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

GMS Inc. (NYSE:GMS) Director Theron I. Gilliam sold 12,474 shares of the business’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 value of $916,340.04. Following the sale, the director now directly owns 31,507 shares of the company’s stock, valued at $2,314,504.22. This represents a 28.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

GMS Stock Up 1.3 %

GMS opened at $72.02 on Friday. The company’s 50-day moving average price is $78.25 and its two-hundred day moving average price is $86.89. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97. GMS Inc. has a twelve month low of $65.88 and a twelve month high of $105.54. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 13.24 and a beta of 1.62.

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

Institutional Investors Weigh In On GMS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GMS. Barclays PLC boosted its position in GMS by 374.0% during the third quarter. Barclays PLC now owns 70,580 shares of the company’s stock worth $6,392,000 after purchasing an additional 55,690 shares during the period. Smartleaf Asset Management LLC boosted its holdings in 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 period. Vestcor Inc grew its stake in GMS by 71.5% in the 3rd quarter. Vestcor Inc now owns 14,330 shares of the company’s stock valued at $1,298,000 after buying an additional 5,972 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in GMS by 61.1% during the 3rd 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 during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of GMS by 42.9% during 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 in the last quarter. 95.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on GMS. Royal Bank of Canada decreased their price target on GMS from $82.00 to $65.00 and set a “sector perform” rating for the company in a report on Friday, March 7th. DA Davidson reduced their target price on shares of GMS from $94.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. UBS Group set a $80.00 price target on shares of GMS in a research report on Friday, March 7th. Barclays reduced 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. Finally, Robert W. Baird dropped their target price 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. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $80.50.

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.