Voloridge Investment Management LLC Invests $2.64 Million in GMS Inc. (NYSE:GMS)

Voloridge Investment Management LLC purchased a new position in GMS Inc. (NYSE:GMS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,158 shares of the company's stock, valued at approximately $2,643,000. Voloridge Investment Management LLC owned approximately 0.08% of GMS at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GMS. AlphaQuest LLC lifted its stake in GMS by 1,710.5% in the 4th quarter. AlphaQuest LLC now owns 344 shares of the company's stock worth $29,000 after purchasing an additional 325 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of GMS in the fourth quarter worth $34,000. Blue Trust Inc. increased its holdings in shares of GMS by 71.3% in the fourth quarter. Blue Trust Inc. now owns 685 shares of the company's stock worth $62,000 after purchasing an additional 285 shares during the period. Smartleaf Asset Management LLC raised its position in shares of GMS by 246.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company's stock worth $84,000 after buying an additional 705 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in GMS during the fourth quarter valued at $193,000. 95.28% of the stock is currently owned by institutional investors.

GMS Price Performance

Shares of GMS stock traded down $1.02 during trading on Friday, hitting $75.70. 363,881 shares of the stock traded hands, compared to its average volume of 417,375. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 13.92 and a beta of 1.66. The firm's fifty day moving average is $73.43 and its 200-day moving average is $81.56. GMS Inc. has a 52 week low of $65.77 and a 52 week high of $105.54.

GMS (NYSE:GMS - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.47). The firm had revenue of $1.26 billion for 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%. Research analysts expect that GMS Inc. will post 7.26 EPS for the current fiscal year.

Insider Activity

In related news, 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 transaction of $916,340.04. Following the transaction, the director now directly owns 31,507 shares in the company, valued at $2,314,504.22. This trade represents a 28.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John C. Turner, Jr. purchased 3,650 shares of GMS stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average price of $70.00 per share, for a total transaction of $255,500.00. Following the completion of the transaction, the chief executive officer now owns 66,928 shares in the company, valued at $4,684,960. The trade was a 5.77% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.90% of the company's stock.

Analysts Set New Price Targets

GMS has been the topic of a number of research analyst reports. Loop Capital decreased their target price on GMS from $93.00 to $80.00 and set a "hold" rating on the stock in a research note on Monday, March 10th. Barclays lowered their price target on GMS from $80.00 to $71.00 and set an "equal weight" rating on the stock in a report on Monday, March 10th. DA Davidson lowered their price target on GMS from $94.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. UBS Group set a $80.00 price target on GMS in a report on Friday, March 7th. Finally, Royal Bank of Canada lowered their price target on GMS from $82.00 to $65.00 and set a "sector perform" rating on the stock in a report 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, GMS presently has an average rating of "Hold" and an average 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.