John C. Turner, Jr. Purchases 3,650 Shares of GMS Inc. (NYSE:GMS) Stock

GMS Inc. (NYSE:GMS) CEO John C. Turner, Jr. bought 3,650 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average cost of $70.00 per share, for a total transaction of $255,500.00. Following the transaction, the chief executive officer now owns 66,928 shares of the company’s stock, valued at $4,684,960. The trade was a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

GMS Stock Up 10.5 %

Shares of NYSE GMS opened at $73.77 on Thursday. GMS Inc. has a one year low of $65.77 and a one year high of $105.54. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44. The business’s fifty day moving average price is $76.73 and its 200-day moving average price is $86.17. The stock has a market capitalization of $2.83 billion, a PE ratio of 13.56 and a beta of 1.62.

GMS (NYSE:GMS) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.47). GMS had a net margin of 3.92% and a return on equity of 20.67%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.29 billion. On average, equities research analysts anticipate that GMS Inc. will post 7.26 EPS for the current year.

Institutional Trading of GMS

A number of hedge funds and other institutional investors have recently made changes to their positions in GMS. FMR LLC raised its stake in shares of GMS by 38.7% during the 4th quarter. FMR LLC now owns 5,868,782 shares of the company’s stock valued at $497,849,000 after purchasing an additional 1,636,612 shares during the period. Pacer Advisors Inc. bought a new stake in shares of GMS during the 4th quarter valued at $109,277,000. Coliseum Capital Management LLC raised its stake in shares of GMS by 135.0% during the 4th quarter. Coliseum Capital Management LLC now owns 1,889,489 shares of the company’s stock valued at $160,285,000 after purchasing an additional 1,085,551 shares during the period. Granite Investment Partners LLC bought a new stake in shares of GMS during the 4th quarter valued at $11,913,000. Finally, Northern Trust Corp raised its stake in shares of GMS by 13.9% during the 4th quarter. Northern Trust Corp now owns 580,130 shares of the company’s stock valued at $49,212,000 after purchasing an additional 70,927 shares during the period. 95.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GMS. Loop Capital cut their price objective on GMS from $93.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, March 10th. Truist Financial cut their price objective on GMS from $97.00 to $80.00 and set a “hold” rating on the stock in a research report on Friday, March 7th. DA Davidson cut their price objective on GMS from $94.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Royal Bank of Canada cut their price objective on GMS from $82.00 to $65.00 and set a “sector perform” rating on the stock in a research report on Friday, March 7th. Finally, UBS Group set a $80.00 price objective on GMS in a research report on Friday, March 7th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, GMS currently has a consensus rating of “Hold” and a consensus price target of $80.50.

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.