Craig D. Apolinsky, the Senior Vice President and General Counsel of GMS Inc . (NYSE:GMS), a leading distributor of construction products, has recently sold 20,000 shares of the company stock, according to the latest SEC filings. The transactions, completed on March 27, 2024, resulted in a total sale value of approximately $1.93 million, with the shares being sold at a weighted average price of $96.57.
The sales occurred in multiple transactions with prices ranging from $96.30 to $96.78. Apolinsky's sales represent a significant transaction and come as notable activity for investors monitoring insider trades. Following the sale, Apolinsky's direct ownership in GMS Inc. stands at 10,360 shares of common stock.
In addition to the sale, the filing also disclosed that on the same day, Apolinsky acquired 20,000 shares of GMS Inc. common stock at a price of $23.11 per share, amounting to a total transaction value of $462,200. These shares were obtained through the exercise of stock options, which were not part of the subsequent sale.
The reported transactions provide insights into the trading activities of GMS Inc.'s executives and could be of interest to investors who follow the buying and selling patterns of company insiders. The details of the sales, including the range of prices at which the stock was sold, have been made available as per regulatory requirements and can be provided upon request to the issuer, security holders, or the SEC staff.
GMS Inc. has not made any official statements regarding these transactions, and it remains unclear what the implications of these trades may be for the company's future. Investors often look at insider trading as a signal of an executive's confidence in the company's prospects, although such transactions can be motivated by a variety of personal financial considerations.
InvestingPro Insights
The recent insider trading by Craig D. Apolinsky, the Senior Vice President and General Counsel of GMS Inc., has caught the attention of investors looking for signals of the company's performance and executive confidence. To provide further context, let's delve into some key financial metrics and analyst insights from InvestingPro.
As of the last twelve months leading up to Q3 2024, GMS Inc. has a market capitalization of $3.88 billion and a Price to Earnings (P/E) ratio of 13.41, which adjusts slightly to 13.08 when considering the same period. This P/E ratio indicates a valuation that could be attractive compared to industry peers, especially when considering the company's profitability over the last year. Additionally, GMS Inc. has experienced a revenue growth of 1.49% over the last twelve months, reflecting a steady increase in its financial performance.
Investors following the stock will note that GMS Inc. has been trading near its 52-week high, with the price reaching 97.74% of this peak. This performance is consistent with the strong return over the last three months, where the company's stock price total return was 16.06%. The company's liquid assets also exceed its short-term obligations, which could provide a buffer against market volatility and financial stress.
Two InvestingPro Tips that are particularly relevant to GMS Inc. include:
- Analysts have revised their earnings upwards for the upcoming period, which could signal potential growth and a positive outlook for the company.
- The stock has shown a high return over the last year, with a 74.44% price total return, indicating strong market performance and potentially increased investor confidence.
For investors seeking a deeper analysis, there are additional InvestingPro Tips available to help gauge the company's future performance and valuation. To access these insights, visit https://www.investing.com/pro/GMS and consider using the exclusive coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. With 12 more InvestingPro Tips listed for GMS Inc., investors can equip themselves with a comprehensive understanding of the company's financial health and market position.
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