Insider Selling: GMS Inc. (NYSE:GMS) SVP Sells 7,900 Shares of Stock

GMS Inc. (NYSE:GMS) SVP Craig D. Apolinsky sold 7,900 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $90.32, for a total value of $713,528.00. Following the sale, the senior vice president now owns 10,671 shares in the company, valued at $963,804.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

GMS Price Performance

Shares of NYSE:GMS traded down $0.87 during trading on Thursday, reaching $90.50. The stock had a trading volume of 200,052 shares, compared to its average volume of 379,938. The stock has a market capitalization of $3.59 billion, a PE ratio of 13.58 and a beta of 1.63. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.17 and a quick ratio of 1.40. GMS Inc. has a 52 week low of $56.58 and a 52 week high of $101.04. The business’s 50-day moving average price is $88.51 and its 200 day moving average price is $89.24.

GMS (NYSE:GMS) last issued its quarterly earnings data on Thursday, June 20th. The company reported $1.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.04 by ($0.11). The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.41 billion. GMS had a net margin of 5.02% and a return on equity of 24.05%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.11 EPS. As a group, equities analysts predict that GMS Inc. will post 8.64 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its position in GMS by 98.7% in the 1st quarter. BNP Paribas Financial Markets now owns 53,373 shares of the company’s stock valued at $5,195,000 after buying an additional 26,518 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in shares of GMS by 116.5% during the fourth quarter. Allianz Asset Management GmbH now owns 24,732 shares of the company’s stock valued at $2,039,000 after acquiring an additional 13,306 shares during the period. Artemis Investment Management LLP boosted its holdings in GMS by 19.6% in the first quarter. Artemis Investment Management LLP now owns 61,370 shares of the company’s stock valued at $5,971,000 after acquiring an additional 10,036 shares during the last quarter. Reinhart Partners LLC. increased its position in GMS by 2.0% in the first quarter. Reinhart Partners LLC. now owns 487,549 shares of the company’s stock worth $47,458,000 after purchasing an additional 9,441 shares during the period. Finally, SummerHaven Investment Management LLC raised its holdings in GMS by 1.3% during the 4th quarter. SummerHaven Investment Management LLC now owns 10,231 shares of the company’s stock worth $843,000 after purchasing an additional 136 shares during the last quarter. Institutional investors and hedge funds own 95.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. DA Davidson decreased their price target on shares of GMS from $105.00 to $97.00 and set a “buy” rating on the stock in a research note on Tuesday, June 25th. Truist Financial decreased their target price on shares of GMS from $105.00 to $95.00 and set a “hold” rating on the stock in a research report on Friday, June 21st. Barclays dropped their price target on shares of GMS from $93.00 to $81.00 and set an “equal weight” rating for the company in a research report on Friday, June 21st. Stephens decreased their price objective on GMS from $112.00 to $95.00 and set an “overweight” rating on the stock in a report on Monday, July 1st. Finally, Royal Bank of Canada lowered their price objective on GMS from $92.00 to $85.00 and set a “sector perform” rating on the stock in a research note on Friday, June 21st. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $90.38.

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.