Insider Selling: GMS Inc. (NYSE:GMS) SVP Sells 20,000 Shares of Stock

GMS Inc. (NYSE:GMS) SVP Craig D. Apolinsky sold 20,000 shares of GMS stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $96.57, for a total value of $1,931,400.00. Following the completion of the transaction, the senior vice president now directly owns 10,360 shares in the company, valued at $1,000,465.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

GMS Trading Up 0.5 %

Shares of NYSE:GMS traded up $0.49 during trading on Thursday, hitting $97.34. 483,685 shares of the company’s stock were exchanged, compared to its average volume of 364,280. The firm has a 50-day moving average price of $88.92 and a two-hundred day moving average price of $75.63. The firm has a market cap of $3.87 billion, a P/E ratio of 13.57 and a beta of 1.72. GMS Inc. has a 1-year low of $52.00 and a 1-year high of $99.08. The company has a current ratio of 2.40, a quick ratio of 1.47 and a debt-to-equity ratio of 0.69.

GMS (NYSE:GMS) last issued its quarterly earnings data on Thursday, February 29th. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.01). The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. GMS had a net margin of 5.48% and a return on equity of 25.65%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.85 EPS. Equities analysts predict that GMS Inc. will post 8.35 earnings per share for the current year.

Analyst Ratings Changes

GMS has been the subject of several research reports. Royal Bank of Canada increased their target price on shares of GMS from $84.00 to $92.00 and gave the company a “sector perform” rating in a research note on Friday, March 1st. Barclays lifted their price objective on GMS from $75.00 to $93.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 5th. Truist Financial raised their target price on GMS from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. StockNews.com raised shares of GMS from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Finally, Robert W. Baird raised their price target on shares of GMS from $92.00 to $105.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, GMS currently has an average rating of “Moderate Buy” and an average price target of $89.63.

Institutional Trading of GMS

A number of large investors have recently bought and sold shares of GMS. Raymond James & Associates raised its stake in shares of GMS by 1.4% in the 1st quarter. Raymond James & Associates now owns 29,964 shares of the company’s stock valued at $1,491,000 after purchasing an additional 404 shares during the period. HighTower Advisors LLC acquired a new position in shares of GMS during the 1st quarter worth approximately $1,434,000. PNC Financial Services Group Inc. grew its stake in shares of GMS by 66.1% in the first quarter. PNC Financial Services Group Inc. now owns 4,781 shares of the company’s stock valued at $238,000 after buying an additional 1,902 shares in the last quarter. Bank of Montreal Can raised its position in GMS by 10.7% during the first quarter. Bank of Montreal Can now owns 14,191 shares of the company’s stock worth $759,000 after acquiring an additional 1,373 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its stake in GMS by 57.5% in the first quarter. MetLife Investment Management LLC now owns 23,173 shares of the company’s stock valued at $1,153,000 after acquiring an additional 8,460 shares during the last quarter. 95.28% of the stock is owned by institutional investors.

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.