G Michael Callahan, Jr. Sells 12,500 Shares of GMS Inc. (NYSE:GMS) Stock

GMS Inc. (NYSE:GMS) CEO G Michael Callahan, Jr. sold 12,500 shares of the stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $35.30, for a total transaction of $441,250.00. Following the transaction, the chief executive officer now owns 528,418 shares in the company, valued at $18,653,155.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of GMS Inc. (NYSE GMS) traded up $0.69 during trading hours on Wednesday, reaching $39.01. 690,301 shares of the company traded hands, compared to its average volume of 364,355. The company has a market cap of $1,558.53, a P/E ratio of 21.99, a PEG ratio of 2.70 and a beta of 3.20. GMS Inc. has a 12-month low of $25.44 and a 12-month high of $39.53. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.82 and a current ratio of 2.80.

GMS (NYSE:GMS) last issued its quarterly earnings data on Wednesday, September 6th. The company reported $0.47 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. The firm had revenue of $642.20 million for the quarter, compared to the consensus estimate of $645.19 million. GMS had a net margin of 2.28% and a return on equity of 14.13%. GMS’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period last year, the firm posted $0.46 EPS. sell-side analysts anticipate that GMS Inc. will post 2.01 EPS for the current fiscal year.

A number of research analysts have recently issued reports on GMS shares. Zacks Investment Research upgraded shares of GMS from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Wednesday, November 1st. Royal Bank Of Canada raised their price target on shares of GMS from $34.00 to $39.00 and gave the stock an “outperform” rating in a research report on Thursday, September 7th. SunTrust Banks restated a “buy” rating and issued a $40.00 price target on shares of GMS in a research report on Friday, November 10th. ValuEngine downgraded shares of GMS from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Wells Fargo & Company started coverage on shares of GMS in a research report on Wednesday, October 18th. They issued a “market perform” rating and a $38.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $37.38.

A number of large investors have recently modified their holdings of the stock. American International Group Inc. lifted its position in GMS by 7.0% in the 1st quarter. American International Group Inc. now owns 4,377 shares of the company’s stock valued at $153,000 after purchasing an additional 288 shares during the last quarter. Bank of America Corp DE increased its stake in GMS by 0.3% during the 1st quarter. Bank of America Corp DE now owns 161,291 shares of the company’s stock valued at $5,651,000 after buying an additional 489 shares during the period. Sei Investments Co. increased its stake in GMS by 7.1% during the 2nd quarter. Sei Investments Co. now owns 15,073 shares of the company’s stock valued at $424,000 after buying an additional 1,005 shares during the period. Great West Life Assurance Co. Can increased its stake in GMS by 213.7% during the 3rd quarter. Great West Life Assurance Co. Can now owns 2,823 shares of the company’s stock valued at $100,000 after buying an additional 1,923 shares during the period. Finally, California State Teachers Retirement System increased its stake in GMS by 5.5% during the 3rd quarter. California State Teachers Retirement System now owns 44,004 shares of the company’s stock valued at $1,558,000 after buying an additional 2,287 shares during the period. Hedge funds and other institutional investors own 59.34% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for GMS (NYSE:GMS)

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