Janney Capital Management LLC purchased a new stake in GMS Inc (NYSE:GMS) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 20,000 shares of the company’s stock, valued at approximately $708,000.

Other institutional investors have also added to or reduced their stakes in the company. Great West Life Assurance Co. Can increased its holdings in shares of GMS by 213.7% in the third quarter. Great West Life Assurance Co. Can now owns 2,823 shares of the company’s stock valued at $100,000 after purchasing an additional 1,923 shares during the period. Legal & General Group Plc increased its holdings in shares of GMS by 403.2% in the second quarter. Legal & General Group Plc now owns 5,621 shares of the company’s stock valued at $160,000 after purchasing an additional 4,504 shares during the period. Macquarie Group Ltd. acquired a new position in shares of GMS in the third quarter valued at about $170,000. Metropolitan Life Insurance Co. NY increased its holdings in shares of GMS by 386.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 5,190 shares of the company’s stock valued at $182,000 after purchasing an additional 4,123 shares during the period. Finally, Victory Capital Management Inc. acquired a new position in shares of GMS in the third quarter valued at about $182,000. Institutional investors own 59.34% of the company’s stock.

A number of brokerages have recently weighed in on GMS. Barclays set a $43.00 price objective on GMS and gave the company a “buy” rating in a report on Friday. SunTrust Banks increased their price objective on GMS to $45.00 and gave the company a “buy” rating in a report on Monday. Royal Bank of Canada reissued a “buy” rating and issued a $46.00 price objective on shares of GMS in a report on Friday. Zacks Investment Research raised GMS from a “sell” rating to a “hold” rating in a report on Monday, December 4th. Finally, Wells Fargo & Company began coverage on GMS in a report on Wednesday, October 18th. They issued a “market perform” rating and a $38.00 price objective on the stock. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $39.63.

In related news, CEO G Michael Callahan, Jr. sold 12,500 shares of the firm’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $34.52, for a total transaction of $431,500.00. Following the sale, the chief executive officer now directly owns 528,418 shares of the company’s stock, valued at $18,240,989.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO H Douglas Goforth sold 61,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $37.27, for a total value of $2,273,470.00. Following the sale, the chief financial officer now directly owns 82,563 shares in the company, valued at $3,077,123.01. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 202,676 shares of company stock worth $7,488,934. 5.90% of the stock is owned by corporate insiders.

GMS Inc (GMS) traded up $0.40 during trading on Tuesday, reaching $38.97. The company had a trading volume of 292,900 shares, compared to its average volume of 365,914. The firm has a market capitalization of $1,582.56, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 2.75 and a beta of 3.20. GMS Inc has a 12-month low of $25.87 and a 12-month high of $39.98. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.70 and a current ratio of 2.62.

GMS (NYSE:GMS) last posted its earnings results on Thursday, December 7th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.03). The company had revenue of $648.00 million for the quarter, compared to analyst estimates of $662.03 million. GMS had a return on equity of 14.24% and a net margin of 2.26%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the business earned $0.49 earnings per share. sell-side analysts anticipate that GMS Inc will post 2.01 earnings per share for the current fiscal year.

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GMS Profile

GMS Inc is a distributor of wallboard and suspended ceilings systems, or ceilings. The Company provides a product offering of over 20,000 stock keeping units (SKUs) of wallboard, ceilings and complementary interior construction products for interior contractors. It offers steel framing and ancillary products for its customers.

Institutional Ownership by Quarter for GMS (NYSE:GMS)

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