Harbor Capital Advisors Inc. Acquires 1,132 Shares of GMS Inc. (NYSE:GMS)

Harbor Capital Advisors Inc. raised its stake in shares of GMS Inc. (NYSE:GMS) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,151 shares of the company’s stock after buying an additional 1,132 shares during the period. Harbor Capital Advisors Inc. owned 0.12% of GMS worth $3,830,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GMS. Intech Investment Management LLC raised its stake in shares of GMS by 148.8% in the 3rd quarter. Intech Investment Management LLC now owns 16,511 shares of the company’s stock valued at $1,495,000 after acquiring an additional 9,876 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of GMS by 6.4% in the third quarter. Victory Capital Management Inc. now owns 101,541 shares of the company’s stock valued at $9,197,000 after purchasing an additional 6,136 shares during the period. Barclays PLC lifted its stake in shares of GMS by 374.0% in the third quarter. Barclays PLC now owns 70,580 shares of the company’s stock worth $6,392,000 after buying an additional 55,690 shares during the last quarter. Algert Global LLC boosted its holdings in shares of GMS by 22.8% during the 2nd quarter. Algert Global LLC now owns 151,535 shares of the company’s stock worth $12,215,000 after buying an additional 28,137 shares during the period. Finally, Vestcor Inc grew its stake in GMS by 71.5% in the 3rd quarter. Vestcor Inc now owns 14,330 shares of the company’s stock valued at $1,298,000 after buying an additional 5,972 shares during the last quarter. 95.28% of the stock is currently owned by institutional investors.

GMS Stock Down 1.1 %

Shares of NYSE GMS opened at $80.21 on Friday. GMS Inc. has a 52-week low of $77.29 and a 52-week high of $105.54. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23. The business has a fifty day moving average of $93.42 and a two-hundred day moving average of $90.33. The stock has a market cap of $3.11 billion, a PE ratio of 14.74 and a beta of 1.73.

GMS (NYSE:GMS) last released its quarterly earnings results on Thursday, December 5th. The company reported $2.02 EPS for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.24). The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company earned $2.30 earnings per share. As a group, equities research analysts expect that GMS Inc. will post 7.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on GMS. Royal Bank of Canada restated a “sector perform” rating and set a $86.00 price target (up from $78.00) on shares of GMS in a report on Friday, December 6th. Barclays raised their target price on GMS from $80.00 to $93.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. DA Davidson cut their price target on GMS from $97.00 to $94.00 and set a “neutral” rating for the company in a report on Friday, December 6th. Robert W. Baird reduced their price objective on GMS from $115.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, December 6th. Finally, Loop Capital boosted their target price on shares of GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a research report on Monday, November 25th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, GMS has a consensus rating of “Hold” and an average target price of $95.43.

Insider Activity at GMS

In other news, COO George T. Hendren sold 5,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $102.13, for a total value of $510,650.00. Following the transaction, the chief operating officer now owns 23,772 shares of the company’s stock, valued at $2,427,834.36. This represents a 17.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.90% of the stock is owned by company insiders.

About GMS

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.