23 billion, a P/E ratio of 6.95 and a beta of 1.85.

GMS (NYSE:GMS – Get Rating) last released its earnings results on Thursday, March 2nd. The company reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.01). The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. GMS had a net margin of 6.28% and a return on equity of 34.16%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.74 EPS. As a group, research analysts expect that GMS Inc. will post 8.92 EPS for the current year.

GMS 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.