GMS Inc (NYSE:GMS) insider G Michael Callahan, Jr. sold 33,333 shares of GMS stock in a transaction on Monday, February 12th. The shares were sold at an average price of $32.17, for a total value of $1,072,322.61. Following the completion of the transaction, the insider now owns 461,752 shares in the company, valued at $14,854,561.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
GMS Inc (NYSE:GMS) opened at $32.29 on Thursday. GMS Inc has a one year low of $27.20 and a one year high of $39.98. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.70 and a current ratio of 2.62. The firm has a market capitalization of $1,334.32, a price-to-earnings ratio of 24.28, a P/E/G ratio of 2.31 and a beta of 1.42.
GMS (NYSE:GMS) last announced its earnings results on Thursday, December 7th. The company reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). GMS had a return on equity of 14.24% and a net margin of 2.26%. The business had revenue of $648.00 million for the quarter, compared to analysts’ expectations of $662.03 million. During the same quarter last year, the firm earned $0.49 earnings per share. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. analysts predict that GMS Inc will post 2.01 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the business. Great West Life Assurance Co. Can grew 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 purchasing an additional 1,923 shares during the last quarter. SG Americas Securities LLC purchased a new stake in GMS during the 4th quarter valued at about $129,000. Macquarie Group Ltd. purchased a new stake in GMS during the 3rd quarter valued at about $170,000. Victory Capital Management Inc. purchased a new stake in GMS during the 3rd quarter valued at about $182,000. Finally, Two Sigma Securities LLC purchased a new stake in GMS during the 4th quarter valued at about $225,000. Institutional investors and hedge funds own 60.16% 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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