GMS Inc (GMS) CFO Sells $2,273,470.00 in Stock

GMS Inc (NYSE:GMS) CFO H Douglas Goforth sold 61,000 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $37.27, for a total value of $2,273,470.00. Following the sale, the chief financial officer now directly owns 82,563 shares in the company, valued at $3,077,123.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Monday, December 4th, H Douglas Goforth sold 102,282 shares of GMS stock. The shares were sold at an average price of $37.57, for a total value of $3,842,734.74.

Shares of GMS Inc (NYSE:GMS) traded up $0.05 during trading on Friday, hitting $37.64. The stock had a trading volume of 322,361 shares, compared to its average volume of 565,141. GMS Inc has a 12-month low of $27.20 and a 12-month high of $39.98. The company has a current ratio of 2.62, a quick ratio of 1.70 and a debt-to-equity ratio of 1.06. The stock has a market cap of $1,542.35, a PE ratio of 28.30, a price-to-earnings-growth ratio of 2.70 and a beta of 3.20.

GMS (NYSE:GMS) last issued its earnings results on Thursday, December 7th. The company reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.03). The firm had revenue of $648.00 million for the quarter, compared to the consensus estimate of $662.03 million. GMS had a net margin of 2.26% and a return on equity of 14.24%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the firm earned $0.49 earnings per share. equities analysts expect that GMS Inc will post 1.99 EPS for the current year.

Several research analysts have issued reports on GMS shares. Royal Bank of Canada reaffirmed a “buy” rating and issued a $46.00 price objective on shares of GMS in a research note on Friday, December 8th. Zacks Investment Research raised GMS from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Wednesday, November 1st. SunTrust Banks reaffirmed a “buy” rating and issued a $40.00 price objective on shares of GMS in a research note on Friday, November 10th. ValuEngine downgraded GMS from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Barclays set a $43.00 target price on GMS and gave the company a “buy” rating in a research note on Friday, December 8th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $39.63.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its position in shares of GMS by 1,659.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 827,403 shares of the company’s stock worth $23,250,000 after acquiring an additional 780,368 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in shares of GMS in the 3rd quarter worth $16,433,000. Davidson Kempner Capital Management LP bought a new position in shares of GMS in the 3rd quarter worth $15,930,000. Vanguard Group Inc. raised its position in shares of GMS by 17.2% in the 2nd quarter. Vanguard Group Inc. now owns 2,312,282 shares of the company’s stock worth $64,976,000 after acquiring an additional 339,051 shares in the last quarter. Finally, Koch Industries Inc. bought a new position in shares of GMS in the 2nd quarter worth $324,000. 59.25% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This story was originally published by Week Herald and is the property of of Week Herald. If you are reading this story on another publication, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The correct version of this story can be read at https://weekherald.com/2017/12/30/gms-inc-gms-cfo-sells-2273470-00-in-stock.html.

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)

Receive News & Ratings for GMS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GMS and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply