G Michael Callahan, Jr. Sells 33,333 Shares of GMS Inc (GMS) Stock

GMS Inc (NYSE:GMS) insider G Michael Callahan, Jr. sold 33,333 shares of GMS stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $32.17, for a total value of $1,072,322.61. Following the transaction, the insider now owns 461,752 shares in the company, valued at $14,854,561.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

GMS Inc (NYSE:GMS) traded up $0.07 on Tuesday, hitting $32.59. The company’s stock had a trading volume of 130,098 shares, compared to its average volume of 322,353. GMS Inc has a 1 year low of $27.20 and a 1 year high of $39.98. The firm has a market cap of $1,326.53, a P/E ratio of 24.32, a price-to-earnings-growth ratio of 2.29 and a beta of 1.42. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.62 and a quick ratio of 1.70.

GMS (NYSE:GMS) last released its quarterly earnings results on Thursday, December 7th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). GMS had a net margin of 2.26% and a return on equity of 14.24%. The firm had revenue of $648.00 million during the quarter, compared to analyst estimates of $662.03 million. During the same period in the prior year, the business earned $0.49 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. research analysts expect that GMS Inc will post 2.01 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GMS. The Manufacturers Life Insurance Company raised its stake in shares of GMS by 1,659.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 827,403 shares of the company’s stock valued at $23,250,000 after purchasing an additional 780,368 shares during the period. Citadel Advisors LLC raised its stake in shares of GMS by 141.4% in the 4th quarter. Citadel Advisors LLC now owns 974,060 shares of the company’s stock valued at $36,664,000 after purchasing an additional 570,485 shares during the period. Dimensional Fund Advisors LP acquired a new stake in shares of GMS in the 3rd quarter valued at about $16,433,000. Davidson Kempner Capital Management LP acquired a new stake in shares of GMS in the 3rd quarter valued at about $15,930,000. Finally, Copper Rock Capital Partners LLC raised its stake in shares of GMS by 47.4% in the 4th quarter. Copper Rock Capital Partners LLC now owns 1,165,143 shares of the company’s stock valued at $43,798,000 after purchasing an additional 374,438 shares during the period. 60.16% of the stock is currently owned by hedge funds and other institutional investors.

GMS has been the topic of several recent analyst reports. Zacks Investment Research upgraded GMS from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Wednesday, November 1st. SunTrust Banks reiterated a “buy” rating and set a $40.00 target price on shares of GMS in a report on Friday, November 10th. Barclays set a $46.00 target price on GMS and gave the stock a “buy” rating in a report on Sunday, January 7th. Royal Bank of Canada reiterated a “buy” rating and set a $46.00 target price on shares of GMS in a report on Friday, December 8th. Finally, ValuEngine lowered GMS from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $40.00.

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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.

Insider Buying and Selling by Quarter for GMS (NYSE:GMS)

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