G Michael Callahan, Jr. Sells 12,500 Shares of GMS Inc (GMS) Stock
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.
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