H Douglas Goforth Sells 102,282 Shares of GMS Inc. (GMS) Stock

GMS Inc. (NYSE:GMS) CFO H Douglas Goforth sold 102,282 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $37.57, for a total transaction of $3,842,734.74. Following the sale, the chief financial officer now directly owns 82,563 shares in the company, valued at approximately $3,101,891.91. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

H Douglas Goforth also recently made the following trade(s):

  • On Thursday, November 30th, H Douglas Goforth sold 61,000 shares of GMS stock. The stock was sold at an average price of $37.27, for a total transaction of $2,273,470.00.

Shares of GMS Inc. (GMS) opened at $38.32 on Wednesday. GMS Inc. has a one year low of $25.41 and a one year high of $38.97. The stock has a market cap of $1,536.00, a price-to-earnings ratio of 21.67, a P/E/G ratio of 2.66 and a beta of 3.20. The company has a quick ratio of 1.82, a current ratio of 2.80 and a debt-to-equity ratio of 1.11.

GMS (NYSE:GMS) last released its quarterly earnings results on Wednesday, September 6th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. GMS had a net margin of 2.28% and a return on equity of 14.13%. The firm had revenue of $642.20 million for the quarter, compared to analysts’ expectations of $645.19 million. During the same quarter last year, the company earned $0.46 EPS. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. equities analysts expect that GMS Inc. will post 2.01 earnings per share for the current fiscal year.

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

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in GMS by 17.2% in the 2nd quarter. Vanguard Group Inc. now owns 2,312,282 shares of the company’s stock valued at $64,976,000 after purchasing an additional 339,051 shares in the last quarter. Citadel Advisors LLC lifted its holdings in GMS by 3.2% in the 2nd quarter. Citadel Advisors LLC now owns 1,199,845 shares of the company’s stock valued at $33,716,000 after purchasing an additional 37,668 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in GMS by 43.4% in the 2nd quarter. Wells Fargo & Company MN now owns 960,661 shares of the company’s stock valued at $26,994,000 after purchasing an additional 290,711 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in GMS by 1,659.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 827,403 shares of the company’s stock valued at $23,250,000 after purchasing an additional 780,368 shares in the last quarter. Finally, Emerald Advisers Inc. PA lifted its holdings in GMS by 0.4% in the 3rd quarter. Emerald Advisers Inc. PA now owns 819,787 shares of the company’s stock valued at $29,020,000 after purchasing an additional 3,530 shares in the last quarter. 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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