On September 18, 2024, Turner John C JR, President and Chief Executive Officer of GMS Inc (GMS, Financial), executed a sale of 15,000 shares of the company at a price of $91.76 per share. This transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 63,278 shares of GMS Inc.
GMS Inc is a leading North American distributor of wallboard and suspended ceiling systems. The company's extensive product offerings also include complementary construction materials.
Over the past year, the insider has sold a total of 21,266 shares of GMS Inc and has not made any purchases. The company has observed a pattern of insider selling, with 13 insider sales and no insider buys over the last year.
As of the latest sale date, GMS Inc shares were trading at $91.76, giving the company a market cap of approximately $3.54 billion. The price-earnings ratio of the stock stands at 14.88, which is below both the industry median of 15.315 and the company’s historical median.
According to the GF Value, an intrinsic value estimate used by GuruFocus, GMS Inc is currently modestly overvalued with a price-to-GF-Value ratio of 1.22. The GF Value of $75.52 is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates provided by Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of corporate confidence and potential future stock performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
