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.
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.
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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