Public Employees Retirement System of Ohio Purchases 5,936 Shares of GMS Inc. (NYSE:GMS)

Public Employees Retirement System of Ohio raised its position in GMS Inc. (NYSE:GMS) by 16.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 42,901 shares of the company’s stock after acquiring an additional 5,936 shares during the period. Public Employees Retirement System of Ohio owned about 0.11% of GMS worth $3,886,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in shares of GMS by 86.4% in the second quarter. Blue Trust Inc. now owns 369 shares of the company’s stock valued at $30,000 after purchasing an additional 171 shares during the last quarter. Quarry LP increased its stake in GMS by 37.1% in the 2nd quarter. Quarry LP now owns 403 shares of the company’s stock valued at $32,000 after buying an additional 109 shares during the last quarter. GAMMA Investing LLC increased its stake in GMS by 138.8% in the 3rd quarter. GAMMA Investing LLC now owns 621 shares of the company’s stock valued at $56,000 after buying an additional 361 shares during the last quarter. KBC Group NV lifted its position in GMS by 31.9% during the 3rd quarter. KBC Group NV now owns 1,162 shares of the company’s stock worth $105,000 after buying an additional 281 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of GMS during the 2nd quarter worth about $121,000. Institutional investors and hedge funds own 95.28% of the company’s stock.

GMS Stock Performance

Shares of NYSE GMS opened at $91.00 on Monday. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $3.53 billion, a P/E ratio of 16.73 and a beta of 1.68. GMS Inc. has a 12 month low of $75.31 and a 12 month high of $105.54. The stock has a 50 day moving average of $96.08 and a 200-day moving average of $90.97.

GMS (NYSE:GMS) last released its quarterly earnings results on Thursday, December 5th. The company reported $2.02 earnings per share for the quarter, missing the consensus estimate of $2.26 by ($0.24). GMS had a return on equity of 20.67% and a net margin of 3.92%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the business posted $2.30 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, equities research analysts predict that GMS Inc. will post 7.41 EPS for the current year.

Insider Activity

In other GMS news, COO George T. Hendren sold 5,000 shares of GMS stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $102.13, for a total value of $510,650.00. Following the completion of the sale, the chief operating officer now owns 23,772 shares in the company, valued at $2,427,834.36. The trade was a 17.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on GMS. Robert W. Baird lowered their target price on GMS from $115.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, December 6th. Truist Financial boosted their price target on GMS from $90.00 to $97.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Barclays upped their price objective on GMS from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Royal Bank of Canada reissued a “sector perform” rating and issued a $86.00 target price (up from $78.00) on shares of GMS in a research note on Friday, December 6th. Finally, DA Davidson dropped their price target on shares of GMS from $97.00 to $94.00 and set a “neutral” rating on the stock in a research report on Friday, December 6th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $95.43.

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.