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

GMS Inc. (NYSE:GMS) COO George T. Hendren sold 5,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $102.13, for a total value of $510,650.00. Following the completion of the transaction, the chief operating officer now owns 23,772 shares of the company’s stock, valued at $2,427,834.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

GMS Trading Down 0.1 %

NYSE GMS opened at $101.34 on Thursday. The business has a 50 day simple moving average of $91.35 and a 200 day simple moving average of $90.31. GMS Inc. has a one year low of $64.28 and a one year high of $103.56. The stock has a market capitalization of $3.98 billion, a P/E ratio of 16.72 and a beta of 1.68. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.31 and a quick ratio of 1.45.

GMS (NYSE:GMS) last released its earnings results on Thursday, August 29th. The company reported $1.93 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.21). GMS had a return on equity of 22.02% and a net margin of 4.45%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the business earned $2.40 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. Research analysts expect that GMS Inc. will post 7.95 earnings per share for the current year.

Institutional Investors Weigh In On GMS

A number of hedge funds have recently added to or reduced their stakes in the company. Advantage Alpha Capital Partners LP grew its stake in GMS by 21.6% in the third quarter. Advantage Alpha Capital Partners LP now owns 35,845 shares of the company’s stock valued at $3,246,000 after acquiring an additional 6,378 shares during the period. FMR LLC grew its stake in GMS by 25.3% in the third quarter. FMR LLC now owns 4,232,170 shares of the company’s stock valued at $383,308,000 after acquiring an additional 854,987 shares during the period. Citigroup Inc. grew its stake in GMS by 61.8% in the third quarter. Citigroup Inc. now owns 49,733 shares of the company’s stock valued at $4,504,000 after acquiring an additional 18,998 shares during the period. Charles Schwab Investment Management Inc. grew its stake in GMS by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 594,051 shares of the company’s stock valued at $53,803,000 after acquiring an additional 2,674 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in GMS by 1.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 105,882 shares of the company’s stock valued at $9,590,000 after acquiring an additional 1,534 shares during the period. Institutional investors and hedge funds own 95.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Truist Financial lowered their price objective on GMS from $95.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Robert W. Baird raised their price objective on GMS from $96.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. StockNews.com downgraded GMS from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Finally, Barclays lowered their price objective on GMS from $81.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, September 9th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $91.50.

About GMS

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.