GMS Inc. (NYSE:GMS) SVP Craig D. Apolinsky Sells 20,000 Shares

GMS Inc. (NYSE:GMS) SVP Craig D. Apolinsky sold 20,000 shares of the stock in a transaction on Wednesday, March 27th. The shares were 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 approximately $1,000,465.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

GMS Trading Up 0.5 %

Shares of GMS stock opened at $97.34 on Friday. GMS Inc. has a 1 year low of $52.00 and a 1 year high of $99.08. The firm has a fifty day moving average price of $89.24 and a 200-day moving average price of $75.78. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.40 and a quick ratio of 1.47. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 13.63 and a beta of 1.72.

GMS (NYSE:GMS) last posted its earnings results on Thursday, February 29th. The company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.01). GMS had a return on equity of 25.65% and a net margin of 5.48%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the firm earned $1.85 earnings per share. The business’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, equities analysts predict that GMS Inc. will post 8.35 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on GMS shares. Truist Financial increased their target price on GMS from $72.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, March 1st. Royal Bank of Canada raised their price objective on GMS from $84.00 to $92.00 and gave the company a “sector perform” rating in a research note on Friday, March 1st. Raymond James raised their price objective on GMS from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, December 11th. Robert W. Baird increased their target price on shares of GMS from $92.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Finally, StockNews.com upgraded shares of GMS from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Four 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. Based on data from MarketBeat, the company presently 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 made changes to their positions in the business. Quadrature Capital Ltd bought a new stake in shares of GMS in the 4th quarter worth about $622,000. Mercer Global Advisors Inc. ADV grew its holdings in GMS by 13.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,181 shares of the company’s stock valued at $674,000 after purchasing an additional 985 shares during the last quarter. Barclays PLC grew its holdings in GMS by 218.5% during the 4th quarter. Barclays PLC now owns 70,872 shares of the company’s stock valued at $5,841,000 after purchasing an additional 48,623 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in GMS by 0.7% during the 4th quarter. Nuveen Asset Management LLC now owns 241,450 shares of the company’s stock valued at $19,903,000 after purchasing an additional 1,588 shares during the last quarter. Finally, Profund Advisors LLC bought a new position in GMS in the 4th quarter worth about $201,000. 95.28% of the stock is currently 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.