Insider Selling: GMS Inc. (NYSE:GMS) Major Shareholder Sells 179,133 Shares of Stock

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

GMS Stock Down 0.1%

GMS traded down $0.11 on Friday, hitting $109.85. 1,107,545 shares of the company were exchanged, compared to its average volume of 583,983. GMS Inc. has a twelve month low of $65.77 and a twelve month high of $110.28. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 38.01 and a beta of 1.71. The company has a current ratio of 1.91, a quick ratio of 1.17 and a debt-to-equity ratio of 0.85. The firm has a 50-day moving average price of $89.12 and a two-hundred day moving average price of $81.42.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of GMS. AlphaQuest LLC boosted its stake in shares of GMS by 1,710.5% in the fourth quarter. AlphaQuest LLC now owns 344 shares of the company's stock valued at $29,000 after buying an additional 325 shares in the last quarter. Eukles Asset Management purchased a new stake in shares of GMS in the first quarter valued at approximately $33,000. Canada Pension Plan Investment Board purchased a new stake in shares of GMS in the fourth quarter valued at approximately $34,000. Brooklyn Investment Group purchased a new stake in shares of GMS in the first quarter valued at approximately $47,000. Finally, Versant Capital Management Inc boosted its stake in shares of GMS by 170.5% in the first quarter. Versant Capital Management Inc now owns 706 shares of the company's stock valued at $52,000 after buying an additional 445 shares in the last quarter. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Barclays upped their price objective on GMS from $95.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. Baird R W cut GMS from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 23rd. Loop Capital upped their price objective on GMS from $95.00 to $110.00 and gave the stock a "hold" rating in a research note on Tuesday, July 1st. DA Davidson increased their price target on GMS from $95.20 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Finally, Royal Bank Of Canada increased their price target on GMS from $95.20 to $110.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 1st. Ten analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price 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.