GMS Inc. (NYSE:GMS) Major Shareholder Coliseum Capital Management, L Sells 104,550 Shares

GMS Inc. (NYSE:GMS - Get Free Report) major shareholder Coliseum Capital Management, L sold 104,550 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $110.06, for a total value of $11,506,773.00. Following the sale, the insider owned 3,541,468 shares of the company's stock, valued at approximately $389,773,968.08. This trade represents a 2.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

Coliseum Capital Management, L also recently made the following trade(s):

• On Wednesday, July 16th, Coliseum Capital Management, L sold 54,944 shares of GMS stock. The shares were sold at an average price of $110.05, for a total value of $6,046,587.20.
• On Monday, July 14th, Coliseum Capital Management, L sold 179,133 shares of GMS stock. The shares were sold at an average price of $110.05, for a total value of $19,713,586.65.

GMS Stock Down 0.1%

Shares of NYSE GMS traded down $0.11 during mid-day trading on Friday, hitting $109.85. The company had a trading volume of 1,107,545 shares, compared to its average volume of 583,983. The company has a market capitalization of $4.18 billion, a PE ratio of 38.01 and a beta of 1.71. The firm has a 50-day simple moving average of $89.12 and a two-hundred day simple moving average of $81.42. The company has a current ratio of 1.91, a quick ratio of 1.17 and a debt-to-equity ratio of 0.85. GMS Inc. has a one year low of $65.77 and a one year high of $110.28.

GMS (NYSE:GMS - Get Free Report) last posted its quarterly earnings results on Wednesday, June 18th. The company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.18. GMS had a return on equity of 16.97% and a net margin of 2.09%. The business had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter last year, the company posted $1.93 earnings per share. GMS's quarterly revenue was down 5.6% on a year-over-year basis. On average, equities analysts expect that GMS Inc. will post 7.26 EPS for the current year.

Institutional Investors Weigh In On GMS

A number of hedge funds and other institutional investors have recently made changes to their positions in GMS. Allspring Global Investments Holdings LLC grew its stake in shares of GMS by 51.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 8,116 shares of the company's stock worth $598,000 after buying an additional 2,753 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of GMS by 1.7% in the first quarter. Principal Financial Group Inc. now owns 224,048 shares of the company's stock worth $16,394,000 after purchasing an additional 3,799 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of GMS in the first quarter worth $442,000. Yousif Capital Management LLC grew its stake in shares of GMS by 1.0% in the first quarter. Yousif Capital Management LLC now owns 15,143 shares of the company's stock worth $1,108,000 after purchasing an additional 147 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of GMS by 38.3% in the first quarter. GAMMA Investing LLC now owns 801 shares of the company's stock worth $59,000 after purchasing an additional 222 shares during the last quarter. 95.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on GMS shares. Stephens cut GMS from a "strong-buy" rating to a "hold" rating and set a $95.00 target price on the stock. in a report on Friday, June 27th. Truist Financial lifted their price target on GMS from $105.00 to $110.00 and gave the company a "hold" rating in a report on Tuesday, July 1st. Royal Bank Of Canada boosted their target price on GMS from $95.20 to $110.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 1st. Robert W. Baird restated a "neutral" rating and issued a $95.00 target price (up previously from $93.00) on shares of GMS in a research note on Monday, June 23rd. Finally, DA Davidson boosted their price target on GMS from $95.20 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Ten analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $101.11.

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.