Public Employees Retirement System of Ohio Acquires 37,846 Shares of GMS Inc. (NYSE:GMS)

Public Employees Retirement System of Ohio raised its holdings in GMS Inc. (NYSE:GMS) by 630.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 43,846 shares of the company’s stock after buying an additional 37,846 shares during the quarter. Public Employees Retirement System of Ohio owned 0.11% of GMS worth $4,268,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. bought a new position in shares of GMS during the 1st quarter worth about $68,693,000. LSV Asset Management grew its position in GMS by 174.7% during the first quarter. LSV Asset Management now owns 340,342 shares of the company’s stock worth $33,129,000 after buying an additional 216,442 shares in the last quarter. Capital International Investors increased its stake in GMS by 15.0% during the fourth quarter. Capital International Investors now owns 611,792 shares of the company’s stock valued at $50,430,000 after acquiring an additional 79,792 shares during the period. Federated Hermes Inc. raised its holdings in GMS by 8.1% in the 4th quarter. Federated Hermes Inc. now owns 1,018,642 shares of the company’s stock valued at $83,967,000 after acquiring an additional 76,417 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of GMS by 166.7% in the 4th quarter. Victory Capital Management Inc. now owns 73,348 shares of the company’s stock worth $6,046,000 after acquiring an additional 45,850 shares during the period. 95.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Robert W. Baird dropped their price objective on shares of GMS from $112.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, June 21st. Truist Financial cut their price target on shares of GMS from $105.00 to $95.00 and set a “hold” rating for the company in a research note on Friday, June 21st. DA Davidson decreased their price objective on GMS from $105.00 to $97.00 and set a “buy” rating on the stock in a report on Tuesday, June 25th. Stephens dropped their target price on GMS from $112.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, July 1st. Finally, Royal Bank of Canada decreased their price target on GMS from $92.00 to $85.00 and set a “sector perform” rating on the stock in a research note on Friday, June 21st. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, GMS has a consensus rating of “Moderate Buy” and a consensus price target of $90.38.

GMS Stock Up 1.5 %

NYSE GMS opened at $96.23 on Thursday. The stock has a market capitalization of $3.82 billion, a P/E ratio of 14.30 and a beta of 1.63. GMS Inc. has a 52 week low of $56.58 and a 52 week high of $101.04. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.40 and a current ratio of 2.17. The stock has a fifty day moving average of $88.13 and a 200-day moving average of $90.09.

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

Insider Activity at GMS

In other news, SVP Craig D. Apolinsky sold 7,900 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $90.32, for a total transaction of $713,528.00. Following the completion of the transaction, the senior vice president now directly owns 10,671 shares in the company, valued at approximately $963,804.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by corporate insiders.

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.