Zurcher Kantonalbank Zurich Cantonalbank Buys 795 Shares of GMS Inc. (NYSE:GMS)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of GMS Inc. (NYSE:GMS) by 9.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 9,300 shares of the company’s stock after acquiring an additional 795 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in GMS were worth $767,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of GMS. Simplicity Solutions LLC bought a new position in shares of GMS during the third quarter worth about $534,000. Cambridge Investment Research Advisors Inc. boosted its position in GMS by 5.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 4,683 shares of the company’s stock worth $300,000 after acquiring an additional 232 shares during the last quarter. Raymond James & Associates grew its stake in shares of GMS by 23.8% during the 3rd quarter. Raymond James & Associates now owns 36,263 shares of the company’s stock worth $2,320,000 after acquiring an additional 6,964 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of GMS in the third quarter valued at approximately $234,000. Finally, Reinhart Partners LLC. raised its holdings in shares of GMS by 3.7% in the third quarter. Reinhart Partners LLC. now owns 426,363 shares of the company’s stock valued at $27,274,000 after purchasing an additional 15,126 shares during the last quarter. Institutional investors and hedge funds own 95.28% of the company’s stock.

GMS Trading Up 1.4 %

GMS stock opened at $94.15 on Tuesday. GMS Inc. has a one year low of $55.88 and a one year high of $101.04. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 13.19 and a beta of 1.73. The company has a fifty day moving average price of $93.44 and a two-hundred day moving average price of $80.86. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.40 and a quick ratio of 1.47.

GMS (NYSE:GMS) last announced its earnings results on Thursday, February 29th. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.01). The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. GMS had a return on equity of 25.65% and a net margin of 5.48%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.85 EPS. Equities analysts anticipate that GMS Inc. will post 8.36 EPS for the current year.

Insider Activity

In related news, CEO John C. Turner, Jr. sold 6,266 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $97.58, for a total value of $611,436.28. Following the completion of the sale, the chief executive officer now directly owns 48,074 shares in the company, valued at approximately $4,691,060.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO John C. Turner, Jr. sold 6,266 shares of GMS stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $97.58, for a total transaction of $611,436.28. Following the completion of the sale, the chief executive officer now owns 48,074 shares of the company’s stock, valued at $4,691,060.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO George T. Hendren sold 10,554 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $96.49, for a total transaction of $1,018,355.46. Following the completion of the transaction, the chief operating officer now owns 23,261 shares in the company, valued at $2,244,453.89. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,820 shares of company stock valued at $3,561,192. 1.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Robert W. Baird increased their price objective on shares of GMS from $92.00 to $105.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. StockNews.com raised GMS from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 24th. Stephens boosted their target price on shares of GMS from $87.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Truist Financial upped their price target on shares of GMS from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. Finally, Barclays lifted their price objective on shares of GMS from $75.00 to $93.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 5th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $89.63.

GMS Company Profile

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.