Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of GMS Inc. (NYSE:GMS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,067 shares of the company's stock, valued at approximately $371,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its stake in shares of GMS by 51.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,116 shares of the company's stock worth $598,000 after purchasing an additional 2,753 shares in the last quarter. Principal Financial Group Inc. lifted its stake in GMS by 1.7% in the 1st quarter. Principal Financial Group Inc. now owns 224,048 shares of the company's stock valued at $16,394,000 after buying an additional 3,799 shares in the last quarter. SG Americas Securities LLC acquired a new stake in GMS during the 1st quarter valued at $442,000. Yousif Capital Management LLC increased its position in GMS by 1.0% during the first quarter. Yousif Capital Management LLC now owns 15,143 shares of the company's stock worth $1,108,000 after buying an additional 147 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in GMS by 38.3% during the first quarter. GAMMA Investing LLC now owns 801 shares of the company's stock worth $59,000 after buying an additional 222 shares in the last quarter. Institutional investors and hedge funds own 95.28% of the company's stock.
Analysts Set New Price Targets
GMS has been the topic of a number of analyst reports. Royal Bank Of Canada increased their price objective on GMS from $95.20 to $110.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 1st. Baird R W cut shares of GMS from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 23rd. Stephens downgraded shares of GMS from a "strong-buy" rating to a "hold" rating and set a $95.00 price target for the company. in a report on Friday, June 27th. Raymond James Financial downgraded shares of GMS from an "outperform" rating to a "market perform" rating in a research note on Wednesday, June 25th. Finally, Barclays raised their target price on shares of GMS from $95.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Ten analysts have rated the stock with a hold rating, According to data from MarketBeat.com, GMS has a consensus rating of "Hold" and a consensus price target of $101.11.
View Our Latest Stock Analysis on GMS
Insider Buying and Selling at GMS
In other GMS news, major shareholder Coliseum Capital Management, L sold 179,133 shares of the company's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $110.05, for a total transaction of $19,713,586.65. Following the completion of the sale, the insider directly owned 3,646,018 shares in the company, valued at $401,244,280.90. This represents a 4.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO George T. Hendren sold 5,000 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $108.23, for a total value of $541,150.00. Following the completion of the transaction, the chief operating officer owned 23,950 shares in the company, valued at approximately $2,592,108.50. This trade represents a 17.27% decrease in their ownership of the stock. 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 ninety days. Corporate insiders own 1.90% of the company's stock.
GMS Price Performance
GMS opened at $109.63 on Monday. GMS Inc. has a 1 year low of $65.77 and a 1 year high of $110.28. The company's 50 day simple moving average is $95.96 and its 200 day simple moving average is $83.36. The stock has a market capitalization of $4.17 billion, a PE ratio of 37.93 and a beta of 1.76. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.17 and a current ratio of 1.91.
GMS (NYSE:GMS - Get Free Report) last posted its quarterly earnings results on Wednesday, June 18th. The company reported $1.29 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.18. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.30 billion. GMS had a net margin of 2.09% and a return on equity of 16.97%. GMS's revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.93 earnings per share. As a group, sell-side analysts expect that GMS Inc. will post 7.26 EPS for the current year.
About GMS
(
Free Report)
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.
Featured Articles
Want to see what other hedge funds are holding GMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GMS Inc. (NYSE:GMS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider GMS, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GMS wasn't on the list.
While GMS currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.