Pitcairn Co. Grows Position in GMS Inc. (NYSE:GMS)

Pitcairn Co. boosted its stake in GMS Inc. (NYSE:GMS) by 2.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,614 shares of the company’s stock after buying an additional 160 shares during the period. Pitcairn Co.’s holdings in GMS were worth $644,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. LSV Asset Management raised its position in GMS by 174.7% in the first quarter. LSV Asset Management now owns 340,342 shares of the company’s stock valued at $33,129,000 after purchasing an additional 216,442 shares during the period. Capital International Investors raised its holdings 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 buying an additional 79,792 shares during the period. Federated Hermes Inc. raised its holdings in shares of GMS by 8.1% in the 4th quarter. Federated Hermes Inc. now owns 1,018,642 shares of the company’s stock valued at $83,967,000 after buying an additional 76,417 shares during the period. Victory Capital Management Inc. lifted its stake in GMS by 166.7% during the 4th quarter. Victory Capital Management Inc. now owns 73,348 shares of the company’s stock worth $6,046,000 after acquiring an additional 45,850 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in GMS by 98.7% during the 1st quarter. BNP Paribas Financial Markets now owns 53,373 shares of the company’s stock valued at $5,195,000 after acquiring an additional 26,518 shares during the period. Institutional investors and hedge funds own 95.28% of the company’s stock.

GMS Stock Up 2.3 %

GMS stock opened at $91.98 on Friday. The stock has a market cap of $3.65 billion, a PE ratio of 13.67 and a beta of 1.63. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.17 and a quick ratio of 1.40. The stock’s fifty day moving average is $88.14 and its two-hundred day moving average is $89.66. GMS Inc. has a 1-year low of $56.58 and a 1-year high of $101.04.

GMS (NYSE:GMS) last issued its earnings results on Thursday, June 20th. The company reported $1.93 earnings per share for the quarter, missing the consensus estimate of $2.04 by ($0.11). The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.41 billion. GMS had a return on equity of 24.05% and a net margin of 5.02%. GMS’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the business posted $2.11 EPS. On average, sell-side analysts expect that GMS Inc. will post 8.64 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Craig D. Apolinsky sold 7,900 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $90.32, for a total value of $713,528.00. Following the completion of the transaction, the senior vice president now owns 10,671 shares in the company, valued at approximately $963,804.72. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GMS has been the topic of several research reports. Barclays reduced their price target on shares of GMS from $93.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Friday, June 21st. StockNews.com lowered shares of GMS from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 26th. Robert W. Baird dropped their price target on shares of GMS from $112.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, June 21st. Stephens reduced their price objective on GMS from $112.00 to $95.00 and set an “overweight” rating on the stock in a research note on Monday, July 1st. Finally, Loop Capital lowered their target price on GMS from $100.00 to $85.00 and set a “hold” rating for the company in a research note on Friday, June 21st. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $90.38.

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.