Massachusetts Financial Services Co. MA Purchases 4,675 Shares of GMS Inc (NYSE:GMS)

Massachusetts Financial Services Co. MA increased its stake in shares of GMS Inc (NYSE:GMS) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 983,380 shares of the company’s stock after buying an additional 4,675 shares during the period. Massachusetts Financial Services Co. MA owned 2.39% of GMS worth $26,640,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in shares of GMS by 13.3% in the 1st quarter. BlackRock Inc. now owns 1,913,608 shares of the company’s stock valued at $58,480,000 after buying an additional 224,622 shares during the last quarter. Millennium Management LLC lifted its holdings in GMS by 28.9% during the 1st quarter. Millennium Management LLC now owns 1,540,256 shares of the company’s stock valued at $47,070,000 after purchasing an additional 345,121 shares during the last quarter. Citadel Advisors LLC lifted its holdings in GMS by 29.7% during the 1st quarter. Citadel Advisors LLC now owns 1,263,477 shares of the company’s stock valued at $38,612,000 after purchasing an additional 289,417 shares during the last quarter. Rubric Capital Management LP lifted its holdings in GMS by 80.9% during the 1st quarter. Rubric Capital Management LP now owns 1,040,400 shares of the company’s stock valued at $31,795,000 after purchasing an additional 465,400 shares during the last quarter. Finally, Gratia Capital LLC lifted its holdings in GMS by 166.7% during the 1st quarter. Gratia Capital LLC now owns 772,587 shares of the company’s stock valued at $23,610,000 after purchasing an additional 482,915 shares during the last quarter. 75.86% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently commented on GMS. TheStreet upgraded GMS from a “c” rating to a “b-” rating in a research report on Friday, May 25th. ValuEngine lowered GMS from a “hold” rating to a “sell” rating in a research note on Thursday, June 28th. Barclays initiated coverage on GMS in a research note on Friday, June 29th. They issued an “overweight” rating and a $30.00 price objective on the stock. Nomura set a $37.00 price objective on GMS and gave the company a “buy” rating in a research note on Friday. Finally, Royal Bank of Canada set a $36.00 price target on GMS and gave the company a “buy” rating in a research note on Friday, June 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $36.55.

GMS stock traded down $2.01 during mid-day trading on Friday, reaching $24.85. The company’s stock had a trading volume of 1,139,500 shares, compared to its average volume of 404,314. The company has a market cap of $1.09 billion, a P/E ratio of 12.82, a PEG ratio of 1.14 and a beta of 1.35. GMS Inc has a 12 month low of $23.50 and a 12 month high of $39.98. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.69 and a current ratio of 2.71.

GMS (NYSE:GMS) last released its quarterly earnings data on Thursday, August 30th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.09. GMS had a return on equity of 13.00% and a net margin of 2.51%. The firm had revenue of $778.10 million during the quarter, compared to the consensus estimate of $768.61 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 21.2% on a year-over-year basis. research analysts predict that GMS Inc will post 3.32 earnings per share for the current year.

In other GMS news, VP Craig D. Apolinsky acquired 1,000 shares of the business’s stock in a transaction on Friday, July 6th. The shares were acquired at an average price of $26.32 per share, with a total value of $26,320.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider G Michael Callahan, Jr. sold 12,500 shares of the business’s stock in a transaction on Friday, June 22nd. The stock was sold at an average price of $31.13, for a total value of $389,125.00. Following the completion of the transaction, the insider now directly owns 428,314 shares in the company, valued at approximately $13,333,414.82. The disclosure for this sale can be found here. Corporate insiders own 5.90% of the company’s stock.

GMS Profile

GMS Inc distributes wallboards, suspended ceilings systems, and related construction products in the United States and Canada. The company offers wallboard products; and 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.

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Institutional Ownership by Quarter for GMS (NYSE:GMS)

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