GMS Inc (GMS) Position Raised by Northern Trust Corp

Northern Trust Corp increased its holdings in shares of GMS Inc (NYSE:GMS) by 13.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 425,873 shares of the company’s stock after purchasing an additional 51,367 shares during the quarter. Northern Trust Corp owned approximately 1.04% of GMS worth $11,536,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of GMS. Raymond James & Associates purchased a new stake in GMS during the second quarter worth approximately $216,000. Xact Kapitalforvaltning AB acquired a new position in GMS during the first quarter worth approximately $233,000. Fox Run Management L.L.C. acquired a new position in GMS during the second quarter worth approximately $315,000. California Public Employees Retirement System increased its position in GMS by 54.7% during the second quarter. California Public Employees Retirement System now owns 12,063 shares of the company’s stock worth $327,000 after buying an additional 4,263 shares during the period. Finally, Jane Street Group LLC acquired a new position in GMS during the second quarter worth approximately $418,000. Hedge funds and other institutional investors own 76.75% of the company’s stock.

Several research analysts have commented on the company. Nomura lifted their price target on GMS from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, August 31st. ValuEngine lowered GMS from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 4th. TheStreet lowered GMS from a “c-” rating to a “d+” rating in a research report on Wednesday, October 24th. Zacks Investment Research raised GMS from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Thursday, November 1st. Finally, Raymond James lifted their price target on GMS from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. GMS currently has an average rating of “Buy” and a consensus target price of $35.10.

GMS opened at $17.23 on Friday. The company has a market cap of $726.10 million, a price-to-earnings ratio of 8.57, a PEG ratio of 0.76 and a beta of 2.11. GMS Inc has a 52 week low of $14.89 and a 52 week high of $39.98. The company has a current ratio of 3.08, a quick ratio of 1.93 and a debt-to-equity ratio of 2.05.

GMS (NYSE:GMS) last released its quarterly earnings results on Thursday, August 30th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.73 by $0.09. The company had revenue of $778.10 million for the quarter, compared to analyst estimates of $768.61 million. GMS had a return on equity of 15.18% and a net margin of 2.13%. The firm’s revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 earnings per share. Equities analysts predict that GMS Inc will post 3.3 earnings per share for the current fiscal year.

In related news, insider Lynn Ross bought 2,061 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were acquired at an average price of $24.26 per share, with a total value of $49,999.86. Following the completion of the acquisition, the insider now owns 2,061 shares in the company, valued at approximately $49,999.86. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Richard Alan Adams bought 3,000 shares of the company’s stock in a transaction dated Wednesday, September 5th. The stock was bought at an average cost of $24.14 per share, for a total transaction of $72,420.00. Following the acquisition, the vice president now owns 175,000 shares of the company’s stock, valued at approximately $4,224,500. The disclosure for this purchase can be found here. In the last three months, insiders bought 9,211 shares of company stock worth $222,559. Corporate insiders own 4.90% of the company’s stock.

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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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