GMS Inc. (NYSE:GMS) CEO G Michael Callahan, Jr. sold 12,500 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $34.52, for a total transaction of $431,500.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

GMS Inc. (GMS) remained flat at $34.58 during trading on Tuesday. The stock had a trading volume of 287,599 shares. The firm’s 50-day moving average is $34.73 and its 200-day moving average is $34.73. GMS Inc. has a 1-year low of $20.51 and a 1-year high of $36.99. The stock has a market capitalization of $1.42 billion, a PE ratio of 26.48 and a beta of 3.39.

GMS (NYSE:GMS) last released its quarterly earnings results on Wednesday, September 6th. The company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. GMS had a return on equity of 14.13% and a net margin of 2.28%. The company had revenue of $642.20 million during the quarter, compared to analysts’ expectations of $645.19 million. During the same period last year, the business posted $0.46 earnings per share. The firm’s revenue was up 16.8% compared to the same quarter last year. On average, equities research analysts anticipate that GMS Inc. will post $2.01 EPS for the current year.

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A number of institutional investors have recently added to or reduced their stakes in the business. American International Group Inc. raised its stake in GMS by 7.0% in the first quarter. American International Group Inc. now owns 4,377 shares of the company’s stock valued at $153,000 after buying an additional 288 shares during the last quarter. Bank of America Corp DE raised its stake in GMS by 0.3% in the first quarter. Bank of America Corp DE now owns 161,291 shares of the company’s stock valued at $5,651,000 after buying an additional 489 shares during the last quarter. Sei Investments Co. raised its stake in GMS by 7.1% in the second quarter. Sei Investments Co. now owns 15,073 shares of the company’s stock valued at $424,000 after buying an additional 1,005 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in GMS by 0.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 376,000 shares of the company’s stock valued at $10,565,000 after buying an additional 1,325 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in GMS by 9.0% in the first quarter. Goldman Sachs Group Inc. now owns 29,614 shares of the company’s stock valued at $1,038,000 after buying an additional 2,436 shares during the last quarter. Institutional investors own 55.92% of the company’s stock.

A number of brokerages have recently commented on GMS. Wells Fargo & Company began coverage on shares of GMS in a report on Wednesday, October 18th. They set a “market perform” rating and a $38.00 target price on the stock. Royal Bank Of Canada restated a “buy” rating and set a $39.00 target price on shares of GMS in a report on Tuesday, October 10th. Robert W. Baird restated a “buy” rating and set a $37.00 target price on shares of GMS in a report on Monday, October 9th. Zacks Investment Research upgraded shares of GMS from a “sell” rating to a “hold” rating in a report on Monday, September 4th. Finally, Stephens dropped their target price on shares of GMS from $40.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday, July 3rd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. GMS currently has a consensus rating of “Buy” and a consensus target price of $36.83.

About GMS

GMS Inc is a distributor of wallboard and suspended ceilings systems, or ceilings. The Company provides a product offering of over 20,000 stock keeping units (SKUs) of wallboard, ceilings and complementary interior construction products for interior contractors. It offers steel framing and ancillary products for its customers.

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