Neuburgh Advisers LLC Acquires Shares of 6,766 GMS Inc (NYSE:GMS)

Neuburgh Advisers LLC acquired a new stake in shares of GMS Inc (NYSE:GMS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,766 shares of the company’s stock, valued at approximately $149,000.

A number of other hedge funds also recently modified their holdings of GMS. Royce & Associates LP purchased a new stake in GMS during the first quarter valued at approximately $36,000. Public Employees Retirement System of Ohio raised its position 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 valued at $70,000 after purchasing an additional 463 shares during the period. Bank of Montreal Can raised its position in GMS by 419.9% during the second quarter. Bank of Montreal Can now owns 3,296 shares of the company’s stock valued at $73,000 after purchasing an additional 2,662 shares during the period. Riverhead Capital Management LLC purchased a new stake in GMS during the second quarter valued at approximately $77,000. Finally, NumerixS Investment Technologies Inc raised its position in GMS by 233.3% during the first quarter. NumerixS Investment Technologies Inc now owns 7,000 shares of the company’s stock valued at $106,000 after purchasing an additional 4,900 shares during the period. Institutional investors and hedge funds own 72.08% of the company’s stock.

NYSE:GMS traded down $0.04 during midday trading on Friday, hitting $27.74. The stock had a trading volume of 44,499 shares, compared to its average volume of 988,698. GMS Inc has a one year low of $13.61 and a one year high of $30.54. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 1.27 and a beta of 2.18. The stock has a 50-day moving average of $24.03 and a 200 day moving average of $19.86. 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 announced its quarterly earnings data on Thursday, August 29th. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. GMS had a return on equity of 18.99% and a net margin of 2.27%. The company had revenue of $847.20 million for the quarter, compared to analysts’ expectations of $837.65 million. During the same quarter in the prior year, the firm earned $0.82 earnings per share. GMS’s revenue was up 8.9% compared to the same quarter last year. On average, sell-side analysts anticipate that GMS Inc will post 3.1 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on GMS shares. SunTrust Banks upped their price objective on GMS from $23.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Zacks Investment Research upgraded GMS from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Thursday. Nomura restated a “neutral” rating and set a $20.00 price objective (down from $27.00) on shares of GMS in a research report on Thursday, May 16th. Raymond James set a $31.00 price objective on GMS and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, ValuEngine downgraded GMS from a “hold” rating to a “sell” rating in a report on Friday, September 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. GMS presently has an average rating of “Buy” and a consensus target price of $29.90.

In other GMS news, major shareholder Investors Fund V. Lp Aea sold 6,825,058 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $26.93, for a total transaction of $183,798,811.94. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO G Michael Callahan, Jr. sold 28,950 shares of the stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $22.61, for a total value of $654,559.50. Following the sale, the chief executive officer now directly owns 428,314 shares in the company, valued at approximately $9,684,179.54. The disclosure for this sale can be found here. 5.10% of the stock is owned by corporate insiders.

About GMS

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.

Read More: Understanding the Price to Earnings Ratio (PE)

Institutional Ownership by Quarter for GMS (NYSE:GMS)

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