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.
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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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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