GMS Inc. (NYSE:GMS) CFO H Douglas Goforth sold 102,282 shares of GMS stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $37.57, for a total transaction of $3,842,734.74. Following the sale, the chief financial officer now owns 82,563 shares of the company’s stock, valued at $3,101,891.91. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
H Douglas Goforth also recently made the following trade(s):
- On Thursday, November 30th, H Douglas Goforth sold 61,000 shares of GMS stock. The shares were sold at an average price of $37.27, for a total transaction of $2,273,470.00.
Shares of GMS Inc. (GMS) traded up $0.55 during trading on Monday, hitting $38.04. The company had a trading volume of 761,671 shares, compared to its average volume of 361,339. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.80 and a quick ratio of 1.82. GMS Inc. has a 1 year low of $25.01 and a 1 year high of $38.08. The firm has a market cap of $1,550.00 and a P/E ratio of 21.67.
GMS (NYSE:GMS) last issued its quarterly earnings data on Wednesday, September 6th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. GMS had a return on equity of 14.13% and a net margin of 2.28%. The firm had revenue of $642.20 million during the quarter, compared to the consensus estimate of $645.19 million. During the same period in the previous year, the firm posted $0.46 EPS. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. equities research analysts expect that GMS Inc. will post 2.01 earnings per share for the current fiscal year.
Several research analysts recently issued reports on the company. ValuEngine downgraded GMS from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research downgraded GMS from a “hold” rating to a “sell” rating in a research report on Tuesday, November 28th. SunTrust Banks restated a “buy” rating and set a $40.00 price objective on shares of GMS in a research report on Friday, November 10th. Wells Fargo & Company assumed coverage on GMS in a research report on Wednesday, October 18th. They set a “market perform” rating and a $38.00 price objective for the company. Finally, Royal Bank Of Canada restated a “buy” rating and set a $39.00 price objective on shares of GMS in a research report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. GMS currently has a consensus rating of “Buy” and an average price target of $37.38.
A number of hedge funds have recently added to or reduced their stakes in the business. Rubric Capital Management LP grew its stake in GMS by 48.9% in the 3rd quarter. Rubric Capital Management LP now owns 675,000 shares of the company’s stock worth $23,895,000 after acquiring an additional 221,546 shares during the period. GSA Capital Partners LLP purchased a new stake in GMS in the 3rd quarter worth approximately $755,000. California Public Employees Retirement System purchased a new stake in GMS in the 3rd quarter worth approximately $234,000. Davidson Kempner Capital Management LP purchased a new stake in GMS in the 3rd quarter worth approximately $15,930,000. Finally, Janney Capital Management LLC purchased a new stake in GMS in the 3rd quarter worth approximately $708,000. 59.34% of the stock is owned by hedge funds and other institutional investors.
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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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