Arizona State Retirement System Grows Stock Holdings in GMS Inc. (NYSE:GMS)

Arizona State Retirement System boosted its stake in GMS Inc. (NYSE:GMS – Get Rating) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,770 shares of the company’s stock after acquiring an additional 243 shares during the period. Arizona State Retirement System’s holdings in GMS were worth $536,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. SummerHaven Investment Management LLC lifted its position in GMS by 1.4% in the fourth quarter. SummerHaven Investment Management LLC now owns 16,890 shares of the company’s stock valued at $841,000 after acquiring an additional 227 shares during the last quarter. Captrust Financial Advisors lifted its position in GMS by 10.7% in the second quarter. Captrust Financial Advisors now owns 2,571 shares of the company’s stock valued at $114,000 after acquiring an additional 249 shares during the last quarter. Point72 Hong Kong Ltd lifted its position in GMS by 41.1% in the second 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. Royal Bank of Canada lifted its position in GMS by 32.5% in the third quarter. Royal Bank of Canada now owns 1,153 shares of the company’s stock valued at $46,000 after acquiring an additional 283 shares during the last quarter. Finally, Credit Suisse AG lifted its position in GMS by 0.6% in the third quarter. Credit Suisse AG now owns 53,183 shares of the company’s stock valued at $2,129,000 after acquiring an additional 330 shares during the last quarter. 96.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at GMS

In other GMS news, CEO John C. Turner, Jr. sold 876 shares of the stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $59.50, for a total value of $52,122.00. Following the completion of the transaction, the chief executive officer now directly owns 68,240 shares of the company’s stock, valued at $4,060,280. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO John C. Turner, Jr. sold 876 shares of the stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $59.50, for a total value of $52,122.00. Following the sale, the chief executive officer now directly owns 68,240 shares in the company, valued at $4,060,280. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO George T. Hendren sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $60.00, for a total transaction of $48,000.00. Following the sale, the chief operating officer now owns 23,437 shares in the company, valued at approximately $1,406,220. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,018 shares of company stock valued at $784,983. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GMS shares. StockNews.com cut shares of GMS from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 11th. Robert W. Baird lifted their price objective 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. Finally, Barclays lifted their price objective on shares of GMS from $60.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, March 6th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $62.00.

GMS Trading Up 2.2 %

NYSE GMS opened at $64.76 on Friday. The stock has a market capitalization of $2.68 billion, a P/E ratio of 8.35 and a beta of 1.84. GMS Inc. has a 52-week low of $36.10 and a 52-week high of $65.11. The firm has a 50-day moving average price of $56.44 and a 200 day moving average price of $54.65. The company has a quick ratio of 1.58, a current ratio of 2.53 and a debt-to-equity ratio of 0.95.

GMS (NYSE:GMS – Get Rating) last issued its earnings results on Thursday, March 2nd. The company reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.01). GMS had a net margin of 6.28% and a return on equity of 34.16%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the business posted $1.74 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. Equities research analysts expect that GMS Inc. will post 8.99 EPS for the current year.

About GMS

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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.