Insider Buying: GMS Inc (GMS) Director Buys $37,580.00 in Stock
GMS Inc (NYSE:GMS) Director J David Smith purchased 1,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was bought at an average price of $37.58 per share, for a total transaction of $37,580.00. Following the completion of the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at $75,160. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.
GMS Inc (NYSE GMS) traded up $0.20 during trading on Monday, reaching $36.93. The company’s stock had a trading volume of 382,600 shares, compared to its average volume of 376,178. GMS Inc has a 12 month low of $27.14 and a 12 month high of $39.98. The company has a current ratio of 2.62, a quick ratio of 1.70 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $1,515.27, a P/E ratio of 20.75, a P/E/G ratio of 2.65 and a beta of 3.20.
GMS (NYSE:GMS) last released its earnings results on Thursday, December 7th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). GMS had a net margin of 2.26% and a return on equity of 14.24%. The business had revenue of $648.00 million during the quarter, compared to analyst estimates of $662.03 million. During the same period last year, the business posted $0.49 EPS. GMS’s revenue was up 9.5% compared to the same quarter last year. equities analysts anticipate that GMS Inc will post 1.99 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in GMS. Vanguard Group Inc. boosted its stake in 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 last quarter. Citadel Advisors LLC raised its position in GMS by 3.2% during the second quarter. Citadel Advisors LLC now owns 1,199,845 shares of the company’s stock valued at $33,716,000 after purchasing an additional 37,668 shares in the last quarter. Wells Fargo & Company MN raised its position in GMS by 43.4% during the second quarter. Wells Fargo & Company MN now owns 960,661 shares of the company’s stock valued at $26,994,000 after purchasing an additional 290,711 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in GMS by 1,659.1% during the second quarter. The Manufacturers Life Insurance Company now owns 827,403 shares of the company’s stock valued at $23,250,000 after purchasing an additional 780,368 shares in the last quarter. Finally, Emerald Advisers Inc. PA raised its position in GMS by 0.4% during the third quarter. Emerald Advisers Inc. PA now owns 819,787 shares of the company’s stock valued at $29,020,000 after purchasing an additional 3,530 shares in the last quarter. 59.34% of the stock is owned by institutional investors.
Several equities analysts have commented on GMS shares. Royal Bank of Canada reiterated a “buy” rating and issued a $46.00 price target on shares of GMS in a research note on Friday, December 8th. Zacks Investment Research raised GMS from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Wednesday, November 1st. SunTrust Banks reaffirmed a “buy” rating and set a $40.00 price target on shares of GMS in a report on Friday, November 10th. ValuEngine downgraded GMS from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Barclays set a $43.00 target price on GMS and gave the company a “buy” rating in a report on Friday, December 8th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. GMS currently has an average rating of “Buy” and an average price target of $39.63.
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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