Reinhart Partners LLC. Grows Stake in GMS Inc. (NYSE:GMS)

Reinhart Partners LLC. increased its holdings in shares of GMS Inc. (NYSE:GMS - Free Report) by 17.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 636,235 shares of the company's stock after purchasing an additional 94,716 shares during the quarter. GMS makes up 1.7% of Reinhart Partners LLC.'s portfolio, making the stock its 27th biggest holding. Reinhart Partners LLC. owned approximately 1.66% of GMS worth $46,553,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GMS. Barclays PLC grew its position in shares of GMS by 374.0% during the third quarter. Barclays PLC now owns 70,580 shares of the company's stock worth $6,392,000 after purchasing an additional 55,690 shares in the last quarter. Blue Trust Inc. grew its position in shares of GMS by 71.3% during the fourth quarter. Blue Trust Inc. now owns 685 shares of the company's stock worth $62,000 after purchasing an additional 285 shares in the last quarter. Choreo LLC grew its position in shares of GMS by 12.1% during the fourth quarter. Choreo LLC now owns 2,668 shares of the company's stock worth $227,000 after purchasing an additional 288 shares in the last quarter. Meritage Portfolio Management grew its position in shares of GMS by 7.2% during the fourth quarter. Meritage Portfolio Management now owns 5,091 shares of the company's stock worth $432,000 after purchasing an additional 344 shares in the last quarter. Finally, Regents Gate Capital LLP purchased a new stake in shares of GMS during the fourth quarter worth about $401,000. Hedge funds and other institutional investors own 95.28% of the company's stock.

Insider Transactions at GMS

In other GMS news, CEO John C. Turner, Jr. purchased 3,650 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The stock was purchased at an average cost of $70.00 per share, with a total value of $255,500.00. Following the purchase, the chief executive officer now owns 66,928 shares of the company's stock, valued at approximately $4,684,960. The trade was a 5.77% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Theron I. Gilliam sold 12,474 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $73.46, for a total value of $916,340.04. Following the sale, the director now directly owns 31,507 shares of the company's stock, valued at $2,314,504.22. This represents a 28.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.90% of the company's stock.

GMS Price Performance

NYSE:GMS opened at $78.07 on Friday. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 14.35 and a beta of 1.66. GMS Inc. has a 1 year low of $65.77 and a 1 year high of $105.54. The business has a 50 day simple moving average of $73.67 and a 200-day simple moving average of $80.59. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44.

GMS (NYSE:GMS - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.47). The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.29 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. Equities analysts forecast that GMS Inc. will post 7.26 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GMS. Royal Bank of Canada dropped their price target on GMS from $82.00 to $65.00 and set a "sector perform" rating for the company in a research note on Friday, March 7th. UBS Group set a $80.00 price target on GMS in a research note on Friday, March 7th. Loop Capital dropped their price target on GMS from $93.00 to $80.00 and set a "hold" rating for the company in a research note on Monday, March 10th. Barclays dropped their price target on GMS from $80.00 to $71.00 and set an "equal weight" rating for the company in a research note on Monday, March 10th. Finally, Robert W. Baird dropped their price target on GMS from $110.00 to $93.00 and set an "outperform" rating for the company in a research note on Friday, March 7th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $80.50.

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.

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