Pacer Advisors Inc. Invests $109.28 Million in GMS Inc. (NYSE:GMS)

Pacer Advisors Inc. purchased a new position in shares of GMS Inc. (NYSE:GMS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,288,191 shares of the company's stock, valued at approximately $109,277,000. Pacer Advisors Inc. owned 3.32% of GMS as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board purchased a new stake in shares of GMS during the second quarter worth $121,000. Squarepoint Ops LLC purchased a new stake in GMS during the 2nd quarter worth about $201,000. Algert Global LLC boosted its stake in GMS by 22.8% in the 2nd quarter. Algert Global LLC now owns 151,535 shares of the company's stock worth $12,215,000 after purchasing an additional 28,137 shares during the period. Creative Planning grew its holdings in GMS by 12.9% during the 2nd quarter. Creative Planning now owns 5,721 shares of the company's stock valued at $461,000 after buying an additional 653 shares in the last quarter. Finally, Quarry LP increased its position in shares of GMS by 37.1% during the second quarter. Quarry LP now owns 403 shares of the company's stock valued at $32,000 after buying an additional 109 shares during the period. Hedge funds and other institutional investors own 95.28% of the company's stock.

GMS Trading Up 2.4 %

Shares of NYSE:GMS traded up $2.00 on Monday, reaching $85.18. 345,474 shares of the company traded hands, compared to its average volume of 383,980. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. GMS Inc. has a 52 week low of $77.29 and a 52 week high of $105.54. The business's 50-day simple moving average is $89.84 and its 200 day simple moving average is $90.75. The stock has a market capitalization of $3.31 billion, a P/E ratio of 15.66 and a beta of 1.73.

GMS (NYSE:GMS - Get Free Report) last announced its quarterly earnings results on Thursday, December 5th. The company reported $2.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.26 by ($0.24). GMS had a net margin of 3.92% and a return on equity of 20.67%. The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.46 billion. During the same quarter in the prior year, the firm earned $2.30 EPS. The firm's revenue for the quarter was up 3.5% on a year-over-year basis. As a group, equities analysts anticipate that GMS Inc. will post 7.26 EPS for the current fiscal year.

Analysts Set New Price Targets

GMS has been the subject of a number of analyst reports. Loop Capital raised their price objective on shares of GMS from $85.00 to $93.00 and gave the company a "hold" rating in a research report on Monday, November 25th. Barclays decreased their price target on shares of GMS from $93.00 to $80.00 and set an "equal weight" rating on the stock in a report on Thursday, January 16th. Royal Bank of Canada reissued a "sector perform" rating and set a $86.00 price objective (up previously from $78.00) on shares of GMS in a research note on Friday, December 6th. Robert W. Baird decreased their target price on GMS from $115.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, December 6th. Finally, DA Davidson cut their price objective on GMS from $97.00 to $94.00 and set a "neutral" rating for the company in a report on Friday, December 6th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $93.57.

Insider Activity

In related news, COO George T. Hendren sold 5,000 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $102.13, for a total transaction of $510,650.00. Following the transaction, the chief operating officer now owns 23,772 shares in the company, valued at $2,427,834.36. The trade was a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.90% of the company's stock.

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.