GMS Inc (NYSE:GMS) CEO G Michael Callahan, Jr. sold 12,500 shares of GMS stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $37.14, for a total value of $464,250.00. Following the sale, the chief executive officer now directly owns 528,418 shares in the company, valued at $19,625,444.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of GMS Inc (NYSE:GMS) opened at $37.72 on Thursday. The company has a quick ratio of 1.70, a current ratio of 2.62 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $1,550.00 and a PE ratio of 28.36. GMS Inc has a fifty-two week low of $27.20 and a fifty-two week high of $39.98.

GMS (NYSE:GMS) last announced its quarterly earnings data on Thursday, December 7th. The company reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). The firm had revenue of $648.00 million during the quarter, compared to the consensus estimate of $662.03 million. GMS had a net margin of 2.26% and a return on equity of 14.24%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 earnings per share. equities analysts anticipate that GMS Inc will post 1.99 EPS for the current year.

A number of analysts have recently issued reports on the company. Robert W. Baird reaffirmed a “buy” rating and set a $37.00 target price on shares of GMS in a research report on Monday, October 9th. Wells Fargo & Co assumed coverage on GMS in a research report on Wednesday, October 18th. They set a “market perform” rating and a $38.00 target price on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $39.00 target price on shares of GMS in a research report on Tuesday, October 10th. Barclays set a $43.00 target price on GMS and gave the stock a “buy” rating in a research report on Friday, December 8th. Finally, Zacks Investment Research raised GMS from a “sell” rating to a “hold” rating in a research report on Monday, September 4th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. GMS presently has a consensus rating of “Buy” and an average target price of $39.63.

A number of institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its holdings in shares of GMS by 1,659.1% during the second quarter. The Manufacturers Life Insurance Company now owns 827,403 shares of the company’s stock valued at $23,250,000 after purchasing an additional 780,368 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in shares of GMS during the third quarter valued at approximately $16,433,000. Davidson Kempner Capital Management LP bought a new position in shares of GMS during the third quarter valued at approximately $15,930,000. Vanguard Group Inc. grew its holdings in shares of GMS by 17.2% during the second quarter. Vanguard Group Inc. now owns 2,312,282 shares of the company’s stock valued at $64,976,000 after purchasing an additional 339,051 shares during the last quarter. Finally, Koch Industries Inc. bought a new position in shares of GMS during the second quarter valued at approximately $324,000. 59.25% of the stock is owned by hedge funds and other institutional investors.

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GMS Company Profile

GMS Inc is a distributor of wallboard and suspended ceilings systems, or ceilings. The Company provides a product offering of over 20,000 stock keeping units (SKUs) of wallboard, ceilings and complementary interior construction products for interior contractors. It offers steel framing and ancillary products for its customers.

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

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