GMS Inc. (NYSE:GMS - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 2,034,520 shares were traded during trading, an increase of 260% from the previous session's volume of 565,203 shares.The stock last traded at $110.04 and had previously closed at $110.05.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. Robert W. Baird reiterated a "neutral" rating and issued a $95.00 price objective (up previously from $93.00) on shares of GMS in a research note on Monday, June 23rd. Loop Capital lifted their price objective on GMS from $95.00 to $110.00 and gave the company a "hold" rating in a research note on Tuesday, July 1st. Royal Bank Of Canada lifted their price objective on GMS from $95.20 to $110.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 1st. Truist Financial lifted their price objective on GMS from $105.00 to $110.00 and gave the company a "hold" rating in a research note on Tuesday, July 1st. Finally, Stephens cut GMS from a "strong-buy" rating to a "hold" rating and set a $95.00 price objective for the company. in a research note on Friday, June 27th. Ten equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, GMS currently has a consensus rating of "Hold" and an average target price of $101.11.
Read Our Latest Report on GMS
GMS Price Performance
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 company has a 50-day moving average price of $87.74 and a 200-day moving average price of $81.12. The firm has a market capitalization of $4.19 billion, a PE ratio of 38.08 and a beta of 1.71.
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, topping analysts' consensus estimates of $1.11 by $0.18. The company 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 company's quarterly revenue was down 5.6% compared to the same quarter last year. During the same period last year, the business posted $1.93 EPS. Sell-side analysts forecast that GMS Inc. will post 7.26 EPS for the current year.
Insider Transactions at GMS
In related news, major shareholder Coliseum Capital Management, L sold 179,133 shares of the firm's stock in a transaction dated 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 sale, the insider directly owned 3,646,018 shares in the company, valued at approximately $401,244,280.90. This trade represents a 4.68% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO George T. Hendren sold 5,000 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $108.23, for a total value of $541,150.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 343,627 shares of company stock worth $37,808,097. Company insiders own 1.90% of the company's stock.
Institutional Investors Weigh In On GMS
Several hedge funds have recently modified their holdings of GMS. FMR LLC grew its stake in GMS by 38.7% during 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 in the last quarter. Coliseum Capital Management LLC grew its stake in GMS by 81.9% during 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 in the last quarter. Westwood Holdings Group Inc. grew its stake in GMS by 29.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 933,262 shares of the company's stock valued at $68,287,000 after purchasing an additional 212,128 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in 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 purchasing an additional 191,737 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in GMS by 12.9% during the 1st quarter. American Century Companies Inc. now owns 1,660,194 shares of the company's stock valued at $121,476,000 after purchasing an additional 189,760 shares in the last quarter. 95.28% of the stock is currently owned by hedge funds and other institutional investors.
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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