Davidson Kempner Capital Management LP Takes Position in GMS Inc (GMS)

Davidson Kempner Capital Management LP purchased a new stake in shares of GMS Inc (NYSE:GMS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 450,000 shares of the company’s stock, valued at approximately $15,930,000. Davidson Kempner Capital Management LP owned 1.10% of GMS as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Canada Pension Plan Investment Board bought a new position in GMS during the second quarter valued at about $1,967,000. Koch Industries Inc. bought a new position in GMS during the second quarter worth about $324,000. IndexIQ Advisors LLC boosted its position in GMS by 83.3% during the third quarter. IndexIQ Advisors LLC now owns 24,737 shares of the company’s stock worth $876,000 after purchasing an additional 11,239 shares during the period. Schwab Charles Investment Management Inc. boosted its position in GMS by 22.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 137,316 shares of the company’s stock worth $3,859,000 after purchasing an additional 24,747 shares during the period. Finally, Parametrica Management Ltd bought a new position in GMS during the third quarter worth about $548,000. Institutional investors own 59.34% of the company’s stock.

A number of brokerages have weighed in on GMS. SunTrust Banks increased their target price on shares of GMS to $45.00 and gave the stock a “buy” rating in a research report on Monday. Barclays set a $43.00 target price on shares of GMS and gave the stock a “buy” rating in a research report on Friday. Wells Fargo & Company began coverage on shares of GMS in a research report on Wednesday, October 18th. They set a “market perform” rating and a $38.00 target price for the company. Royal Bank Of Canada reiterated a “buy” rating and set a $46.00 target price on shares of GMS in a research report on Friday. Finally, Zacks Investment Research upgraded shares of GMS from a “sell” rating to a “hold” rating in a research report on Monday, December 4th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. GMS presently has an average rating of “Buy” and an average target price of $39.63.

GMS Inc (NYSE:GMS) traded down $0.25 during mid-day trading on Monday, hitting $38.57. 284,400 shares of the stock were exchanged, compared to its average volume of 366,222. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.62 and a quick ratio of 1.70. GMS Inc has a one year low of $25.87 and a one year high of $39.98. The company has a market capitalization of $1,582.56, a price-to-earnings ratio of 21.67, a P/E/G ratio of 2.75 and a beta of 3.20.

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

In other news, CFO H Douglas Goforth sold 61,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $37.27, for a total value of $2,273,470.00. Following the completion of the transaction, the chief financial officer now directly owns 82,563 shares in the company, valued at $3,077,123.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lynn Ross sold 1,894 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $34.77, for a total transaction of $65,854.38. The disclosure for this sale can be found here. Insiders sold 202,676 shares of company stock valued at $7,488,934 over the last 90 days. 5.90% of the stock is owned by company insiders.

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GMS 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.

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Institutional Ownership by Quarter for GMS (NYSE:GMS)

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