GMS Inc. (NYSE:GMS) CFO H Douglas Goforth sold 61,000 shares of GMS stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $37.27, for a total value of $2,273,470.00. Following the completion of the transaction, the chief financial officer now owns 82,563 shares of the company’s stock, valued at approximately $3,077,123.01. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
H Douglas Goforth also recently made the following trade(s):
- On Monday, December 4th, H Douglas Goforth sold 102,282 shares of GMS stock. The stock was sold at an average price of $37.57, for a total value of $3,842,734.74.
Shares of GMS Inc. (NYSE GMS) traded up $0.55 during mid-day trading on Monday, hitting $38.04. The company had a trading volume of 761,671 shares, compared to its average volume of 361,339. GMS Inc. has a 52-week low of $25.01 and a 52-week high of $38.08. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.80 and a quick ratio of 1.82. The company has a market cap of $1,550.00 and a price-to-earnings ratio of 21.67.
Several hedge funds have recently modified their holdings of the stock. Rubric Capital Management LP lifted its stake in shares of GMS by 48.9% during 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 last quarter. GSA Capital Partners LLP bought a new stake in shares of GMS during the 3rd quarter worth approximately $755,000. California Public Employees Retirement System bought a new stake in shares of GMS during the 3rd quarter worth approximately $234,000. Davidson Kempner Capital Management LP bought a new stake in shares of GMS during the 3rd quarter worth approximately $15,930,000. Finally, Janney Capital Management LLC bought a new stake in shares of GMS during the 3rd quarter worth approximately $708,000. 59.34% of the stock is owned by hedge funds and other institutional investors.
GMS has been the subject of a number of recent research reports. Zacks Investment Research upgraded GMS from a “sell” rating to a “hold” rating in a report on Monday, September 4th. Royal Bank Of Canada lifted their target price on GMS from $34.00 to $39.00 and gave the stock an “outperform” rating in a report on Thursday, September 7th. Robert W. Baird reiterated a “buy” rating and issued a $37.00 target price on shares of GMS in a report on Monday, October 9th. Wells Fargo & Company initiated coverage on GMS in a report on Wednesday, October 18th. They issued a “market perform” rating and a $38.00 target price for the company. Finally, SunTrust Banks reiterated a “buy” rating and issued a $40.00 target price on shares of GMS in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $37.38.
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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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