10,200 Shares in GMS Inc. (GMS) Purchased by Wellington Shields & Co. LLC

Wellington Shields & Co. LLC acquired a new stake in shares of GMS Inc. (NYSE:GMS) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 10,200 shares of the company’s stock, valued at approximately $361,000.

Other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC purchased a new position in GMS during the 1st quarter valued at $7,656,000. Canada Pension Plan Investment Board purchased a new position in GMS during the 2nd quarter valued at $1,967,000. Koch Industries Inc. purchased a new position in GMS during the 2nd quarter valued at $324,000. Bank of America Corp DE increased its position in GMS by 0.3% during the 1st quarter. Bank of America Corp DE now owns 161,291 shares of the company’s stock valued at $5,651,000 after purchasing an additional 489 shares during the period. Finally, JPMorgan Chase & Co. increased its position in GMS by 415.8% during the 1st quarter. JPMorgan Chase & Co. now owns 44,811 shares of the company’s stock valued at $1,570,000 after purchasing an additional 36,124 shares during the period. 55.73% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have issued reports on GMS shares. Zacks Investment Research raised shares of GMS from a “sell” rating to a “hold” rating in a research report on Monday, September 4th. Royal Bank Of Canada boosted their price objective on shares of GMS from $34.00 to $39.00 and gave the company an “outperform” rating in a research report on Thursday, September 7th. Robert W. Baird reaffirmed a “buy” rating and issued a $37.00 target price on shares of GMS in a research report on Monday, October 9th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $40.00 target price on shares of GMS in a research report on Friday. Finally, Wells Fargo & Company started coverage on shares of GMS in a research report on Wednesday, October 18th. They issued a “market perform” rating and a $38.00 target price on the stock. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $37.38.

GMS Inc. (NYSE GMS) traded down $0.36 during trading hours on Tuesday, hitting $33.85. 212,500 shares of the stock were exchanged, compared to its average volume of 362,915. The stock has a market cap of $1,390.00 and a P/E ratio of 19.77. The company has a quick ratio of 1.82, a current ratio of 2.80 and a debt-to-equity ratio of 1.11. GMS Inc. has a 12-month low of $24.21 and a 12-month high of $36.99.

GMS (NYSE:GMS) last released its earnings results on Wednesday, September 6th. The company reported $0.47 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.47. The firm had revenue of $642.20 million for the quarter, compared to the consensus estimate of $645.19 million. GMS had a net margin of 2.28% and a return on equity of 14.13%. The company’s revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 EPS. analysts expect that GMS Inc. will post 2.01 EPS for the current fiscal year.

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In related news, CEO G Michael Callahan, Jr. sold 12,500 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $34.52, for a total transaction of $431,500.00. Following the sale, the chief executive officer now directly owns 528,418 shares of the company’s stock, valued at approximately $18,240,989.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lynn Ross sold 1,894 shares of the stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $34.77, for a total transaction of $65,854.38. The disclosure for this sale can be found here. Insiders have sold a total of 26,894 shares of company stock worth $931,479 over the last three months. 5.90% of the stock is currently owned by insiders.

GMS Company Profile

GMS Inc is a distributor of wallboard and suspended ceilings systems, or ceilings. The Company provides a product offering of over 20,000 stock keeping units (SKUs) of wallboard, ceilings and complementary interior construction products for interior contractors. It offers steel framing and ancillary products for its customers.

Institutional Ownership by Quarter for GMS (NYSE:GMS)

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