New insider activity at GMS ( (GMS) ) has taken place on April 3, 2025.
Director Theron Gilliam recently made headlines by selling 12,474 shares of GMS stock, amounting to a substantial transaction worth $916,340.
Recent Updates on GMS stock
GMS Inc. has experienced significant developments recently, with a notable focus on strategic expansion and diversification of its product offerings through mergers and acquisitions. Despite these efforts, the company’s Q3 earnings call revealed challenges due to a difficult macroeconomic environment, resulting in revenue declines in both commercial and residential segments. Analysts have lowered their price targets for GMS, citing a substantial earnings miss and weaker-than-expected Q4 guidance, driven by softer end-market demand and ongoing pricing pressures in steel framing and wallboard segments. The company’s cautious outlook reflects these challenges, with expectations of further sales declines and steady gross margins in the upcoming quarter. Nevertheless, GMS’s strong performance in complementary products and effective cost management provide some optimism amidst these headwinds.
More about GMS
YTD Price Performance: -12.53%
Average Trading Volume: 441,144
Technical Sentiment Signal: Hold
Current Market Cap: $2.81B