ZWJ Investment Counsel Inc. Acquires New Shares in GMS Inc. $GMS

ZWJ Investment Counsel Inc. acquired a new stake in shares of GMS Inc. (NYSE:GMS) in the second quarter, HoldingsChannel reports. The fund acquired 2,295 shares of the company’s stock, valued at approximately $250,000.

A number of other institutional investors have also recently bought and sold shares of GMS. Coliseum Capital Management LLC boosted its position in GMS by 81.9% during the first quarter. Coliseum Capital Management LLC now owns 3,437,488 shares of the company’s stock valued at $251,521,000 after purchasing an additional 1,547,999 shares during the last quarter. Westwood Holdings Group Inc. boosted its position in GMS by 29.4% during the first quarter. Westwood Holdings Group Inc. now owns 933,262 shares of the company’s stock valued at $68,287,000 after purchasing an additional 212,128 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in GMS by 105.3% during the first quarter. Goldman Sachs Group Inc. now owns 373,738 shares of the company’s stock valued at $27,346,000 after purchasing an additional 191,737 shares during the last quarter. American Century Companies Inc. boosted its position in GMS by 12.9% during the first quarter. American Century Companies Inc. now owns 1,660,194 shares of the company’s stock valued at $121,476,000 after purchasing an additional 189,760 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in GMS during the first quarter valued at $7,813,000. Institutional investors and hedge funds own 95.28% of the company’s stock.

Insider Transactions at GMS

In related news, major shareholder Coliseum Capital Management, L sold 179,133 shares of the business’s stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $110.05, for a total transaction of $19,713,586.65. Following the transaction, the insider directly owned 3,646,018 shares in the company, valued at $401,244,280.90. The trade was a 4.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 338,627 shares of company stock worth $37,266,947 in the last 90 days. Insiders own 1.90% of the company’s stock.

GMS Trading Down 0.0%

GMS stock opened at $109.96 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.31 and a current ratio of 2.11. The business’s 50-day simple moving average is $109.80 and its 200-day simple moving average is $92.57. The firm has a market capitalization of $4.20 billion, a PE ratio of 42.29 and a beta of 1.76. GMS Inc. has a 52 week low of $65.77 and a 52 week high of $110.28.

GMS (NYSE:GMS) last posted its quarterly earnings data on Thursday, September 4th. The company reported $1.76 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.01). The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.40 billion. GMS had a return on equity of 16.36% and a net margin of 1.86%.The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.93 earnings per share. Equities research analysts forecast that GMS Inc. will post 7.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

GMS has been the subject of a number of analyst reports. Truist Financial boosted their price target on GMS from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Tuesday, July 1st. Raymond James Financial cut GMS from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 25th. Stephens cut GMS from a “strong-buy” rating to a “hold” rating and set a $95.00 price target for the company. in a research report on Friday, June 27th. Robert W. Baird reaffirmed a “neutral” rating and issued a $95.00 price target (up previously from $93.00) on shares of GMS in a research report on Monday, June 23rd. Finally, Royal Bank Of Canada boosted their price target on GMS from $95.20 to $110.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 1st. Nine research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $101.11.

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.