UniSuper Management Pty Ltd Buys Shares of 8,363 GMS Inc. (NYSE:GMS)

UniSuper Management Pty Ltd purchased a new position in GMS Inc. (NYSE:GMS) during the first quarter, Holdings Channel reports. The institutional investor purchased 8,363 shares of the company’s stock, valued at approximately $814,000.

A number of other institutional investors also recently modified their holdings of the company. O Shaughnessy Asset Management LLC lifted its holdings in GMS by 1.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 68,049 shares of the company’s stock valued at $6,624,000 after buying an additional 1,113 shares during the period. Covestor Ltd raised its position in shares of GMS by 103.3% in the 1st quarter. Covestor Ltd now owns 2,915 shares of the company’s stock worth $284,000 after acquiring an additional 1,481 shares in the last quarter. ProShare Advisors LLC lifted its stake in shares of GMS by 4.9% in the 1st quarter. ProShare Advisors LLC now owns 8,075 shares of the company’s stock valued at $786,000 after purchasing an additional 377 shares during the period. QRG Capital Management Inc. boosted its position in shares of GMS by 2.0% during the 1st quarter. QRG Capital Management Inc. now owns 8,070 shares of the company’s stock valued at $786,000 after purchasing an additional 160 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in GMS during the first quarter worth approximately $295,000. 95.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GMS. 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. Royal Bank of Canada dropped their target price on shares of GMS from $92.00 to $85.00 and set a “sector perform” rating on the stock in a research report on Friday, June 21st. Robert W. Baird cut their target price on shares of GMS from $112.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, June 21st. Barclays decreased their price target on shares of GMS from $93.00 to $81.00 and set an “equal weight” rating for the company in a research note on Friday, June 21st. Finally, Stephens reduced their target price on GMS from $112.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, July 1st. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, GMS has an average rating of “Moderate Buy” and a consensus price target of $90.38.

GMS Stock Up 2.0 %

Shares of NYSE GMS traded up $1.82 during mid-day trading on Thursday, reaching $91.69. 27,076 shares of the company’s stock traded hands, compared to its average volume of 377,271. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.17 and a quick ratio of 1.40. The business has a 50-day simple moving average of $88.17 and a 200 day simple moving average of $89.65. The stock has a market cap of $3.64 billion, a P/E ratio of 13.44 and a beta of 1.63. GMS Inc. has a 1-year low of $56.58 and a 1-year high of $101.04.

GMS (NYSE:GMS) last released 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). The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.41 billion. GMS had a net margin of 5.02% and a return on equity of 24.05%. GMS’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.11 EPS. On average, analysts expect that GMS Inc. will post 8.64 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Craig D. Apolinsky sold 7,900 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $963,804.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

About GMS

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.