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In a recent transaction, John C. Turner Jr., the President and CEO of GMS Inc . (NYSE:GMS), acquired 3,650 shares of the company's common stock. The purchase, executed on April 7, 2025, was made at a price of $70 per share, resulting in a total transaction value of $255,500. Following this acquisition, Turner now holds 66,928 shares directly. This insider purchase aligns with broader company trends, as InvestingPro data shows management has been actively buying back shares, while maintaining strong liquidity with assets exceeding short-term obligations. This transaction reflects Turner's ongoing investment in the company, which operates in the wholesale lumber and construction materials industry. The company has demonstrated strong performance with profitable operations over the last twelve months and impressive returns over the past five years. For deeper insights into GMS's insider trading patterns and comprehensive analysis, InvestingPro offers additional key metrics and a detailed Pro Research Report.
In other recent news, GMS Inc. reported a fiscal third-quarter performance that fell short of expectations, prompting several financial firms to adjust their outlooks on the company. RBC Capital Markets reduced its price target for GMS from $82 to $65, citing a significant third-quarter miss and weak fourth-quarter guidance, with expectations of a 9% decrease in fiscal year 2025 EBITDA. Similarly, Barclays (LON:BARC) lowered its price target from $80 to $71, noting rapidly deteriorating demand and potential pricing pressure in the wallboard sector. Truist Securities also revised its price target downward to $80 from $97, maintaining a Hold rating due to concerns over the company's outlook in multifamily housing and other construction sectors. DA Davidson adjusted its price target to $80 from $94, highlighting the company's volatile performance and the lowest EBITDA margin projected since fiscal 2018. Raymond (NSE:RYMD) James reduced its price target to $80 from $105 but maintained an Outperform rating, expressing confidence in the long-term prospects of the industry despite current macroeconomic challenges. These developments reflect a cautious stance from analysts, emphasizing the challenges GMS faces in navigating the current market conditions.
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