84,885 Shares in GMS Inc (NYSE:GMS) Bought by Hancock Whitney Corp

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Hancock Whitney Corp bought a new position in shares of GMS Inc (NYSE:GMS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 84,885 shares of the company’s stock, valued at approximately $2,299,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC boosted its holdings in GMS by 27.6% in the first quarter. FMR LLC now owns 1,568,460 shares of the company’s stock valued at $23,715,000 after acquiring an additional 338,959 shares in the last quarter. First Trust Advisors LP boosted its holdings in GMS by 48.2% in the first quarter. First Trust Advisors LP now owns 137,357 shares of the company’s stock valued at $2,077,000 after acquiring an additional 44,700 shares in the last quarter. Pacer Advisors Inc. bought a new stake in GMS in the third quarter valued at $864,000. Meeder Asset Management Inc. bought a new stake in GMS in the third quarter valued at $178,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in GMS by 65.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,265 shares of the company’s stock valued at $65,000 after acquiring an additional 893 shares in the last quarter. 88.65% of the stock is currently owned by institutional investors and hedge funds.

GMS has been the topic of a number of research reports. Robert W. Baird boosted their target price on shares of GMS from $28.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Zacks Investment Research cut shares of GMS from a “buy” rating to a “hold” rating in a report on Wednesday, December 4th. ValuEngine cut shares of GMS from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 3rd. Finally, Stephens dropped their target price on shares of GMS from $34.00 to $33.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. GMS has a consensus rating of “Buy” and a consensus price target of $31.22.

Shares of GMS stock opened at $28.74 on Friday. GMS Inc has a 12 month low of $14.71 and a 12 month high of $32.42. The stock has a market cap of $1.19 billion, a PE ratio of 9.50, a price-to-earnings-growth ratio of 1.30 and a beta of 2.08. The company has a current ratio of 2.21, a quick ratio of 1.43 and a debt-to-equity ratio of 1.63. The company’s fifty day moving average price is $27.62 and its 200-day moving average price is $27.66.

GMS (NYSE:GMS) last announced its earnings results on Thursday, December 5th. The company reported $1.00 EPS for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.01. GMS had a net margin of 2.38% and a return on equity of 19.27%. The firm had revenue of $861.90 million for the quarter, compared to analysts’ expectations of $860.95 million. During the same quarter in the previous year, the business posted $0.89 EPS. The company’s quarterly revenue was up 3.4% on a year-over-year basis. On average, sell-side analysts forecast that GMS Inc will post 3.11 earnings per share for the current fiscal year.

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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