Reinhart Partners Inc. Lowers Stock Position in GMS Inc (NYSE:GMS)

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Reinhart Partners Inc. lowered its position in shares of GMS Inc (NYSE:GMS) by 25.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 269,316 shares of the company’s stock after selling 93,226 shares during the quarter. Reinhart Partners Inc.’s holdings in GMS were worth $7,735,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GMS. BlackRock Inc. raised its holdings in shares of GMS by 115.6% during the 2nd quarter. BlackRock Inc. now owns 4,718,664 shares of the company’s stock worth $103,811,000 after acquiring an additional 2,529,800 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of GMS by 14.0% during the second quarter. Vanguard Group Inc. now owns 3,488,993 shares of the company’s stock valued at $76,758,000 after buying an additional 428,725 shares during the last quarter. FMR LLC raised its holdings in shares of GMS by 27.6% during the first quarter. FMR LLC now owns 1,568,460 shares of the company’s stock valued at $23,715,000 after buying an additional 338,959 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in shares of GMS during the second quarter valued at approximately $14,140,000. Finally, Northern Trust Corp raised its holdings in shares of GMS by 5.0% during the second quarter. Northern Trust Corp now owns 427,382 shares of the company’s stock valued at $9,402,000 after buying an additional 20,479 shares during the last quarter. 71.75% of the stock is owned by institutional investors and hedge funds.

NYSE GMS traded up $0.24 on Friday, reaching $30.60. The company’s stock had a trading volume of 236,403 shares, compared to its average volume of 596,833. The firm has a market cap of $1.30 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 1.43 and a beta of 2.17. The business has a 50-day moving average price of $29.20 and a 200 day moving average price of $23.35. GMS Inc has a 52 week low of $13.61 and a 52 week high of $31.64. The company has a current ratio of 2.29, a quick ratio of 1.46 and a debt-to-equity ratio of 1.80.

GMS (NYSE:GMS) last posted its earnings results on Thursday, August 29th. The company reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.05. The business had revenue of $847.20 million for the quarter, compared to analysts’ expectations of $837.65 million. GMS had a net margin of 2.27% and a return on equity of 18.99%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 earnings per share. Analysts anticipate that GMS Inc will post 3.11 earnings per share for the current fiscal year.

Several brokerages recently commented on GMS. Zacks Investment Research raised GMS from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Thursday, October 31st. ValuEngine downgraded shares of GMS from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Raymond James set a $31.00 price objective on shares of GMS and gave the stock a “buy” rating in a report on Friday, August 30th. Barclays boosted their price objective on shares of GMS from $26.00 to $33.00 and gave the stock an “overweight” rating in a report on Wednesday, September 4th. Finally, TheStreet upgraded shares of GMS from a “c+” rating to a “b-” rating in a report on Friday, September 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $30.20.

In other GMS news, Director Ronald R. Ross sold 30,474 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $27.97, for a total transaction of $852,357.78. Following the sale, the director now directly owns 285,365 shares of the company’s stock, valued at $7,981,659.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Investors Fund V. Lp Aea sold 6,825,058 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $26.93, for a total transaction of $183,798,811.94. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.

GMS Profile

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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