Geode Capital Management LLC Grows Position in GMS Inc (GMS)

Geode Capital Management LLC increased its position in shares of GMS Inc (NYSE:GMS) by 15.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 358,869 shares of the company’s stock after buying an additional 47,352 shares during the quarter. Geode Capital Management LLC’s holdings in GMS were worth $5,332,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in GMS. BlackRock Inc. lifted its position in GMS by 2.0% during the 4th quarter. BlackRock Inc. now owns 2,160,644 shares of the company’s stock worth $32,107,000 after acquiring an additional 41,335 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of GMS by 8.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,586,258 shares of the company’s stock valued at $23,572,000 after buying an additional 129,983 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of GMS by 48.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,314,769 shares of the company’s stock valued at $19,538,000 after buying an additional 428,497 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of GMS by 36.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,038,021 shares of the company’s stock valued at $15,425,000 after buying an additional 277,581 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of GMS by 2.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 859,548 shares of the company’s stock valued at $19,942,000 after buying an additional 16,824 shares during the period. Hedge funds and other institutional investors own 75.58% of the company’s stock.

Several research firms have recently commented on GMS. Zacks Investment Research cut GMS from a “hold” rating to a “sell” rating in a report on Thursday, March 7th. ValuEngine cut GMS from a “sell” rating to a “strong sell” rating in a report on Monday, February 4th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $25.44.

GMS opened at $17.31 on Monday. The company has a quick ratio of 1.76, a current ratio of 2.85 and a debt-to-equity ratio of 1.88. The company has a market capitalization of $702.30 million, a PE ratio of 8.61, a price-to-earnings-growth ratio of 0.86 and a beta of 2.33. GMS Inc has a 12 month low of $13.61 and a 12 month high of $32.10.

GMS (NYSE:GMS) last posted its quarterly earnings results on Tuesday, March 5th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.13). The business had revenue of $723.90 million during the quarter, compared to analyst estimates of $741.43 million. GMS had a net margin of 1.66% and a return on equity of 18.49%. The firm’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 earnings per share. As a group, research analysts forecast that GMS Inc will post 2.87 EPS for the current fiscal year.

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About GMS

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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