Teacher Retirement System of Texas Lowers Stock Holdings in GMS Inc. (NYSE:GMS)

Teacher Retirement System of Texas reduced its position in shares of GMS Inc. (NYSE:GMS) by 76.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,085 shares of the company’s stock after selling 38,612 shares during the period. Teacher Retirement System of Texas’ holdings in GMS were worth $884,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. AlphaQuest LLC raised its stake in GMS by 1,710.5% in the fourth quarter. AlphaQuest LLC now owns 344 shares of the company’s stock valued at $29,000 after buying an additional 325 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in GMS in the fourth quarter valued at $34,000. Versant Capital Management Inc raised its stake in GMS by 170.5% in the first quarter. Versant Capital Management Inc now owns 706 shares of the company’s stock valued at $52,000 after buying an additional 445 shares in the last quarter. GAMMA Investing LLC raised its stake in GMS by 38.3% in the first quarter. GAMMA Investing LLC now owns 801 shares of the company’s stock valued at $59,000 after buying an additional 222 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in GMS in the fourth quarter valued at $193,000. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

GMS Stock Performance

NYSE GMS opened at $110.04 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.91 and a quick ratio of 1.17. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 38.07 and a beta of 1.71. The company’s fifty day moving average is $85.52 and its two-hundred day moving average is $80.54. GMS Inc. has a 52-week low of $65.77 and a 52-week high of $110.28.

GMS (NYSE:GMS) last issued its earnings results on Wednesday, June 18th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.18. GMS had a net margin of 2.09% and a return on equity of 16.97%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the business earned $1.93 EPS. The firm’s revenue was down 5.6% on a year-over-year basis. Equities research analysts forecast that GMS Inc. will post 7.26 EPS for the current year.

Insider Transactions at GMS

In other news, COO George T. Hendren sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $108.23, for a total value of $541,150.00. Following the completion of the transaction, the chief operating officer owned 23,950 shares in the company, valued at $2,592,108.50. This represents a 17.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

GMS has been the topic of several research reports. Loop Capital raised their price objective on GMS from $95.00 to $110.00 and gave the stock a “hold” rating in a report on Tuesday, July 1st. Raymond James Financial downgraded shares of GMS from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 25th. DA Davidson lifted their price objective on GMS from $95.20 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 1st. Barclays boosted their price target on GMS from $95.00 to $110.00 and gave the company an “equal weight” rating in a report on Tuesday, July 1st. Finally, Robert W. Baird restated a “neutral” rating and set a $95.00 price objective (up from $93.00) on shares of GMS in a report on Monday, June 23rd. Ten research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $101.11.

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.