Baugh & Associates LLC Invests $1.55 Million in GMS Inc (GMS) Stock

Baugh & Associates LLC acquired a new stake in shares of GMS Inc (NYSE:GMS) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 41,281 shares of the company’s stock, valued at approximately $1,554,000. Baugh & Associates LLC owned approximately 0.10% of GMS at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Great West Life Assurance Co. Can increased its position in shares of GMS by 213.7% during the 3rd quarter. Great West Life Assurance Co. Can now owns 2,823 shares of the company’s stock valued at $100,000 after purchasing an additional 1,923 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of GMS during the 4th quarter valued at $129,000. Macquarie Group Ltd. purchased a new stake in shares of GMS during the 3rd quarter valued at $170,000. Victory Capital Management Inc. purchased a new stake in shares of GMS during the 3rd quarter valued at $182,000. Finally, California Public Employees Retirement System purchased a new stake in shares of GMS during the 3rd quarter valued at $234,000. Institutional investors and hedge funds own 60.16% of the company’s stock.

In related news, CEO G Michael Callahan, Jr. sold 12,500 shares of GMS stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $35.30, for a total value of $441,250.00. Following the completion of the sale, the chief executive officer now owns 528,418 shares of the company’s stock, valued at approximately $18,653,155.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director J David Smith acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was purchased at an average cost of $37.58 per share, with a total value of $37,580.00. Following the acquisition, the director now owns 2,000 shares in the company, valued at approximately $75,160. The disclosure for this purchase can be found here. In the last three months, insiders sold 5,267,448 shares of company stock valued at $200,063,931. 5.90% of the stock is currently owned by insiders.

GMS has been the subject of several research analyst reports. Wells Fargo & Co initiated coverage on GMS in a research report on Wednesday, October 18th. They set a “market perform” rating and a $38.00 target price for the company. Zacks Investment Research raised GMS from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Wednesday, November 1st. SunTrust Banks reaffirmed a “buy” rating and set a $40.00 target price on shares of GMS in a research report on Friday, November 10th. ValuEngine lowered GMS from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $46.00 target price on shares of GMS in a research report on Friday, December 8th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $40.00.

Shares of GMS Inc (NYSE GMS) opened at $32.29 on Thursday. GMS Inc has a twelve month low of $27.20 and a twelve month high of $39.98. The firm has a market capitalization of $1,337.19, a PE ratio of 18.31, a P/E/G ratio of 2.31 and a beta of 1.42. The company has a quick ratio of 1.70, a current ratio of 2.62 and a debt-to-equity ratio of 1.06.

GMS (NYSE:GMS) last announced its quarterly earnings data on Thursday, December 7th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.03). GMS had a return on equity of 14.24% and a net margin of 2.26%. The firm had revenue of $648.00 million during the quarter, compared to analysts’ expectations of $662.03 million. During the same period last year, the business posted $0.49 EPS. The company’s revenue was up 9.5% compared to the same quarter last year. analysts forecast that GMS Inc will post 2.01 earnings per share for the current year.

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GMS Company Profile

GMS Inc is a distributor of wallboard and suspended ceilings systems, or ceilings. The Company provides a product offering of over 20,000 stock keeping units (SKUs) of wallboard, ceilings and complementary interior construction products for interior contractors. It offers steel framing and ancillary products for its customers.

Institutional Ownership by Quarter for GMS (NYSE:GMS)

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