GMS Inc. (NYSE:GMS) Shares Acquired by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. increased its holdings in GMS Inc. (NYSE:GMS) by 4.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 739,908 shares of the company’s stock after buying an additional 34,205 shares during the period. Westwood Holdings Group Inc.’s holdings in GMS were worth $59,644,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its holdings in shares of GMS by 98.7% in the first quarter. BNP Paribas Financial Markets now owns 53,373 shares of the company’s stock valued at $5,195,000 after purchasing an additional 26,518 shares in the last quarter. UniSuper Management Pty Ltd acquired a new stake in GMS during the 1st quarter valued at $814,000. Comerica Bank grew its holdings in GMS by 157.0% during the 1st quarter. Comerica Bank now owns 48,284 shares of the company’s stock valued at $4,700,000 after buying an additional 29,495 shares during the last quarter. Allianz Asset Management GmbH increased its position in GMS by 116.5% during the fourth quarter. Allianz Asset Management GmbH now owns 24,732 shares of the company’s stock worth $2,039,000 after buying an additional 13,306 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its holdings in shares of GMS by 56.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 51,981 shares of the company’s stock worth $5,060,000 after acquiring an additional 18,799 shares during the last quarter. 95.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on GMS shares. Loop Capital decreased their price objective on GMS from $100.00 to $85.00 and set a “hold” rating on the stock in a research note on Friday, June 21st. Stephens cut their price objective on shares of GMS from $112.00 to $95.00 and set an “overweight” rating for the company in a research report on Monday, July 1st. Barclays reduced their price objective on shares of GMS from $81.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Monday, September 9th. DA Davidson lowered their target price on shares of GMS from $105.00 to $97.00 and set a “buy” rating for the company in a research note on Tuesday, June 25th. Finally, StockNews.com lowered GMS from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, GMS currently has an average rating of “Hold” and an average target price of $89.63.

Insider Activity at GMS

In other GMS 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 transaction, the senior vice president now owns 10,671 shares in the company, valued at $963,804.72. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.90% of the stock is owned by insiders.

GMS Stock Down 2.0 %

Shares of NYSE:GMS opened at $90.20 on Friday. The stock has a 50-day simple moving average of $89.53 and a 200-day simple moving average of $90.73. The stock has a market capitalization of $3.58 billion, a P/E ratio of 13.40 and a beta of 1.68. GMS Inc. has a 1 year low of $56.58 and a 1 year high of $101.04. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.45 and a current ratio of 2.31.

GMS (NYSE:GMS) last released its quarterly earnings data on Thursday, August 29th. The company reported $1.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.21). The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.48 billion. GMS had a return on equity of 22.02% and a net margin of 4.45%. GMS’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.40 EPS. Equities analysts forecast that GMS Inc. will post 7.95 earnings per share for the current year.

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.