GMS Inc (GMS) Director J David Smith Buys 1,000 Shares of Stock

GMS Inc (NYSE:GMS) Director J David Smith bought 1,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were bought at an average cost of $37.58 per share, for a total transaction of $37,580.00. Following the transaction, the director now owns 2,000 shares in the company, valued at approximately $75,160. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of GMS Inc (NYSE:GMS) traded up $0.20 during trading on Friday, reaching $36.93. The company’s stock had a trading volume of 382,635 shares, compared to its average volume of 514,796. The company has a market cap of $1,507.06, a P/E ratio of 20.64, a PEG ratio of 2.64 and a beta of 3.20. The company has a quick ratio of 1.70, a current ratio of 2.62 and a debt-to-equity ratio of 1.06. GMS Inc has a 12 month low of $27.14 and a 12 month high of $39.98.

GMS (NYSE:GMS) last announced its quarterly earnings data on Thursday, December 7th. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). The business had revenue of $648.00 million during the quarter, compared to the consensus estimate of $662.03 million. GMS had a net margin of 2.26% and a return on equity of 14.24%. The business’s revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $0.49 EPS. equities analysts anticipate that GMS Inc will post 1.99 EPS for the current year.

A number of institutional investors have recently made changes to their positions in GMS. The Manufacturers Life Insurance Company lifted its holdings in shares of GMS by 1,659.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 827,403 shares of the company’s stock worth $23,250,000 after buying an additional 780,368 shares during the period. Dimensional Fund Advisors LP purchased a new stake in shares of GMS in the 3rd quarter worth $16,433,000. Davidson Kempner Capital Management LP purchased a new stake in shares of GMS in the 3rd quarter worth $15,930,000. Vanguard Group Inc. lifted its holdings in shares of GMS by 17.2% in the 2nd quarter. Vanguard Group Inc. now owns 2,312,282 shares of the company’s stock worth $64,976,000 after buying an additional 339,051 shares during the period. Finally, Koch Industries Inc. purchased a new stake in shares of GMS in the 2nd quarter worth $324,000. 59.34% of the stock is currently owned by institutional investors.

Several research firms have recently weighed in on GMS. Robert W. Baird reissued a “buy” rating and set a $37.00 target price on shares of GMS in a research report on Monday, October 9th. Wells Fargo & Company began coverage on GMS in a research report on Wednesday, October 18th. They set a “market perform” rating and a $38.00 target price on the stock. Royal Bank of Canada reissued a “buy” rating and set a $39.00 target price on shares of GMS in a research report on Tuesday, October 10th. Barclays set a $43.00 target price on GMS and gave the company a “buy” rating in a research report on Friday, December 8th. Finally, SunTrust Banks boosted their target price on GMS to $45.00 and gave the company a “buy” rating in a research report on Monday, December 11th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $39.63.

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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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