Insider Selling: GMS Inc. (NYSE:GMS) Director Sells 12,474 Shares of Stock

GMS Inc. (NYSE:GMS - Get Free Report) Director Theron I. Gilliam sold 12,474 shares of GMS stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $73.46, for a total transaction of $916,340.04. Following the sale, the director now owns 31,507 shares of the company's stock, valued at approximately $2,314,504.22. This represents a 28.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

GMS Trading Down 4.0 %

Shares of NYSE GMS traded down $2.89 during midday trading on Monday, reaching $69.28. The stock had a trading volume of 781,757 shares, compared to its average volume of 412,453. GMS Inc. has a twelve month low of $65.88 and a twelve month high of $105.54. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23. The company's 50 day moving average price is $77.93 and its 200 day moving average price is $86.68. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 12.74 and a beta of 1.62.

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. UBS Group set a $80.00 price target on GMS in a research report on Friday, March 7th. Loop Capital cut their price target on shares of GMS from $93.00 to $80.00 and set a "hold" rating on the stock in a research note on Monday, March 10th. Barclays lowered their price objective on shares of GMS from $80.00 to $71.00 and set an "equal weight" rating for the company in a research report on Monday, March 10th. Truist Financial cut their price objective on shares of GMS from $97.00 to $80.00 and set a "hold" rating on the stock in a research report on Friday, March 7th. Finally, DA Davidson dropped their price target on GMS from $94.00 to $80.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $80.50.

Institutional Trading of GMS

Several institutional investors and hedge funds have recently made changes to their positions in GMS. AlphaQuest LLC grew its stake in GMS by 1,710.5% in the 4th quarter. AlphaQuest LLC now owns 344 shares of the company's stock valued at $29,000 after purchasing an additional 325 shares during the period. Canada Pension Plan Investment Board bought a new position in GMS during the fourth quarter valued at about $34,000. Blue Trust Inc. increased its holdings in GMS by 71.3% during the fourth quarter. Blue Trust Inc. now owns 685 shares of the company's stock worth $62,000 after buying an additional 285 shares during the last quarter. Versant Capital Management Inc increased its holdings in GMS by 170.5% during the first quarter. Versant Capital Management Inc now owns 706 shares of the company's stock worth $52,000 after buying an additional 445 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in GMS by 246.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company's stock worth $84,000 after acquiring an additional 705 shares during the period. Hedge funds and other institutional investors own 95.28% of the company's stock.

About GMS

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.