GMS Inc. (NYSE:GMS - Get Free Report) CEO John C. Turner, Jr. bought 3,650 shares of the company's stock in a transaction on Monday, April 7th. The shares were bought at an average price of $70.00 per share, with a total value of $255,500.00. Following the completion of the transaction, the chief executive officer now owns 66,928 shares of the company's stock, valued at $4,684,960. The trade was a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
GMS Stock Performance
NYSE:GMS opened at $66.59 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23. GMS Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $105.54. The firm has a market cap of $2.56 billion, a PE ratio of 12.24 and a beta of 1.62. The business has a 50 day moving average price of $77.19 and a 200-day moving average price of $86.38.
GMS (NYSE:GMS - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.39 by ($0.47). GMS had a return on equity of 20.67% and a net margin of 3.92%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.29 billion. Equities research analysts predict that GMS Inc. will post 7.26 earnings per share for the current year.
Institutional Trading of GMS
Several large investors have recently modified their holdings of the business. AlphaQuest LLC lifted its holdings in GMS by 1,710.5% in the 4th quarter. AlphaQuest LLC now owns 344 shares of the company's stock worth $29,000 after buying an additional 325 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of GMS during the fourth quarter valued at approximately $34,000. Versant Capital Management Inc lifted its stake in GMS by 170.5% in the first quarter. Versant Capital Management Inc now owns 706 shares of the company's stock worth $52,000 after acquiring an additional 445 shares during the period. Blue Trust Inc. boosted its holdings in GMS by 71.3% in the fourth quarter. Blue Trust Inc. now owns 685 shares of the company's stock valued at $62,000 after acquiring an additional 285 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in GMS by 246.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 991 shares of the company's stock valued at $84,000 after purchasing an additional 705 shares during the period. 95.28% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the stock. Royal Bank of Canada cut their target price on shares of GMS from $82.00 to $65.00 and set a "sector perform" rating for the company in a research report on Friday, March 7th. Truist Financial cut their price objective on GMS from $97.00 to $80.00 and set a "hold" rating for the company in a report on Friday, March 7th. DA Davidson dropped their target price on GMS from $94.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Robert W. Baird reduced their price target on shares of GMS from $110.00 to $93.00 and set an "outperform" rating on the stock in a research report on Friday, March 7th. Finally, UBS Group set a $80.00 price objective on shares of GMS in a report on Friday, March 7th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $80.50.
Read Our Latest Stock Report on GMS
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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