GMS Inc. (NYSE:GMS) COO Sells $510,650.00 in Stock

GMS Inc. (NYSE:GMS) COO George T. Hendren sold 5,000 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $102.13, for a total transaction of $510,650.00. Following the completion of the transaction, the chief operating officer now owns 23,772 shares in the company, valued at $2,427,834.36. This represents a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

GMS Trading Down 1.6 %

NYSE GMS opened at $99.74 on Friday. The company has a fifty day simple moving average of $91.35 and a two-hundred day simple moving average of $90.31. The stock has a market cap of $3.92 billion, a P/E ratio of 16.46 and a beta of 1.68. GMS Inc. has a 12-month low of $64.28 and a 12-month high of $103.56. The company has a current ratio of 2.31, a quick ratio of 1.45 and a debt-to-equity ratio of 0.90.

GMS (NYSE:GMS) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.21). GMS had a return on equity of 22.02% and a net margin of 4.45%. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the business posted $2.40 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. On average, analysts forecast that GMS Inc. will post 7.95 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GMS. Truist Financial dropped their price objective on shares of GMS from $95.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Robert W. Baird increased their target price on shares of GMS from $96.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. StockNews.com cut shares of GMS from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Finally, Barclays decreased their target price on shares of GMS from $81.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, September 9th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $91.50.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GMS. FMR LLC raised its holdings in shares of GMS by 25.3% during the third quarter. FMR LLC now owns 4,232,170 shares of the company’s stock worth $383,308,000 after purchasing an additional 854,987 shares during the last quarter. Westwood Holdings Group Inc. purchased a new position in shares of GMS during the first quarter worth $68,693,000. American Century Companies Inc. raised its holdings in shares of GMS by 28.5% during the second quarter. American Century Companies Inc. now owns 1,830,833 shares of the company’s stock worth $147,583,000 after purchasing an additional 406,406 shares during the last quarter. LSV Asset Management grew its position in GMS by 103.0% during the second quarter. LSV Asset Management now owns 690,820 shares of the company’s stock valued at $55,687,000 after buying an additional 350,478 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. acquired a new stake in GMS during the second quarter valued at $24,601,000. Hedge funds and other institutional investors own 95.28% of the company’s stock.

GMS Company Profile

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.