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 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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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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