Zurcher Kantonalbank Zurich Cantonalbank Has $748,000 Position in GMS Inc. (NYSE:GMS)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of GMS Inc. (NYSE:GMS) by 10.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,277 shares of the company’s stock after buying an additional 908 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in GMS were worth $748,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of GMS. Westwood Holdings Group Inc. bought a new stake in shares of GMS during the first quarter worth $68,693,000. Van Lanschot Kempen Investment Management N.V. bought a new stake in GMS during the 2nd quarter worth about $24,601,000. LSV Asset Management raised its holdings in GMS by 174.7% during the 1st quarter. LSV Asset Management now owns 340,342 shares of the company’s stock worth $33,129,000 after purchasing an additional 216,442 shares during the last quarter. Interval Partners LP acquired a new position in GMS during the 1st quarter valued at about $8,761,000. Finally, Capital International Investors boosted its stake in shares of GMS by 15.0% in the 4th quarter. Capital International Investors now owns 611,792 shares of the company’s stock valued at $50,430,000 after purchasing an additional 79,792 shares during the last quarter. 95.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at GMS

In other GMS news, SVP Craig D. Apolinsky sold 7,900 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $90.32, for a total transaction of $713,528.00. Following the completion of the transaction, the senior vice president now owns 10,671 shares of the company’s stock, valued at approximately $963,804.72. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.90% of the company’s stock.

GMS Price Performance

NYSE GMS opened at $83.63 on Thursday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.40 and a current ratio of 2.31. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 12.43 and a beta of 1.67. The business has a 50 day simple moving average of $88.20 and a 200 day simple moving average of $91.01. GMS Inc. has a 52-week low of $56.58 and a 52-week high of $101.04.

GMS (NYSE:GMS) last issued its quarterly earnings data on Thursday, August 29th. The company reported $1.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.21). The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.48 billion. GMS had a return on equity of 22.02% and a net margin of 4.45%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.40 EPS. Analysts anticipate that GMS Inc. will post 8.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on GMS shares. Barclays dropped their price target on shares of GMS from $93.00 to $81.00 and set an “equal weight” rating for the company in a research note on Friday, June 21st. Truist Financial decreased their price objective on GMS from $95.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, August 30th. DA Davidson cut their target price on GMS from $105.00 to $97.00 and set a “buy” rating on the stock in a research note on Tuesday, June 25th. StockNews.com cut GMS from a “buy” rating to a “hold” rating in a report on Monday. Finally, Stephens lowered their price target on GMS from $112.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, July 1st. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $89.75.

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.