32,398 Shares in GMS Inc. (NYSE:GMS) Acquired by Burney Co.

Burney Co. purchased a new position in shares of GMS Inc. (NYSE:GMS) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 32,398 shares of the company’s stock, valued at approximately $3,154,000. Burney Co. owned 0.08% of GMS as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Westwood Holdings Group Inc. bought a new position in GMS during the first quarter worth $68,693,000. LSV Asset Management boosted its stake in shares of GMS by 174.7% in the 1st quarter. LSV Asset Management now owns 340,342 shares of the company’s stock valued at $33,129,000 after purchasing an additional 216,442 shares in the last quarter. Interval Partners LP acquired a new position in GMS during the 1st quarter worth about $8,761,000. Capital International Investors lifted its position in GMS by 15.0% during the 4th quarter. Capital International Investors now owns 611,792 shares of the company’s stock worth $50,430,000 after buying an additional 79,792 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in GMS by 8.1% during the 4th quarter. Federated Hermes Inc. now owns 1,018,642 shares of the company’s stock worth $83,967,000 after buying an additional 76,417 shares in the last quarter. 95.28% of the stock is currently owned by institutional investors and hedge funds.

GMS Stock Performance

GMS traded down $3.78 during trading on Friday, hitting $88.85. 421,423 shares of the company traded hands, compared to its average volume of 360,372. The company has a quick ratio of 1.40, a current ratio of 2.17 and a debt-to-equity ratio of 0.84. The firm has a market cap of $3.52 billion, a P/E ratio of 13.21 and a beta of 1.62. GMS Inc. has a one year low of $56.58 and a one year high of $101.04. The stock’s fifty day moving average is $88.03 and its 200 day moving average is $90.21.

GMS (NYSE:GMS) last announced its quarterly earnings results on Thursday, June 20th. The company reported $1.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.11). GMS had a return on equity of 24.05% and a net margin of 5.02%. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the company posted $2.11 earnings per share. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. As a group, equities analysts predict that GMS Inc. will post 8.64 EPS for the current fiscal year.

Insider Buying and Selling at GMS

In other GMS news, SVP Craig D. Apolinsky sold 7,900 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $90.32, for a total transaction of $713,528.00. Following the transaction, the senior vice president now directly owns 10,671 shares in the company, valued at $963,804.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Stephens lowered their price target on GMS from $112.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, July 1st. Royal Bank of Canada reduced their price target on GMS from $92.00 to $85.00 and set a “sector perform” rating for the company in a research report on Friday, June 21st. Loop Capital cut their price objective on GMS from $100.00 to $85.00 and set a “hold” rating for the company in a report on Friday, June 21st. DA Davidson dropped their price target on GMS from $105.00 to $97.00 and set a “buy” rating on the stock in a research note on Tuesday, June 25th. Finally, Robert W. Baird dropped their target price on GMS from $112.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, June 21st. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, GMS presently has a consensus rating of “Moderate Buy” and an average price target of $90.38.

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.