Assenagon Asset Management S.A. bought a new stake in shares of GMS Inc (NYSE:GMS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 416,994 shares of the company’s stock, valued at approximately $6,197,000. Assenagon Asset Management S.A. owned approximately 1.01% of GMS at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in GMS. Russell Investments Group Ltd. lifted its stake in GMS by 490.6% in the second quarter. Russell Investments Group Ltd. now owns 18,000 shares of the company’s stock valued at $488,000 after buying an additional 14,952 shares in the last quarter. BlackRock Inc. raised its holdings in shares of GMS by 13.7% in the second quarter. BlackRock Inc. now owns 2,176,031 shares of the company’s stock valued at $58,949,000 after purchasing an additional 262,423 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of GMS by 33.8% in the second quarter. Dimensional Fund Advisors LP now owns 891,608 shares of the company’s stock valued at $24,151,000 after purchasing an additional 225,233 shares during the last quarter. FMR LLC raised its holdings in shares of GMS by 1.0% in the second quarter. FMR LLC now owns 1,134,700 shares of the company’s stock valued at $30,739,000 after purchasing an additional 10,700 shares during the last quarter. Finally, Raymond James & Associates acquired a new stake in shares of GMS in the second quarter valued at approximately $216,000. 78.84% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently issued reports on GMS. Nomura set a $29.00 price objective on shares of GMS and gave the company a “buy” rating in a report on Monday, December 17th. Royal Bank of Canada set a $25.00 target price on shares of GMS and gave the stock a “buy” rating in a report on Thursday, December 6th. Northcoast Research upgraded shares of GMS to a “buy” rating and set a $34.00 target price on the stock in a report on Thursday, December 20th. Zacks Investment Research raised shares of GMS from a “sell” rating to a “hold” rating in a research report on Wednesday, February 6th. Finally, Stephens set a $22.00 target price on shares of GMS and gave the company a “buy” rating in a research report on Monday, December 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $28.09.
NYSE GMS traded up $0.37 during trading on Friday, hitting $20.20. 631,673 shares of the company’s stock were exchanged, compared to its average volume of 677,705. The company has a current ratio of 2.75, a quick ratio of 1.78 and a debt-to-equity ratio of 1.88. The company has a market cap of $831.88 million, a price-to-earnings ratio of 10.05, a PEG ratio of 0.92 and a beta of 2.40. GMS Inc has a fifty-two week low of $13.61 and a fifty-two week high of $34.25.
GMS (NYSE:GMS) last released its quarterly earnings data on Tuesday, December 4th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.06). GMS had a net margin of 2.23% and a return on equity of 17.36%. The firm had revenue of $833.80 million during the quarter, compared to analyst estimates of $830.54 million. During the same period in the prior year, the company earned $0.51 EPS. The business’s quarterly revenue was up 28.7% compared to the same quarter last year. On average, sell-side analysts predict that GMS Inc will post 3.08 earnings per share for the current year.
In other news, Director Ronald R. Ross acquired 100,000 shares of the stock in a transaction dated Friday, December 14th. The stock was bought at an average price of $15.66 per share, with a total value of $1,566,000.00. Following the completion of the purchase, the director now directly owns 200,790 shares of the company’s stock, valued at approximately $3,144,371.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.90% of the company’s stock.
GMS Company Profile
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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