Reinhart Partners Inc. cut its holdings in shares of GMS Inc (NYSE:GMS) by 25.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 269,316 shares of the company’s stock after selling 93,226 shares during the period. Reinhart Partners Inc. owned about 0.65% of GMS worth $7,735,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of GMS by 65.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,265 shares of the company’s stock worth $65,000 after acquiring an additional 893 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in GMS by 17.1% during the second quarter. Public Employees Retirement System of Ohio now owns 3,174 shares of the company’s stock worth $70,000 after purchasing an additional 463 shares in the last quarter. Glen Harbor Capital Management LLC bought a new stake in GMS during the second quarter worth approximately $70,000. Bank of Montreal Can grew its position in GMS by 419.9% in the second quarter. Bank of Montreal Can now owns 3,296 shares of the company’s stock worth $73,000 after buying an additional 2,662 shares during the last quarter. Finally, Riverhead Capital Management LLC acquired a new position in GMS in the second quarter worth approximately $77,000. Institutional investors and hedge funds own 71.75% of the company’s stock.
GMS has been the topic of several recent research reports. Raymond James set a $31.00 price target on shares of GMS and gave the stock a “buy” rating in a research report on Friday, August 30th. Stephens set a $34.00 price objective on shares of GMS and gave the stock a “buy” rating in a research note on Friday, August 30th. Zacks Investment Research raised shares of GMS from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Thursday, October 31st. Royal Bank of Canada set a $30.00 price objective on shares of GMS and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, SunTrust Banks upped their price objective on shares of GMS from $23.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $30.20.
NYSE GMS traded up $0.24 during trading hours on Friday, hitting $30.60. The company’s stock had a trading volume of 236,403 shares, compared to its average volume of 596,833. The stock has a fifty day moving average of $29.20 and a 200 day moving average of $23.35. GMS Inc has a twelve month low of $13.61 and a twelve month high of $31.64. The firm has a market capitalization of $1.30 billion, a P/E ratio of 10.93, a PEG ratio of 1.43 and a beta of 2.17. The company has a quick ratio of 1.46, a current ratio of 2.29 and a debt-to-equity ratio of 1.80.
GMS (NYSE:GMS) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.05. The company had revenue of $847.20 million during the quarter, compared to the consensus estimate of $837.65 million. GMS had a net margin of 2.27% and a return on equity of 18.99%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.82 earnings per share. On average, analysts predict that GMS Inc will post 3.11 earnings per share for the current year.
In related news, major shareholder Investors Fund V. Lp Aea sold 6,825,058 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $26.93, for a total transaction of $183,798,811.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ronald R. Ross sold 30,474 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $27.97, for a total transaction of $852,357.78. Following the transaction, the director now owns 285,365 shares of the company’s stock, valued at approximately $7,981,659.05. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.
GMS Inc distributes wallboards, suspended ceilings systems, and related construction products in the United States and Canada. The company offers wallboard products; and 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.
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