Quest Partners LLC Acquires Shares of 1,790 GMS Inc. (NYSE:GMS)

Quest Partners LLC bought a new position in shares of GMS Inc. (NYSE:GMS) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,790 shares of the company’s stock, valued at approximately $144,000.

A number of other large investors have also added to or reduced their stakes in GMS. Westwood Holdings Group Inc. bought a new position in shares of GMS in the first quarter worth $68,693,000. LSV Asset Management lifted its holdings in shares of GMS by 103.0% during the 2nd quarter. LSV Asset Management now owns 690,820 shares of the company’s stock worth $55,687,000 after acquiring an additional 350,478 shares during the period. Capital International Investors boosted its position in shares of GMS by 15.0% during the 4th 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. Reinhart Partners LLC. increased its stake in shares of GMS by 1.7% in the 2nd quarter. Reinhart Partners LLC. now owns 495,764 shares of the company’s stock valued at $39,964,000 after purchasing an additional 8,215 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. acquired a new position in GMS during the second quarter worth about $24,601,000. Institutional investors and hedge funds own 95.28% of the company’s stock.

Insider Buying and Selling

In other news, SVP Craig D. Apolinsky sold 7,900 shares of the firm’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 completion of the sale, the senior vice president now directly owns 10,671 shares of the company’s stock, valued at approximately $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 currently owned by corporate insiders.

GMS Price Performance

GMS opened at $89.19 on Tuesday. The firm’s fifty day moving average price is $88.92 and its two-hundred day moving average price is $90.72. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 13.25 and a beta of 1.67. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.31 and a quick ratio of 1.45. GMS Inc. has a 1 year low of $56.58 and a 1 year high of $101.04.

GMS (NYSE:GMS) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the company posted $2.40 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, analysts anticipate that GMS Inc. will post 7.95 earnings per share for the current fiscal year.

Analyst Ratings Changes

GMS has been the subject of several research reports. Loop Capital dropped their target price on GMS from $100.00 to $85.00 and set a “hold” rating for the company in a research report on Friday, June 21st. DA Davidson decreased their target price 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 target on shares of GMS from $112.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, July 1st. Barclays decreased their price objective 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, Robert W. Baird dropped their target price on shares of GMS from $112.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, June 21st. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, GMS presently has a consensus rating of “Hold” and a consensus price target of $89.63.

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.