Jennison Associates LLC increased its stake in shares of GMS Inc (NYSE:GMS) by 96.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,679 shares of the company’s stock after buying an additional 14,541 shares during the period. Jennison Associates LLC’s holdings in GMS were worth $804,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC increased its holdings in GMS by 67.8% during the first quarter. SG Americas Securities LLC now owns 5,745 shares of the company’s stock worth $176,000 after buying an additional 2,322 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new stake in GMS during the first quarter worth about $233,000. Victory Capital Management Inc. increased its holdings in GMS by 54.2% during the first quarter. Victory Capital Management Inc. now owns 8,688 shares of the company’s stock worth $266,000 after buying an additional 3,055 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of GMS by 79.1% in the first quarter. BNP Paribas Arbitrage SA now owns 9,764 shares of the company’s stock worth $298,000 after purchasing an additional 4,313 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of GMS in the second quarter worth about $315,000. Institutional investors and hedge funds own 68.61% of the company’s stock.

GMS opened at $25.16 on Friday. The stock has a market capitalization of $1.06 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 1.11 and a beta of 1.35. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.71 and a quick ratio of 1.69. GMS Inc has a twelve month low of $23.50 and a twelve month high of $39.98.

GMS (NYSE:GMS) last released its quarterly earnings data on Thursday, June 28th. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). GMS had a net margin of 2.51% and a return on equity of 13.00%. The firm had revenue of $635.80 million during the quarter, compared to the consensus estimate of $674.08 million. During the same quarter last year, the business posted $0.48 earnings per share. GMS’s revenue was up 3.4% compared to the same quarter last year. equities research analysts anticipate that GMS Inc will post 3.32 EPS for the current fiscal year.

In other news, VP Craig D. Apolinsky acquired 1,000 shares of the business’s stock in a transaction dated Friday, July 6th. The stock was bought at an average cost of $26.32 per share, for a total transaction of $26,320.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director J David Smith acquired 2,000 shares of the business’s stock in a transaction dated Monday, July 2nd. The stock was purchased at an average price of $26.66 per share, with a total value of $53,320.00. Following the completion of the transaction, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $106,640. The disclosure for this purchase can be found here. 5.90% of the stock is currently owned by company insiders.

Several equities analysts have recently weighed in on the stock. Robert W. Baird downgraded shares of GMS from an “outperform” rating to a “neutral” rating and set a $36.00 target price for the company. in a research note on Tuesday, July 3rd. ValuEngine upgraded shares of GMS from a “sell” rating to a “hold” rating in a research note on Thursday, June 21st. Zacks Investment Research upgraded shares of GMS from a “hold” rating to a “strong-buy” rating and set a $31.00 target price for the company in a research note on Wednesday, July 4th. Raymond James upgraded shares of GMS from an “outperform” rating to a “strong-buy” rating and set a $26.00 target price for the company in a research note on Friday, June 29th. Finally, TheStreet upgraded shares of GMS from a “c” rating to a “b-” rating in a research note on Friday, May 25th. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. GMS presently has an average rating of “Buy” and an average target price of $36.18.

About GMS

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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