Coliseum Capital Management, L Sells 179,133 Shares of GMS Inc. (NYSE:GMS) Stock

GMS Inc. (NYSE:GMS - Get Free Report) major shareholder Coliseum Capital Management, L sold 179,133 shares of the company's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $110.05, for a total transaction of $19,713,586.65. Following the completion of the transaction, the insider directly owned 3,646,018 shares of the company's stock, valued at approximately $401,244,280.90. The trade was a 4.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own at least 10% 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 shares were sold at an average price of $110.05, for a total value of $6,046,587.20.
• On Tuesday, July 15th, Coliseum Capital Management, L sold 104,550 shares of GMS stock. The shares were sold at an average price of $110.06, for a total value of $11,506,773.00.

GMS Stock Performance

Shares of GMS stock traded down $0.11 on Friday, reaching $109.85. The stock had a trading volume of 1,107,545 shares, compared to its average volume of 581,969. The company has a quick ratio of 1.17, a current ratio of 1.91 and a debt-to-equity ratio of 0.85. The firm's 50-day moving average is $88.43 and its two-hundred day moving average is $81.29. 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 12 month low of $65.77 and a 12 month high of $110.49.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Truist Financial lifted their target price on GMS from $105.00 to $110.00 and gave the company a "hold" rating in a research report on Tuesday, July 1st. Stephens cut shares of GMS from a "strong-buy" rating to a "hold" rating and set a $95.00 price target on the stock. in a research report on Friday, June 27th. Barclays boosted their price target on shares of GMS from $95.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. DA Davidson boosted their price target on shares of GMS from $95.20 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Finally, Loop Capital boosted their price target on shares of GMS from $95.00 to $110.00 and gave the stock a "hold" rating in a research report on Tuesday, July 1st. Ten analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $101.11.

Institutional Investors Weigh In On GMS

A number of institutional investors and hedge funds have recently modified their holdings of GMS. FMR LLC raised its holdings in shares of GMS by 38.7% in the 4th 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 period. Coliseum Capital Management LLC raised its holdings in shares of GMS by 81.9% in the 1st quarter. Coliseum Capital Management LLC now owns 3,437,488 shares of the company's stock valued at $251,521,000 after purchasing an additional 1,547,999 shares during the period. Westwood Holdings Group Inc. raised its holdings in GMS by 29.4% in the 1st quarter. Westwood Holdings Group Inc. now owns 933,262 shares of the company's stock valued at $68,287,000 after acquiring an additional 212,128 shares during the period. Goldman Sachs Group Inc. raised its holdings in GMS by 105.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 373,738 shares of the company's stock valued at $27,346,000 after acquiring an additional 191,737 shares during the period. Finally, American Century Companies Inc. raised its holdings in GMS by 12.9% in the 1st quarter. American Century Companies Inc. now owns 1,660,194 shares of the company's stock valued at $121,476,000 after acquiring an additional 189,760 shares during the period. 95.28% of the stock is owned by institutional investors.

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.