GMS Inc. (NYSE:GMS - Get Free Report) COO George T. Hendren sold 5,000 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $102.13, for a total value of $510,650.00. Following the sale, the chief operating officer now owns 23,772 shares of the company's stock, valued at $2,427,834.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
GMS Trading Down 1.7 %
Shares of GMS opened at $101.43 on Wednesday. GMS Inc. has a one year low of $62.58 and a one year high of $103.56. The stock has a 50-day moving average price of $90.99 and a 200 day moving average price of $90.24. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.45 and a current ratio of 2.31. The company has a market capitalization of $3.98 billion, a P/E ratio of 16.74 and a beta of 1.68.
GMS (NYSE:GMS - Get Free Report) last released its earnings results on Thursday, August 29th. The company reported $1.93 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.21). The business had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.48 billion. GMS had a net margin of 4.45% and a return on equity of 22.02%. The business's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.40 earnings per share. Sell-side analysts forecast that GMS Inc. will post 7.95 EPS for the current fiscal year.
Institutional Investors Weigh In On GMS
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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP raised its stake in GMS by 49.3% during the first quarter. Quantbot Technologies LP now owns 5,341 shares of the company's stock valued at $520,000 after buying an additional 1,764 shares in the last quarter. SG Americas Securities LLC increased its stake in GMS by 62.9% during the first quarter. SG Americas Securities LLC now owns 4,034 shares of the company's stock valued at $393,000 after purchasing an additional 1,557 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of GMS during the first quarter worth $295,000. QRG Capital Management Inc. lifted its position in shares of GMS by 2.0% in the 1st quarter. QRG Capital Management Inc. now owns 8,070 shares of the company's stock worth $786,000 after buying an additional 160 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of GMS by 4.9% in the 1st quarter. ProShare Advisors LLC now owns 8,075 shares of the company's stock valued at $786,000 after buying an additional 377 shares during the period. Institutional investors own 95.28% of the company's stock.
Analyst Ratings Changes
A number of research analysts have weighed in on GMS shares. Barclays reduced their price target on shares of GMS from $81.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Monday, September 9th. Robert W. Baird upped their price target on shares of GMS from $96.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Truist Financial cut their price objective on GMS from $95.00 to $90.00 and set a "hold" rating on the stock in a research report on Friday, August 30th. Finally, StockNews.com downgraded GMS from a "buy" rating to a "hold" rating in a research report on Monday, September 2nd. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $91.50.
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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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