GMS Inc. (NYSE:GMS) Director Theron I. Gilliam Sells 12,474 Shares

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

GMS Stock Up 1.3 %

Shares of NYSE:GMS traded up $0.94 during mid-day trading on Friday, hitting $72.02. 623,284 shares of the company traded hands, compared to its average volume of 410,742. The stock has a market cap of $2.76 billion, a P/E ratio of 13.24 and a beta of 1.62. The stock has a 50-day moving average price of $78.25 and a two-hundred day moving average price of $86.89. GMS Inc. has a 12-month low of $65.88 and a 12-month 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.

GMS (NYSE:GMS - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported $0.92 EPS for the quarter, missing the consensus estimate 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 analysts' expectations of $1.29 billion. On average, equities research analysts forecast that GMS Inc. will post 7.26 earnings per share for the current year.

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Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On GMS

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