Coliseum Capital Management, L Sells 54,944 Shares of GMS Inc. (NYSE:GMS) Stock

GMS Inc. (NYSE:GMS - Get Free Report) major shareholder Coliseum Capital Management, L sold 54,944 shares of GMS stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $110.05, for a total value of $6,046,587.20. Following the sale, the insider owned 3,486,524 shares of the company's stock, valued at approximately $383,691,966.20. This represents a 1.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more 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 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.
• 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 Trading Down 0.1%

NYSE GMS traded down $0.11 during trading on Friday, hitting $109.85. The stock had a trading volume of 1,107,545 shares, compared to its average volume of 583,983. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.17 and a current ratio of 1.91. The stock 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 one year low of $65.77 and a one year high of $110.28. The stock has a 50 day simple moving average of $89.12 and a 200 day simple moving average of $81.42.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on GMS shares. Royal Bank Of Canada raised 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. Raymond James Financial lowered GMS from an "outperform" rating to a "market perform" rating in a research report on Wednesday, June 25th. Loop Capital increased their price target on GMS from $95.00 to $110.00 and gave the stock a "hold" rating in a report on Tuesday, July 1st. DA Davidson increased their price objective on GMS from $95.20 to $110.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. Finally, Truist Financial increased their price target on GMS from $105.00 to $110.00 and gave the company a "hold" rating in a research report on Tuesday, July 1st. Ten investment analysts have rated the stock with a hold rating, According to data from MarketBeat, GMS currently has a consensus rating of "Hold" and an average price target of $101.11.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GMS. AlphaQuest LLC raised its position in shares of GMS by 1,710.5% in the fourth quarter. AlphaQuest LLC now owns 344 shares of the company's stock worth $29,000 after acquiring an additional 325 shares during the period. Eukles Asset Management acquired a new position in shares of GMS in the first quarter worth about $33,000. Canada Pension Plan Investment Board acquired a new position in shares of GMS in the fourth quarter worth about $34,000. Brooklyn Investment Group acquired a new position in shares of GMS in the first quarter worth about $47,000. Finally, Versant Capital Management Inc raised its position in shares of GMS by 170.5% in the first quarter. Versant Capital Management Inc now owns 706 shares of the company's stock worth $52,000 after acquiring an additional 445 shares during the period. 95.28% of the stock is currently owned by institutional investors and hedge funds.

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.