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

GMS Inc. (NYSE:GMS) Director Theron I. Gilliam sold 12,474 shares of the firm’s 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 completion of the transaction, the director now directly owns 31,507 shares in the company, valued at approximately $2,314,504.22. The trade was a 28.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

GMS Trading Up 2.1 %

Shares of GMS stock traded up $1.55 on Wednesday, hitting $75.29. 279,548 shares of the stock traded hands, compared to its average volume of 409,787. 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 twelve month low of $65.88 and a twelve month high of $105.54. The firm’s 50-day moving average price is $78.92 and its two-hundred day moving average price is $87.20. The stock has a market capitalization of $2.89 billion, a PE ratio of 13.84 and a beta of 1.73.

GMS (NYSE:GMS) last posted its earnings results on Thursday, March 6th. The company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.47). The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.29 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. As a group, analysts anticipate that GMS Inc. will post 7.26 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC grew its stake in GMS by 374.0% during the 3rd quarter. Barclays PLC now owns 70,580 shares of the company’s stock worth $6,392,000 after purchasing an additional 55,690 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of GMS by 246.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company’s stock worth $84,000 after buying an additional 705 shares in the last quarter. Vestcor Inc increased its stake in shares of GMS by 71.5% during the third quarter. Vestcor Inc now owns 14,330 shares of the company’s stock worth $1,298,000 after buying an additional 5,972 shares during the period. Rockefeller Capital Management L.P. raised its holdings in GMS by 61.1% in the third quarter. Rockefeller Capital Management L.P. now owns 37,359 shares of the company’s stock valued at $3,384,000 after acquiring an additional 14,174 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in GMS by 42.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 110,304 shares of the company’s stock worth $9,357,000 after acquiring an additional 33,123 shares during the last quarter. Hedge funds and other institutional investors own 95.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. UBS Group set a $80.00 price target on shares of GMS in a research note on Friday, March 7th. Royal Bank of Canada decreased their price target on shares of GMS from $82.00 to $65.00 and set a “sector perform” rating for the company in a report on Friday, March 7th. Barclays cut their target price on GMS from $80.00 to $71.00 and set an “equal weight” rating on the stock in a research report on Monday, March 10th. Truist Financial dropped their price target on GMS from $97.00 to $80.00 and set a “hold” rating on the stock in a research note on Friday, March 7th. Finally, DA Davidson cut their price objective on GMS from $94.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $80.50.

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.