GMS Inc (NYSE:GMS) Director Ronald R. Ross Purchases 108,602 Shares of Stock

GMS Inc (NYSE:GMS) Director Ronald R. Ross acquired 108,602 shares of the stock in a transaction dated Tuesday, March 24th. The stock was bought at an average cost of $15.15 per share, with a total value of $1,645,320.30.

NYSE GMS traded up $1.02 on Thursday, hitting $16.17. 20,017 shares of the stock traded hands, compared to its average volume of 630,022. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.41 and a current ratio of 2.25. The business’s fifty day moving average is $22.09 and its two-hundred day moving average is $27.09. GMS Inc has a 12 month low of $10.39 and a 12 month high of $32.42. The firm has a market capitalization of $521.81 million, a price-to-earnings ratio of 8.65, a PEG ratio of 0.57 and a beta of 2.01.

GMS (NYSE:GMS) last issued its quarterly earnings data on Thursday, March 5th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. GMS had a return on equity of 19.47% and a net margin of 2.51%. The business had revenue of $761.40 million for the quarter, compared to analysts’ expectations of $755.67 million. During the same quarter in the prior year, the firm posted $0.41 EPS. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. Analysts expect that GMS Inc will post 3.11 EPS for the current fiscal year.

Several research analysts recently issued reports on the company. TheStreet cut GMS from a “b-” rating to a “c+” rating in a research report on Friday, March 13th. Raymond James decreased their target price on GMS from $30.00 to $24.00 and set a “strong-buy” rating for the company in a research report on Monday, March 16th. Stephens lowered their target price on GMS from $33.00 to $30.00 and set an “overweight” rating on the stock in a research note on Friday, March 6th. ValuEngine cut GMS from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 3rd. Finally, Zacks Investment Research downgraded shares of GMS from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. GMS presently has an average rating of “Buy” and a consensus target price of $28.44.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC raised its position in shares of GMS by 13.4% in the fourth quarter. Nuveen Asset Management LLC now owns 836,476 shares of the company’s stock worth $22,652,000 after buying an additional 98,566 shares in the last quarter. Geode Capital Management LLC raised its position in shares of GMS by 12.3% during the 4th quarter. Geode Capital Management LLC now owns 577,862 shares of the company’s stock valued at $15,648,000 after buying an additional 63,110 shares in the last quarter. Mason Street Advisors LLC raised its position in shares of GMS by 3.9% during the 4th quarter. Mason Street Advisors LLC now owns 14,688 shares of the company’s stock valued at $398,000 after buying an additional 549 shares in the last quarter. AXA bought a new stake in shares of GMS during the 4th quarter worth $3,667,000. Finally, Alberta Investment Management Corp bought a new stake in shares of GMS during the 4th quarter worth $276,000. Hedge funds and other institutional investors own 93.23% of the company’s stock.

GMS Company Profile

GMS Inc distributes wallboards, suspended ceilings systems, and related construction products in the United States and Canada. The company offers wallboard products; and 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.

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