GMS Inc (GMS) Major Shareholder Sells $171,225,000.00 in Stock

GMS Inc (NYSE:GMS) major shareholder Investors Lp Aea sold 4,500,000 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.05, for a total transaction of $171,225,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of GMS Inc (GMS) traded up $0.76 during midday trading on Thursday, reaching $38.00. 392,416 shares of the company’s stock traded hands, compared to its average volume of 327,865. The company has a quick ratio of 1.70, a current ratio of 2.62 and a debt-to-equity ratio of 1.06. GMS Inc has a 1-year low of $27.20 and a 1-year high of $39.98. The company has a market cap of $1,560.00 and a price-to-earnings ratio of 28.57.

GMS (NYSE:GMS) last issued its quarterly earnings data on Thursday, December 7th. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). GMS had a return on equity of 13.41% and a net margin of 2.78%. The company had revenue of $648.00 million during the quarter, compared to the consensus estimate of $662.03 million. During the same quarter last year, the company posted $0.49 earnings per share. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. research analysts expect that GMS Inc will post 1.99 EPS for the current year.

A number of equities research analysts recently commented on the stock. Barclays set a $46.00 price target on shares of GMS and gave the company a “buy” rating in a report on Sunday. Wells Fargo & Co assumed coverage on shares of GMS in a report on Wednesday, October 18th. They set a “market perform” rating and a $38.00 price target for the company. Zacks Investment Research lowered shares of GMS from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. Royal Bank of Canada reiterated a “buy” rating and set a $39.00 price target on shares of GMS in a report on Tuesday, October 10th. Finally, Robert W. Baird restated a “buy” rating and issued a $37.00 price objective on shares of GMS in a report on Monday, October 9th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $40.00.

Several institutional investors have recently modified their holdings of GMS. Great West Life Assurance Co. Can increased its stake in shares of GMS by 213.7% in the 3rd quarter. Great West Life Assurance Co. Can now owns 2,823 shares of the company’s stock worth $100,000 after acquiring an additional 1,923 shares in the last quarter. Legal & General Group Plc increased its stake in shares of GMS by 403.2% in the 2nd quarter. Legal & General Group Plc now owns 5,621 shares of the company’s stock worth $160,000 after acquiring an additional 4,504 shares in the last quarter. Macquarie Group Ltd. bought a new position in shares of GMS in the 3rd quarter worth about $170,000. Metropolitan Life Insurance Co. NY increased its stake in shares of GMS by 386.4% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 5,190 shares of the company’s stock worth $182,000 after acquiring an additional 4,123 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new position in shares of GMS in the 3rd quarter worth about $182,000. Institutional investors own 59.25% of the company’s stock.

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GMS Company Profile

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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