H Douglas Goforth Sells 61,000 Shares of GMS Inc. (GMS) Stock

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.

GMS (NYSE:GMS) last issued its quarterly earnings results on Wednesday, September 6th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.47. GMS had a return on equity of 14.13% and a net margin of 2.28%. The firm had revenue of $642.20 million during the quarter, compared to analyst estimates of $645.19 million. During the same period last year, the company earned $0.46 EPS. GMS’s quarterly revenue was up 16.8% compared to the same quarter last year. equities research analysts anticipate that GMS Inc. will post 2.01 earnings per share for the current fiscal year.

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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About GMS

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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