GMS Inc (NYSE:GMS) was the target of unusually large options trading activity on Tuesday. Investors purchased 510 put options on the company. This is an increase of approximately 764% compared to the typical daily volume of 59 put options.

Hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its stake in shares of GMS by 69.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,735 shares of the company’s stock valued at $26,000 after buying an additional 714 shares in the last quarter. IFP Advisors Inc increased its position in shares of GMS by 49.0% during the 4th quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock worth $30,000 after purchasing an additional 658 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new stake in shares of GMS during the 4th quarter worth about $32,000. Tower Research Capital LLC TRC increased its position in shares of GMS by 1,452.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,652 shares of the company’s stock worth $132,000 after purchasing an additional 5,288 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of GMS by 373.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,495 shares of the company’s stock worth $156,000 after purchasing an additional 8,277 shares in the last quarter. Institutional investors own 75.58% of the company’s stock.

Shares of GMS stock opened at $18.29 on Thursday. GMS has a 52-week low of $13.61 and a 52-week high of $31.75. The firm has a market capitalization of $732.33 million, a PE ratio of 9.10, a price-to-earnings-growth ratio of 0.86 and a beta of 2.33. The company has a quick ratio of 1.76, a current ratio of 2.85 and a debt-to-equity ratio of 1.88.

GMS (NYSE:GMS) last announced its quarterly earnings data on Tuesday, March 5th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.13). GMS had a net margin of 1.66% and a return on equity of 18.49%. The business had revenue of $723.90 million during the quarter, compared to analyst estimates of $741.43 million. During the same quarter in the prior year, the company posted $0.47 EPS. The company’s quarterly revenue was up 23.6% compared to the same quarter last year. As a group, equities research analysts forecast that GMS will post 2.87 earnings per share for the current year.

Several equities research analysts have issued reports on GMS shares. Zacks Investment Research raised shares of GMS from a “sell” rating to a “hold” rating in a report on Monday, February 18th. ValuEngine cut shares of GMS from a “sell” rating to a “strong sell” rating in a research note on Monday, February 4th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $25.44.

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GMS Company 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.

Further Reading: Depreciation

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