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

Westwood Holdings Group Inc. raised its holdings in GMS Inc. (NYSE:GMS) by 4.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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. owned about 1.87% of GMS worth $59,644,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of GMS. Janney Montgomery Scott LLC lifted its stake in GMS by 248.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 24,756 shares of the company’s stock worth $2,041,000 after purchasing an additional 17,658 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of GMS in the 4th quarter valued at $295,000. US Bancorp DE boosted its holdings in shares of GMS by 2,157.9% in the 4th quarter. US Bancorp DE now owns 10,883 shares of the company’s stock valued at $897,000 after buying an additional 10,401 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of GMS by 3.0% in the 4th quarter. Hsbc Holdings PLC now owns 12,691 shares of the company’s stock valued at $1,053,000 after buying an additional 368 shares during the last quarter. Finally, TD Asset Management Inc raised its stake in GMS by 34.2% during the 4th quarter. TD Asset Management Inc now owns 40,000 shares of the company’s stock worth $3,297,000 after acquiring an additional 10,200 shares in the last quarter. 95.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. StockNews.com lowered GMS from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Royal Bank of Canada cut their price target on GMS from $92.00 to $85.00 and set a “sector perform” rating on the stock in a research report on Friday, June 21st. DA Davidson decreased their price objective on GMS from $105.00 to $97.00 and set a “buy” rating for the company in a report on Tuesday, June 25th. Barclays reduced their price target on shares of GMS from $81.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, September 9th. Finally, Loop Capital dropped their price objective on shares of GMS from $100.00 to $85.00 and set a “hold” rating on the stock in a research note on Friday, June 21st. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $89.63.

GMS Stock Performance

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

GMS (NYSE:GMS) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.21). GMS had a return on equity of 22.02% and a net margin of 4.45%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the firm earned $2.40 earnings per share. The company’s revenue was up 2.8% compared to the same quarter last year. On average, sell-side analysts predict that GMS Inc. will post 7.95 earnings per share for the current year.

Insider Activity

In related news, SVP Craig D. Apolinsky sold 7,900 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $963,804.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.90% of the company’s stock.

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.