Intech Investment Management LLC Increases Position in GMS Inc. $GMS

Intech Investment Management LLC raised its position in GMS Inc. (NYSE:GMS) by 25.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,871 shares of the company’s stock after purchasing an additional 7,497 shares during the quarter. Intech Investment Management LLC owned 0.10% of GMS worth $2,698,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its position in GMS by 51.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 8,116 shares of the company’s stock valued at $598,000 after purchasing an additional 2,753 shares during the period. Principal Financial Group Inc. raised its position in GMS by 1.7% in the first quarter. Principal Financial Group Inc. now owns 224,048 shares of the company’s stock valued at $16,394,000 after purchasing an additional 3,799 shares during the period. SG Americas Securities LLC purchased a new stake in GMS in the first quarter valued at approximately $442,000. Yousif Capital Management LLC grew its stake in shares of GMS by 1.0% in the first quarter. Yousif Capital Management LLC now owns 15,143 shares of the company’s stock worth $1,108,000 after acquiring an additional 147 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of GMS by 38.3% in the first quarter. GAMMA Investing LLC now owns 801 shares of the company’s stock worth $59,000 after acquiring an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 95.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Royal Bank Of Canada boosted their price target on shares of GMS from $95.20 to $110.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 1st. Stephens downgraded shares of GMS from a “strong-buy” rating to a “hold” rating and set a $95.00 price target for the company. in a research note on Friday, June 27th. Loop Capital boosted their target price on shares of GMS from $95.00 to $110.00 and gave the stock a “hold” rating in a research note on Tuesday, July 1st. Robert W. Baird reiterated a “neutral” rating and set a $95.00 target price (up previously from $93.00) on shares of GMS in a research note on Monday, June 23rd. Finally, DA Davidson boosted their target price on shares of GMS from $95.20 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 1st. Nine analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $101.11.

Insider Transactions at GMS

In other news, major shareholder Coliseum Capital Management, L sold 54,944 shares of the company’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $110.05, for a total value of $6,046,587.20. Following the completion of the sale, the insider directly owned 3,486,524 shares of the company’s stock, valued at approximately $383,691,966.20. This represents a 1.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO George T. Hendren sold 5,000 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $108.23, for a total transaction of $541,150.00. Following the transaction, the chief operating officer directly owned 23,950 shares of the company’s stock, valued at $2,592,108.50. This represents a 17.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 343,627 shares of company stock valued at $37,808,097 over the last ninety days. Corporate insiders own 1.90% of the company’s stock.

GMS Price Performance

Shares of NYSE:GMS opened at $109.96 on Monday. The company has a 50-day simple moving average of $109.71 and a 200-day simple moving average of $88.93. GMS Inc. has a one year low of $65.77 and a one year high of $110.28. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.31 and a current ratio of 2.11. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 42.29 and a beta of 1.76.

GMS (NYSE:GMS) last announced its earnings results on Thursday, September 4th. The company reported $1.76 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.01). GMS had a net margin of 1.86% and a return on equity of 16.36%. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the company posted $1.93 earnings per share. GMS’s quarterly revenue was down 2.4% on a year-over-year basis. On average, analysts predict that GMS Inc. will post 7.26 EPS for the current year.

About GMS

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.