Livforsakringsbolaget Skandia Omsesidigt Purchases 8,100 Shares of GMS Inc. (NYSE:GMS)

Livforsakringsbolaget Skandia Omsesidigt increased its holdings in GMS Inc. (NYSE:GMS) by 24.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 40,914 shares of the company’s stock after buying an additional 8,100 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in GMS were worth $3,706,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GMS. Reinhart Partners LLC. increased its stake in GMS by 6.8% during the third quarter. Reinhart Partners LLC. now owns 529,420 shares of the company’s stock worth $47,950,000 after acquiring an additional 33,656 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of GMS by 138.8% in the 3rd quarter. GAMMA Investing LLC now owns 621 shares of the company’s stock worth $56,000 after purchasing an additional 361 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of GMS during the 2nd quarter valued at approximately $2,459,000. Sanctuary Advisors LLC purchased a new stake in GMS during the 2nd quarter valued at $1,692,000. Finally, Quarry LP lifted its position in GMS by 37.1% in the second quarter. Quarry LP now owns 403 shares of the company’s stock worth $32,000 after buying an additional 109 shares during the last quarter. Institutional investors own 95.28% of the company’s stock.

GMS Stock Performance

Shares of GMS stock opened at $92.19 on Friday. The company has a current ratio of 2.31, a quick ratio of 1.45 and a debt-to-equity ratio of 0.90. The stock’s fifty day moving average price is $89.06 and its 200-day moving average price is $90.48. The firm has a market cap of $3.62 billion, a P/E ratio of 15.21 and a beta of 1.68. GMS Inc. has a 12 month low of $56.58 and a 12 month high of $101.04.

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

Wall Street Analyst Weigh In

GMS has been the topic of a number of analyst reports. StockNews.com cut shares of GMS from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Royal Bank of Canada reduced their price objective on shares of GMS from $92.00 to $85.00 and set a “sector perform” rating on the stock in a research report on Friday, June 21st. Barclays dropped their target price on GMS from $81.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, September 9th. Robert W. Baird decreased their price target on GMS from $112.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, June 21st. Finally, Truist Financial decreased their target price on GMS from $95.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $89.63.

Insider Activity at GMS

In other news, SVP Craig D. Apolinsky sold 7,900 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $90.32, for a total value of $713,528.00. Following the completion of the transaction, the senior vice president now directly owns 10,671 shares of the company’s stock, valued at approximately $963,804.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.90% of the stock is currently owned by corporate insiders.

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.