GMS Inc. (NYSE:GMS - Get Free Report)'s share price reached a new 52-week high on Monday . The stock traded as high as $110.28 and last traded at $110.11, with a volume of 342382 shares. The stock had previously closed at $109.38.
Analyst Ratings Changes
Several research firms have recently weighed in on GMS. Raymond James Financial lowered shares of GMS from an "outperform" rating to a "market perform" rating in a research note on Wednesday, June 25th. Stephens lowered shares of GMS from a "strong-buy" rating to a "hold" rating and set a $95.00 price objective on the stock. in a research note on Friday, June 27th. Truist Financial boosted their price objective 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. DA Davidson boosted their price objective on shares of GMS from $95.20 to $110.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. Finally, Royal Bank Of Canada upped their price target on shares of GMS from $95.20 to $110.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 1st. Ten research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $101.11.
View Our Latest Stock Report on GMS
GMS Trading Up 0.0%
The business has a fifty day moving average price of $87.74 and a 200-day moving average price of $81.12. The company has a market cap of $4.19 billion, a P/E ratio of 38.09 and a beta of 1.71. The company has a quick ratio of 1.17, a current ratio of 1.91 and a debt-to-equity ratio of 0.85.
GMS (NYSE:GMS - Get Free Report) last announced its earnings results 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. GMS had a net margin of 2.09% and a return on equity of 16.97%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the business posted $1.93 EPS. The business's revenue was down 5.6% compared to the same quarter last year. On average, analysts forecast that GMS Inc. will post 7.26 earnings per share for the current year.
Insider Buying and Selling
In other GMS news, major shareholder Coliseum Capital Management, L sold 179,133 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $110.05, for a total transaction of $19,713,586.65. Following the transaction, the insider owned 3,646,018 shares in the company, 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 this hyperlink. Also, COO George T. Hendren sold 5,000 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $108.23, for a total transaction of $541,150.00. Following the transaction, the chief operating officer owned 23,950 shares in the company, valued at approximately $2,592,108.50. The trade was a 17.27% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 343,627 shares of company stock worth $37,808,097. Company insiders own 1.90% of the company's stock.
Institutional Trading of GMS
Several large investors have recently made changes to their positions in GMS. Raymond James Financial Inc. acquired a new stake in shares of GMS during the 4th quarter worth approximately $1,547,000. PNC Financial Services Group Inc. boosted its position in GMS by 7.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,936 shares of the company's stock valued at $249,000 after buying an additional 211 shares in the last quarter. AlphaQuest LLC boosted its position in 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. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in GMS by 19.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,914 shares of the company's stock valued at $926,000 after buying an additional 1,811 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new stake in GMS in the fourth quarter valued at approximately $313,000. Institutional investors and hedge funds own 95.28% of the company's stock.
About GMS
(
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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.
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