GMS Inc. (NYSE:GMS) Director Theron I. Gilliam Sells 12,474 Shares

GMS Inc. (NYSE:GMS) Director Theron I. Gilliam sold 12,474 shares of GMS stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $73.46, for a total value of $916,340.04. Following the transaction, the director now directly owns 31,507 shares in the company, valued at approximately $2,314,504.22. The trade was a 28.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

GMS Trading Up 2.1 %

Shares of GMS opened at $75.29 on Thursday. GMS Inc. has a fifty-two week low of $65.88 and a fifty-two week high of $105.54. The business has a 50-day moving average of $78.72 and a 200 day moving average of $87.12. The firm has a market cap of $2.89 billion, a P/E ratio of 13.84 and a beta of 1.73. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23.

GMS (NYSE:GMS) last posted its earnings results on Thursday, March 6th. The company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.47). The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.29 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. As a group, research analysts forecast that GMS Inc. will post 7.26 EPS for the current year.

Wall Street Analyst Weigh In

GMS has been the topic of a number of analyst reports. Barclays cut their price objective on shares of GMS from $80.00 to $71.00 and set an “equal weight” rating on the stock in a report on Monday, March 10th. Robert W. Baird reduced their price objective on shares of GMS from $110.00 to $93.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Royal Bank of Canada reduced their target price on GMS from $82.00 to $65.00 and set a “sector perform” rating for the company in a report on Friday, March 7th. DA Davidson decreased their price target on GMS from $94.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Finally, Loop Capital reduced their price objective on GMS from $93.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, March 10th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $80.50.

Institutional Investors Weigh In On GMS

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC grew its position in shares of GMS by 38.7% in the fourth quarter. FMR LLC now owns 5,868,782 shares of the company’s stock valued at $497,849,000 after purchasing an additional 1,636,612 shares in the last quarter. Coliseum Capital Management LLC boosted its stake in GMS by 135.0% in the 4th quarter. Coliseum Capital Management LLC now owns 1,889,489 shares of the company’s stock worth $160,285,000 after purchasing an additional 1,085,551 shares during the period. Pacer Advisors Inc. purchased a new position in GMS during the 4th quarter valued at about $109,277,000. Charles Schwab Investment Management Inc. increased its position in shares of GMS by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 609,715 shares of the company’s stock valued at $51,722,000 after buying an additional 15,664 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. lifted its holdings in shares of GMS by 3.4% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 596,444 shares of the company’s stock worth $50,596,000 after buying an additional 19,833 shares in the last quarter. Institutional investors own 95.28% of the company’s stock.

About GMS

GMS Inc distributes wallboard, ceilings, steel framing and complementary construction products in the United States and Canada. The company offers 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.