Coliseum Capital Management, L Sells 104,550 Shares of GMS Inc. (NYSE:GMS) Stock

GMS Inc. (NYSE:GMS) major shareholder Coliseum Capital Management, L sold 104,550 shares of GMS stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $110.06, for a total transaction of $11,506,773.00. Following the transaction, the insider directly owned 3,541,468 shares of the company’s stock, valued at approximately $389,773,968.08. This trade represents a 2.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, July 16th, Coliseum Capital Management, L sold 54,944 shares of GMS stock. The shares were sold at an average price of $110.05, for a total transaction of $6,046,587.20.
• On Monday, July 14th, Coliseum Capital Management, L sold 179,133 shares of GMS stock. The shares were sold at an average price of $110.05, for a total transaction of $19,713,586.65.

GMS Stock Down 0.1%

Shares of GMS stock opened at $109.85 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.17 and a current ratio of 1.91. The stock has a market capitalization of $4.18 billion, a PE ratio of 38.01 and a beta of 1.71. GMS Inc. has a 52-week low of $65.77 and a 52-week high of $110.28. The company has a 50-day simple moving average of $89.12 and a two-hundred day simple moving average of $81.46.

GMS (NYSE:GMS) last issued its earnings results on Wednesday, June 18th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.18. GMS had a net margin of 2.09% and a return on equity of 16.97%. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the company earned $1.93 earnings per share. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, analysts anticipate that GMS Inc. will post 7.26 EPS for the current fiscal year.

Institutional Trading of GMS

A number of large investors have recently made changes to their positions in GMS. Raymond James Financial Inc. bought a new stake in shares of GMS in the fourth quarter worth approximately $1,547,000. PNC Financial Services Group Inc. grew its stake in shares of GMS by 7.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,936 shares of the company’s stock worth $249,000 after acquiring an additional 211 shares during the period. AlphaQuest LLC grew its stake in shares of GMS by 1,710.5% in the fourth quarter. AlphaQuest LLC now owns 344 shares of the company’s stock worth $29,000 after acquiring an additional 325 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of GMS by 19.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,914 shares of the company’s stock worth $926,000 after acquiring an additional 1,811 shares during the period. Finally, Cibc World Markets Corp bought a new stake in shares of GMS in the fourth quarter worth approximately $313,000. 95.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on GMS shares. DA Davidson lifted their price target on shares of GMS from $95.20 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday, July 1st. Royal Bank Of Canada lifted their price target on shares of GMS from $95.20 to $110.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 1st. Stephens cut shares of GMS from a “strong-buy” rating to a “hold” rating and set a $95.00 price target for the company. in a research report on Friday, June 27th. Truist Financial lifted their target price on shares of GMS from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Tuesday, July 1st. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $95.00 target price (up from $93.00) on shares of GMS in a report on Monday, June 23rd. Ten equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, GMS has an average rating of “Hold” and a consensus price target of $101.11.

GMS Company Profile

GMS Inc distributes wallboard, ceilings, steel framing and complementary construction products in the United States and Canada. The company offers ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings.