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

GMS Inc. (NYSE:GMS) Director Theron I. Gilliam sold 12,474 shares of the business’s 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 completion of the sale, the director now owns 31,507 shares of the company’s stock, valued at approximately $2,314,504.22. This trade represents a 28.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

GMS Stock Performance

NYSE:GMS opened at $75.29 on Thursday. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. GMS Inc. has a 1-year low of $65.88 and a 1-year high of $105.54. The stock’s 50-day moving average is $78.72 and its 200-day moving average is $87.12. The stock has a market cap of $2.89 billion, a P/E ratio of 13.84 and a beta of 1.73.

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

Hedge Funds Weigh In On GMS

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on GMS. Robert W. Baird dropped their price objective on GMS from $110.00 to $93.00 and set an “outperform” rating for the company in a report on Friday, March 7th. Truist Financial cut their price objective on shares of GMS from $97.00 to $80.00 and set a “hold” rating for the company in a research report on Friday, March 7th. DA Davidson decreased their price objective on shares of GMS from $94.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Royal Bank of Canada lowered their target price on GMS from $82.00 to $65.00 and set a “sector perform” rating for the company in a research note on Friday, March 7th. Finally, Barclays reduced their price target on shares of GMS from $80.00 to $71.00 and set an “equal weight” rating on the stock in a research note on Monday, March 10th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $80.50.

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.