GMS Inc. (NYSE:GMS) Major Shareholder Purchases $2,140,000.00 in Stock

GMS Inc. (NYSE:GMS) major shareholder Coliseum Capital Management, L purchased 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 13th. The stock was acquired at an average price of $42.80 per share, for a total transaction of $2,140,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Coliseum Capital Management, L also recently made the following trade(s):

  • On Thursday, April 15th, Coliseum Capital Management, L purchased 46,210 shares of GMS stock. The shares were bought at an average cost of $44.03 per share, for a total transaction of $2,034,626.30.
  • On Monday, March 29th, Coliseum Capital Management, L acquired 80,000 shares of GMS stock. The stock was bought at an average price of $39.81 per share, with a total value of $3,184,800.00.
  • On Wednesday, March 3rd, Coliseum Capital Management, L bought 144,800 shares of GMS stock. The shares were bought at an average price of $36.82 per share, for a total transaction of $5,331,536.00.

Shares of GMS stock opened at $44.15 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.32 and a quick ratio of 1.52. GMS Inc. has a 1-year low of $13.23 and a 1-year high of $44.77. The business has a 50-day moving average of $40.83 and a 200-day moving average of $32.24. The company has a market capitalization of $1.89 billion, a PE ratio of 78.84 and a beta of 2.09.

GMS (NYSE:GMS) last issued its quarterly earnings results on Wednesday, March 3rd. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.51 by $0.09. The business had revenue of $751.20 million for the quarter, compared to analysts’ expectations of $728.42 million. GMS had a net margin of 0.80% and a return on equity of 18.50%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.52 earnings per share. On average, equities analysts expect that GMS Inc. will post 2.95 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its position in GMS by 4.6% in the 4th quarter. BlackRock Inc. now owns 6,519,810 shares of the company’s stock valued at $198,724,000 after purchasing an additional 283,837 shares during the last quarter. FMR LLC raised its holdings in shares of GMS by 27.6% in the 1st quarter. FMR LLC now owns 1,568,460 shares of the company’s stock worth $23,715,000 after purchasing an additional 338,959 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of GMS by 14.8% during the fourth quarter. JPMorgan Chase & Co. now owns 685,436 shares of the company’s stock valued at $20,893,000 after purchasing an additional 88,320 shares during the last quarter. Peregrine Capital Management LLC raised its holdings in shares of GMS by 71.7% during the fourth quarter. Peregrine Capital Management LLC now owns 632,190 shares of the company’s stock valued at $19,269,000 after acquiring an additional 263,894 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of GMS by 11.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 537,780 shares of the company’s stock worth $12,961,000 after buying an additional 55,403 shares during the period. Institutional investors and hedge funds own 93.86% of the company’s stock.

Several equities analysts recently issued reports on GMS shares. Truist boosted their target price on GMS from $34.00 to $42.00 in a research report on Friday, March 5th. Barclays upped their target price on GMS from $35.00 to $37.00 and gave the company an “equal weight” rating in a research note on Friday, March 5th. Finally, Zacks Investment Research upgraded GMS from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Tuesday, March 9th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $31.00.

GMS Company Profile

GMS, Inc is a holding company, which engages in the distribution of wallboard and suspended ceilings systems and complementary interior construction products. It operates through the following segments: Geographic Divisions, Other, and Corporate. The Geographic Divisions segment comprises the Central, Midwest, Northeast, Southern, Southeast, Western, and Canada.

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