GMS (NYSE:GMS) Director J David Smith purchased 2,000 shares of the stock in a transaction dated Monday, July 2nd. The shares were acquired at an average cost of $26.66 per share, for a total transaction of $53,320.00. Following the completion of the acquisition, the director now owns 4,000 shares of the company’s stock, valued at $106,640. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
GMS traded down $0.13, reaching $26.00, during mid-day trading on Thursday, MarketBeat Ratings reports. 333,600 shares of the stock traded hands, compared to its average volume of 402,960. The stock has a market cap of $1.07 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 1.12 and a beta of 1.53. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.69 and a current ratio of 2.71. GMS has a 12-month low of $23.50 and a 12-month high of $39.98.
Get GMS alerts:GMS (NYSE:GMS) last posted its quarterly earnings data on Thursday, June 28th. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). The firm had revenue of $635.80 million for the quarter, compared to analysts’ expectations of $674.08 million. GMS had a net margin of 2.51% and a return on equity of 13.00%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.48 EPS. sell-side analysts predict that GMS will post 3.34 EPS for the current fiscal year.
A number of research analysts have recently issued reports on GMS shares. TheStreet downgraded GMS from a “b-” rating to a “c” rating in a report on Thursday, June 28th. Zacks Investment Research downgraded GMS from a “buy” rating to a “hold” rating in a report on Tuesday, May 15th. ValuEngine downgraded GMS from a “hold” rating to a “sell” rating in a report on Thursday, June 28th. Seaport Global Securities raised GMS from a “neutral” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Wednesday, March 7th. They noted that the move was a valuation call. Finally, Royal Bank of Canada set a $38.00 price target on GMS and gave the company a “buy” rating in a report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $36.18.
Institutional investors have recently bought and sold shares of the stock. Thrivent Financial For Lutherans purchased a new stake in GMS during the fourth quarter valued at $1,685,000. Swiss National Bank increased its position in GMS by 29.7% during the fourth quarter. Swiss National Bank now owns 61,100 shares of the company’s stock valued at $2,300,000 after acquiring an additional 14,000 shares during the last quarter. Wells Fargo & Company MN increased its position in GMS by 12.0% during the fourth quarter. Wells Fargo & Company MN now owns 42,885 shares of the company’s stock valued at $1,614,000 after acquiring an additional 4,599 shares during the last quarter. Teachers Advisors LLC increased its position in GMS by 5.5% during the fourth quarter. Teachers Advisors LLC now owns 520,034 shares of the company’s stock valued at $19,574,000 after acquiring an additional 27,280 shares during the last quarter. Finally, BlackRock Inc. increased its position in GMS by 1.1% during the fourth quarter. BlackRock Inc. now owns 1,688,986 shares of the company’s stock valued at $63,572,000 after acquiring an additional 17,668 shares during the last quarter. Institutional investors own 74.04% of the company’s stock.
About GMS
GMS Inc distributes wallboards, suspended ceilings systems, and complementary interior construction products in North America. The company offers wallboard products; and ceilings products, such as suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and other commercial and institutional buildings.
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