Investors Lp Aea Sells 4,500,000 Shares of GMS Inc (GMS) Stock

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

Shares of GMS Inc (NYSE GMS) opened at $37.18 on Wednesday. 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 52-week low of $27.20 and a 52-week high of $39.98. The company has a market capitalization of $1,515.27, a P/E ratio of 20.75, a price-to-earnings-growth ratio of 2.65 and a beta of 3.20.

GMS (NYSE:GMS) last announced its quarterly earnings data on Thursday, December 7th. The company reported $0.51 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $648.00 million during the quarter, compared to the consensus estimate of $662.03 million. During the same quarter in the prior year, the business posted $0.49 EPS. GMS’s revenue was up 9.5% compared to the same quarter last year. sell-side analysts expect that GMS Inc will post 1.99 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted 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 during the period. Citadel Advisors LLC lifted its position in shares of GMS by 3.2% in the 2nd quarter. Citadel Advisors LLC now owns 1,199,845 shares of the company’s stock worth $33,716,000 after acquiring an additional 37,668 shares during the period. Wells Fargo & Company MN lifted its position in shares of GMS by 43.4% in the 2nd quarter. Wells Fargo & Company MN now owns 960,661 shares of the company’s stock worth $26,994,000 after acquiring an additional 290,711 shares during the period. The Manufacturers Life Insurance Company lifted 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 during the period. Finally, Emerald Advisers Inc. PA lifted its position in shares of GMS by 0.4% in the 3rd quarter. Emerald Advisers Inc. PA now owns 819,787 shares of the company’s stock worth $29,020,000 after acquiring an additional 3,530 shares during the period. Institutional investors own 59.25% of the company’s stock.

GMS has been the subject of several recent analyst reports. Royal Bank of Canada restated a “buy” rating and set a $39.00 target price on shares of GMS in a research note on Tuesday, October 10th. Robert W. Baird restated a “buy” rating and set a $37.00 target price on shares of GMS in a research note on Monday, October 9th. Zacks Investment Research upgraded GMS from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Wednesday, November 1st. Barclays set a $43.00 target price on GMS and gave the company a “buy” rating in a research note on Friday, December 8th. Finally, SunTrust Banks restated a “buy” rating and set a $40.00 target price on shares of GMS in a research note on Friday, November 10th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $39.63.

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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)

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