GMS Inc. (NYSE:GMS) Major Shareholder Sells $11,506,773.00 in Stock

GMS Inc. (NYSE:GMS - Get Free Report) major shareholder Coliseum Capital Management, L sold 104,550 shares of GMS stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $110.06, for a total transaction of $11,506,773.00. Following the transaction, the insider owned 3,541,468 shares of the company's stock, valued at $389,773,968.08. This represents a 2.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases 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 stock was sold at an average price of $110.05, for a total transaction 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 Performance

Shares of NYSE GMS traded down $0.11 during mid-day trading on Friday, reaching $109.85. 1,107,545 shares of the company's stock were exchanged, compared to its average volume of 581,969. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of 38.01 and a beta of 1.71. GMS Inc. has a 52 week low of $65.77 and a 52 week high of $110.49. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.91 and a quick ratio of 1.17. The firm has a 50-day moving average price of $88.43 and a two-hundred day moving average price of $81.29.

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on GMS shares. Royal Bank Of Canada raised their target price on GMS from $95.20 to $110.00 and gave the company a "sector perform" rating in a report on Tuesday, July 1st. Raymond James Financial lowered GMS from an "outperform" rating to a "market perform" rating in a research report on Wednesday, June 25th. Baird R W cut GMS from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 23rd. Truist Financial upped their target price on shares of GMS from $105.00 to $110.00 and gave the stock a "hold" rating in a research note on Tuesday, July 1st. Finally, Barclays increased their target price on shares of GMS from $95.00 to $110.00 and gave the company an "equal weight" rating in a report on Tuesday, July 1st. Ten research analysts have rated the stock with a hold rating, According to MarketBeat, GMS has a consensus rating of "Hold" and a consensus target price of $101.11.

Institutional Investors Weigh In On GMS

Several large investors have recently modified their holdings of the stock. FMR LLC lifted its stake in GMS by 38.7% in the fourth quarter. FMR LLC now owns 5,868,782 shares of the company's stock valued at $497,849,000 after purchasing an additional 1,636,612 shares during the last quarter. Coliseum Capital Management LLC increased its position in GMS by 81.9% in the first quarter. Coliseum Capital Management LLC now owns 3,437,488 shares of the company's stock worth $251,521,000 after buying an additional 1,547,999 shares during the last quarter. Westwood Holdings Group Inc. raised its stake in shares of GMS by 29.4% in the first quarter. Westwood Holdings Group Inc. now owns 933,262 shares of the company's stock valued at $68,287,000 after buying an additional 212,128 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of GMS by 105.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 373,738 shares of the company's stock valued at $27,346,000 after buying an additional 191,737 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of GMS by 12.9% during the 1st quarter. American Century Companies Inc. now owns 1,660,194 shares of the company's stock worth $121,476,000 after acquiring an additional 189,760 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.