Valmark Advisers Inc. acquired a new stake in GMS Inc (NYSE:GMS) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 246,489 shares of the company’s stock, valued at approximately $9,278,000.
Other large investors have also recently bought and sold shares of the company. Great West Life Assurance Co. Can lifted its position in shares of GMS by 213.7% during the third quarter. Great West Life Assurance Co. Can now owns 2,823 shares of the company’s stock worth $100,000 after purchasing an additional 1,923 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of GMS during the fourth quarter worth about $129,000. Macquarie Group Ltd. bought a new position in shares of GMS during the third quarter worth about $170,000. Victory Capital Management Inc. bought a new position in shares of GMS during the third quarter worth about $182,000. Finally, California Public Employees Retirement System bought a new position in shares of GMS during the third quarter worth about $234,000. 65.97% of the stock is owned by institutional investors.
In related news, CEO G Michael Callahan, Jr. sold 12,500 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $35.30, for a total transaction of $441,250.00. Following the sale, the chief executive officer now owns 528,418 shares in the company, valued at $18,653,155.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Investors Lp Aea sold 4,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $38.05, for a total transaction of $171,225,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,267,448 shares of company stock worth $200,063,931. 5.90% of the stock is owned by company insiders.
Several brokerages have recently commented on GMS. Zacks Investment Research cut shares of GMS from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Royal Bank of Canada reaffirmed a “buy” rating and set a $46.00 price target on shares of GMS in a research report on Friday, December 8th. Barclays set a $46.00 price target on shares of GMS and gave the stock a “buy” rating in a research report on Sunday, January 7th. ValuEngine lowered shares of GMS from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, SunTrust Banks reiterated a “buy” rating and set a $40.00 price objective on shares of GMS in a research note on Friday, November 10th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. GMS currently has a consensus rating of “Buy” and a consensus price target of $40.00.
Shares of GMS Inc (NYSE:GMS) opened at $31.67 on Monday. The firm has a market cap of $1,299.44, a PE ratio of 23.81, a P/E/G ratio of 2.28 and a beta of 1.42. GMS Inc has a 12 month low of $27.20 and a 12 month high of $39.98. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.70 and a current ratio of 2.62.
GMS (NYSE:GMS) last released its quarterly earnings data on Thursday, December 7th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.03). The business had revenue of $648.00 million for the quarter, compared to analyst estimates of $662.03 million. GMS had a return on equity of 14.24% and a net margin of 2.26%. GMS’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 EPS. analysts expect that GMS Inc will post 1.99 EPS for the current year.
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GMS Inc is a distributor of wallboard and suspended ceilings systems, or ceilings. The Company provides a product offering of over 20,000 stock keeping units (SKUs) of wallboard, ceilings and complementary interior construction products for interior contractors. It offers steel framing and ancillary products for its customers.
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