GMS Inc. $GMS Stock Position Lifted by State of Wyoming

Key Points

• The State of Wyoming has increased its holdings in GMS Inc. by 53.2%, now owning 7,993 shares valued at approximately $585,000.
• A significant number of hedge funds have modified their positions in GMS, with 95.28% of the stock owned by institutional investors.
• GMS recently reported an earnings per share (EPS) of $1.76, slightly missing analyst projections, with revenue of $1.41 billion during the last quarter.

State of Wyoming increased its holdings in GMS Inc. (NYSE:GMS - Free Report) by 53.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 7,993 shares of the company's stock after buying an additional 2,777 shares during the period. State of Wyoming's holdings in GMS were worth $585,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eukles Asset Management acquired a new position in shares of GMS in the 1st quarter valued at about $33,000. Brooklyn Investment Group acquired a new position in shares of GMS in the 1st quarter valued at about $47,000. Versant Capital Management Inc boosted its holdings in shares of GMS by 170.5% in the 1st quarter. Versant Capital Management Inc now owns 706 shares of the company's stock valued at $52,000 after buying an additional 445 shares during the period. GAMMA Investing LLC boosted its holdings in shares of GMS by 38.3% in the 1st quarter. GAMMA Investing LLC now owns 801 shares of the company's stock valued at $59,000 after buying an additional 222 shares during the period. Finally, Summit Securities Group LLC acquired a new position in shares of GMS in the 1st quarter valued at about $228,000. 95.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO George T. Hendren sold 5,000 shares of the business's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $108.23, for a total value of $541,150.00. Following the sale, the chief operating officer directly owned 23,950 shares in the company, valued at $2,592,108.50. The trade was a 17.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Coliseum Capital Management, L sold 54,944 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $110.05, for a total transaction of $6,046,587.20. Following the sale, the insider owned 3,486,524 shares in the company, valued at $383,691,966.20. This represents a 1.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 343,627 shares of company stock worth $37,808,097 over the last quarter. Insiders own 1.90% of the company's stock.

GMS Price Performance

Shares of NYSE GMS traded up $0.03 during midday trading on Tuesday, reaching $109.96. The company's stock had a trading volume of 2,017,628 shares, compared to its average volume of 794,707. The company has a current ratio of 2.11, a quick ratio of 1.31 and a debt-to-equity ratio of 0.87. The company has a 50 day moving average price of $108.73 and a 200 day moving average price of $87.08. GMS Inc. has a one year low of $65.77 and a one year high of $110.28. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 42.29 and a beta of 1.76.

GMS (NYSE:GMS - Get Free Report) last released its earnings results on Thursday, September 4th. The company reported $1.76 EPS for the quarter, missing analysts' consensus estimates of $1.77 by ($0.01). GMS had a return on equity of 16.36% and a net margin of 1.86%.The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the firm earned $1.93 earnings per share. The firm's revenue for the quarter was down 2.4% compared to the same quarter last year. On average, equities research analysts expect that GMS Inc. will post 7.26 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GMS. Barclays boosted their target price on shares of GMS from $95.00 to $110.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. Loop Capital boosted their target price on shares of GMS from $95.00 to $110.00 and gave the company a "hold" rating in a research note on Tuesday, July 1st. Baird R W lowered shares of GMS from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 23rd. Stephens lowered shares of GMS from a "strong-buy" rating to a "hold" rating and set a $95.00 target price for the company. in a research note on Friday, June 27th. Finally, Royal Bank Of Canada boosted their target price on shares of GMS from $95.20 to $110.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 1st. Nine investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $101.11.

GMS 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.