GMS Inc. (NYSE:GMS) COO George T. Hendren Sells 4,463 Shares

GMS Inc. (NYSE:GMSGet Rating) COO George T. Hendren sold 4,463 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $51.21, for a total value of $228,550.23. Following the completion of the sale, the chief operating officer now owns 23,437 shares of the company’s stock, valued at $1,200,208.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

GMS Stock Down 1.0 %

NYSE:GMS opened at $49.18 on Tuesday. The company has a quick ratio of 1.43, a current ratio of 2.30 and a debt-to-equity ratio of 1.05. The stock’s fifty day moving average is $44.45 and its two-hundred day moving average is $46.86. GMS Inc. has a 52 week low of $36.10 and a 52 week high of $61.79. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 7.12 and a beta of 1.87.

GMS (NYSE:GMSGet Rating) last released its quarterly earnings results on Thursday, September 1st. The company reported $2.43 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.16. GMS had a return on equity of 34.71% and a net margin of 6.09%. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the firm earned $1.67 earnings per share. The firm’s revenue was up 30.5% compared to the same quarter last year. Research analysts anticipate that GMS Inc. will post 8.25 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of GMS by 2.4% during the third quarter. BlackRock Inc. now owns 6,909,372 shares of the company’s stock worth $276,444,000 after acquiring an additional 163,593 shares during the period. Coliseum Capital Management LLC increased its position in shares of GMS by 3.3% during the third quarter. Coliseum Capital Management LLC now owns 6,336,573 shares of the company’s stock worth $253,526,000 after acquiring an additional 205,000 shares during the period. Vanguard Group Inc. increased its position in shares of GMS by 3.0% during the third quarter. Vanguard Group Inc. now owns 5,242,989 shares of the company’s stock worth $209,773,000 after acquiring an additional 154,926 shares during the period. Dimensional Fund Advisors LP increased its position in shares of GMS by 1.7% during the third quarter. Dimensional Fund Advisors LP now owns 2,375,431 shares of the company’s stock worth $95,041,000 after acquiring an additional 39,363 shares during the period. Finally, American Century Companies Inc. increased its position in shares of GMS by 41.6% during the first quarter. American Century Companies Inc. now owns 1,530,405 shares of the company’s stock worth $76,168,000 after acquiring an additional 449,795 shares during the period. 98.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GMS has been the topic of a number of recent analyst reports. Robert W. Baird decreased their price objective on GMS to $56.00 in a report on Thursday, October 20th. Truist Financial cut GMS from a “buy” rating to a “hold” rating and decreased their price objective for the company from $50.00 to $46.00 in a report on Wednesday, September 7th. Finally, StockNews.com cut GMS from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 10th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $56.83.

GMS Company Profile

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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.

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Insider Buying and Selling by Quarter for GMS (NYSE:GMS)

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