GMS Inc. (NYSE:GMS) Shares Purchased by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp raised its stake in shares of GMS Inc. (NYSE:GMS) by 4.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,437 shares of the company’s stock after purchasing an additional 1,589 shares during the period. Texas Permanent School Fund Corp owned 0.09% of GMS worth $2,937,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of GMS. Westwood Holdings Group Inc. acquired a new position in GMS during the first quarter worth approximately $68,693,000. LSV Asset Management increased its position in GMS by 103.0% during the second quarter. LSV Asset Management now owns 690,820 shares of the company’s stock worth $55,687,000 after purchasing an additional 350,478 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. acquired a new position in GMS during the second quarter worth approximately $24,601,000. Interval Partners LP acquired a new stake in shares of GMS in the first quarter worth $8,761,000. Finally, Capital International Investors increased its position in shares of GMS by 15.0% in the fourth quarter. Capital International Investors now owns 611,792 shares of the company’s stock worth $50,430,000 after acquiring an additional 79,792 shares in the last quarter. Institutional investors and hedge funds own 95.28% of the company’s stock.

GMS Price Performance

GMS opened at $86.22 on Monday. The company has a fifty day simple moving average of $88.73 and a 200 day simple moving average of $90.72. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 12.81 and a beta of 1.67. GMS Inc. has a twelve month low of $56.58 and a twelve month high of $101.04. The company has a current ratio of 2.31, a quick ratio of 1.45 and a debt-to-equity ratio of 0.90.

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

Insider Buying and Selling at GMS

In other GMS news, SVP Craig D. Apolinsky sold 7,900 shares of the stock in a transaction on 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 in the company, valued at approximately $963,804.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on GMS shares. Royal Bank of Canada dropped their price objective on shares of GMS from $92.00 to $85.00 and set a “sector perform” rating for the company in a research report on Friday, June 21st. DA Davidson dropped their price objective on shares of GMS from $105.00 to $97.00 and set a “buy” rating for the company in a research report on Tuesday, June 25th. Stephens dropped 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. StockNews.com lowered shares of GMS from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Finally, Truist Financial dropped their price objective on shares of GMS from $95.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $89.63.

GMS Company 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.