GMS Inc. (NYSE:GMS) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. increased its holdings in shares of GMS Inc. (NYSE:GMS) by 28.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,830,833 shares of the company’s stock after acquiring an additional 406,406 shares during the period. American Century Companies Inc. owned approximately 4.62% of GMS worth $147,583,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GMS. Westwood Holdings Group Inc. purchased a new stake in GMS during the first quarter worth $68,693,000. LSV Asset Management lifted its position in shares of GMS by 103.0% in the second quarter. LSV Asset Management now owns 690,820 shares of the company’s stock valued at $55,687,000 after acquiring an additional 350,478 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. purchased a new stake in shares of GMS in the second quarter valued at $24,601,000. Interval Partners LP purchased a new stake in shares of GMS in the first quarter valued at $8,761,000. Finally, Capital International Investors lifted its position in shares of GMS by 15.0% in the fourth quarter. Capital International Investors now owns 611,792 shares of the company’s stock valued at $50,430,000 after acquiring an additional 79,792 shares in the last quarter. Institutional investors and hedge funds own 95.28% of the company’s stock.

GMS Trading Up 1.8 %

Shares of GMS opened at $84.44 on Friday. The company has a market capitalization of $3.35 billion, a P/E ratio of 12.55 and a beta of 1.67. GMS Inc. has a one year low of $56.58 and a one year high of $101.04. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.45 and a current ratio of 2.31. The stock has a 50-day moving average price of $88.51 and a 200 day moving average price of $90.80.

GMS (NYSE:GMS) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.93 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.21). The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.48 billion. GMS had a net margin of 4.45% and a return on equity of 22.02%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.40 EPS. Sell-side analysts forecast that GMS Inc. will post 8.09 EPS for the current fiscal year.

Insider Activity at GMS

In related news, SVP Craig D. Apolinsky sold 7,900 shares of the stock in a transaction dated 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 owns 10,671 shares of the company’s stock, valued at $963,804.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on GMS shares. Truist Financial reduced their price objective on GMS from $95.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Loop Capital dropped their target price on GMS from $100.00 to $85.00 and set a “hold” rating for the company in a research note on Friday, June 21st. StockNews.com lowered GMS from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Royal Bank of Canada dropped their target price on GMS from $92.00 to $85.00 and set a “sector perform” rating for the company in a research note on Friday, June 21st. Finally, DA Davidson dropped their target price on GMS from $105.00 to $97.00 and set a “buy” rating for the company in a research note on Tuesday, June 25th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $89.63.

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.