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.
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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