Victory Capital Management Inc. boosted its holdings in shares of GMS Inc (NYSE:GMS) by 7,451.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 760,440 shares of the company’s stock after buying an additional 750,370 shares during the quarter. Victory Capital Management Inc. owned about 1.85% of GMS worth $17,642,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. raised its stake in shares of GMS by 13.7% in the second quarter. BlackRock Inc. now owns 2,176,031 shares of the company’s stock valued at $58,949,000 after acquiring an additional 262,423 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of GMS by 48.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,456,275 shares of the company’s stock valued at $33,786,000 after acquiring an additional 472,895 shares during the last quarter. FMR LLC raised its stake in shares of GMS by 1.0% in the second quarter. FMR LLC now owns 1,134,700 shares of the company’s stock valued at $30,739,000 after acquiring an additional 10,700 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of GMS by 33.8% in the second quarter. Dimensional Fund Advisors LP now owns 891,608 shares of the company’s stock valued at $24,151,000 after acquiring an additional 225,233 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of GMS by 18.3% in the first quarter. Principal Financial Group Inc. now owns 671,826 shares of the company’s stock valued at $20,531,000 after purchasing an additional 103,930 shares in the last quarter. 74.69% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director John J. Gavin acquired 4,150 shares of the stock in a transaction dated Monday, September 10th. The shares were bought at an average cost of $24.13 per share, for a total transaction of $100,139.50. Following the purchase, the director now directly owns 16,966 shares of the company’s stock, valued at $409,389.58. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.90% of the stock is owned by insiders.

A number of brokerages recently weighed in on GMS. Raymond James raised their price target on shares of GMS from $31.00 to $33.00 and gave the company a “buy” rating in a report on Friday, August 31st. Nomura raised their price target on shares of GMS from $36.00 to $37.00 and gave the company a “buy” rating in a report on Friday, August 31st. Zacks Investment Research lowered shares of GMS from a “buy” rating to a “hold” rating in a report on Monday, September 3rd. ValuEngine lowered shares of GMS from a “sell” rating to a “strong sell” rating in a report on Thursday, October 4th. Finally, SunTrust Banks lowered their target price on shares of GMS to $26.00 and set a “buy” rating for the company in a report on Thursday. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $32.10.

GMS traded down $0.69 during trading on Friday, hitting $17.51. The company had a trading volume of 823,018 shares, compared to its average volume of 508,379. The stock has a market capitalization of $749.51 million, a P/E ratio of 8.71, a P/E/G ratio of 0.80 and a beta of 2.17. GMS Inc has a one year low of $14.89 and a one year high of $39.69. The company has a current ratio of 2.75, a quick ratio of 1.93 and a debt-to-equity ratio of 1.88.

GMS (NYSE:GMS) last issued its quarterly earnings results on Tuesday, December 4th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.06). GMS had a return on equity of 17.36% and a net margin of 2.23%. The business had revenue of $833.80 million for the quarter, compared to the consensus estimate of $830.54 million. During the same period last year, the firm earned $0.51 earnings per share. The company’s quarterly revenue was up 28.7% compared to the same quarter last year. On average, equities research analysts predict that GMS Inc will post 3.23 EPS for the current fiscal year.

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GMS Company 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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