John C. Turner, Jr. Acquires 3,650 Shares of GMS Inc. (NYSE:GMS) Stock

GMS Inc. (NYSE:GMS - Get Free Report) CEO John C. Turner, Jr. acquired 3,650 shares of the business's stock in a transaction dated Monday, April 7th. The shares were acquired at an average cost of $70.00 per share, with a total value of $255,500.00. Following the transaction, the chief executive officer now owns 66,928 shares in the company, valued at approximately $4,684,960. This trade represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

GMS Stock Performance

Shares of GMS traded up $0.95 during mid-day trading on Friday, hitting $72.86. 349,263 shares of the company's stock were exchanged, compared to its average volume of 416,818. GMS Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $105.54. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. The business's 50 day moving average is $76.30 and its two-hundred day moving average is $85.94. The firm has a market capitalization of $2.80 billion, a P/E ratio of 13.39 and a beta of 1.62.

GMS (NYSE:GMS - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.92 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.47). GMS had a net margin of 3.92% and a return on equity of 20.67%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.29 billion. On average, equities analysts expect that GMS Inc. will post 7.26 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GMS. UBS Group set a $80.00 price objective on GMS in a research note on Friday, March 7th. Loop Capital reduced their price objective on shares of GMS from $93.00 to $80.00 and set a "hold" rating for the company in a research note on Monday, March 10th. Robert W. Baird lowered their target price on shares of GMS from $110.00 to $93.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. Truist Financial cut their price target on GMS from $97.00 to $80.00 and set a "hold" rating for the company in a research note on Friday, March 7th. Finally, Royal Bank of Canada dropped 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. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $80.50.

Hedge Funds Weigh In On GMS

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Janus Henderson Group PLC raised its stake in shares of GMS by 2.0% in the 3rd quarter. Janus Henderson Group PLC now owns 67,481 shares of the company's stock valued at $6,112,000 after purchasing an additional 1,345 shares in the last quarter. Quadrature Capital Ltd grew its stake in shares of GMS by 59.0% in the 3rd quarter. Quadrature Capital Ltd now owns 5,905 shares of the company's stock worth $535,000 after purchasing an additional 2,190 shares during the last quarter. Stifel Financial Corp bought a new position in shares of GMS in the third quarter valued at $222,000. XTX Topco Ltd purchased a new stake in shares of GMS during the third quarter valued at $1,437,000. Finally, Public Employees Retirement System of Ohio boosted its stake in GMS by 16.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 42,901 shares of the company's stock worth $3,886,000 after purchasing an additional 5,936 shares during the period. Institutional investors and hedge funds own 95.28% of the company's stock.

GMS Company Profile

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.