GMS Inc. (NYSE:GMS) COO George T. Hendren Sells 5,000 Shares

GMS Inc. (NYSE:GMS - Get Free Report) COO George T. Hendren sold 5,000 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $108.23, for a total transaction of $541,150.00. Following the sale, the chief operating officer directly owned 23,950 shares in the company, valued at $2,592,108.50. The trade was a 17.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

GMS Price Performance

Shares of NYSE GMS traded up $0.64 during midday trading on Thursday, hitting $109.70. 2,775,791 shares of the company's stock were exchanged, compared to its average volume of 523,621. 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 business's fifty day moving average price is $81.23 and its two-hundred day moving average price is $79.68. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 37.96 and a beta of 1.71. GMS Inc. has a 12-month low of $65.77 and a 12-month high of $110.01.

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, beating the consensus estimate of $1.11 by $0.18. GMS had a net margin of 2.09% and a return on equity of 16.97%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the business posted $1.93 earnings per share. GMS's revenue for the quarter was down 5.6% on a year-over-year basis. As a group, research analysts forecast that GMS Inc. will post 7.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GMS. DA Davidson lifted their price target on GMS from $95.20 to $110.00 and gave the company a "neutral" rating in a research report on Tuesday. Truist Financial lifted their target price on GMS from $105.00 to $110.00 and gave the company a "hold" rating in a report on Tuesday. Barclays increased their price target on shares of GMS from $95.00 to $110.00 and gave the stock an "equal weight" rating in a report on Tuesday. Loop Capital raised their price objective on shares of GMS from $95.00 to $110.00 and gave the company a "hold" rating in a research report on Tuesday. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $95.00 target price (up previously from $93.00) on shares of GMS in a report on Monday, June 23rd. Ten research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $101.11.

Institutional Trading of GMS

Several institutional investors and hedge funds have recently made changes to their positions in the stock. AlphaQuest LLC increased its stake 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 acquiring an additional 325 shares during the last quarter. Eukles Asset Management bought a new position in shares of GMS during the 1st quarter valued at about $33,000. Canada Pension Plan Investment Board bought a new position in shares of GMS during the 4th quarter valued at about $34,000. Brooklyn Investment Group purchased a new position in shares of GMS during the 1st quarter valued at about $47,000. Finally, Versant Capital Management Inc lifted its position in GMS by 170.5% in the 1st quarter. Versant Capital Management Inc now owns 706 shares of the company's stock worth $52,000 after buying an additional 445 shares during the last quarter. Hedge funds and other institutional investors own 95.28% of the company's stock.

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.