GMS Inc. (NYSE:GMS) has been assigned a consensus recommendation of “Buy” from the eight analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $36.40.
Several research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of GMS from a “hold” rating to a “sell” rating in a research report on Monday, July 3rd. Royal Bank Of Canada increased their price target on shares of GMS from $34.00 to $39.00 and gave the stock an “outperform” rating in a research report on Thursday, September 7th. Stephens decreased their price target on shares of GMS from $40.00 to $36.00 and set an “overweight” rating on the stock in a research report on Monday, July 3rd. Finally, Northcoast Research upgraded shares of GMS from a “neutral” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Monday, July 3rd.
GMS (NYSE GMS) traded down 1.14% during midday trading on Wednesday, hitting $35.48. 199,185 shares of the company were exchanged. The stock has a 50 day moving average of $34.69 and a 200-day moving average of $34.69. GMS has a 1-year low of $20.51 and a 1-year high of $36.08. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 27.17 and a beta of 3.40.
GMS (NYSE:GMS) last released its quarterly earnings results on Wednesday, September 6th. The company reported $0.47 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. GMS had a net margin of 2.28% and a return on equity of 14.13%. The business had revenue of $642.20 million for the quarter, compared to the consensus estimate of $645.19 million. During the same period last year, the firm earned $0.46 earnings per share. The company’s quarterly revenue was up 16.8% on a year-over-year basis. Equities analysts expect that GMS will post $2.01 earnings per share for the current year.
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In other GMS news, CEO G Michael Callahan, Jr. sold 12,500 shares of GMS stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $34.73, for a total value of $434,125.00. Following the sale, the chief executive officer now directly owns 528,418 shares in the company, valued at approximately $18,351,957.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Lynn Ross sold 1,894 shares of GMS stock in a transaction on Monday, September 25th. The shares were sold at an average price of $34.77, for a total transaction of $65,854.38. The disclosure for this sale can be found here. Insiders own 5.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in GMS by 17.2% in the 2nd quarter. Vanguard Group Inc. now owns 2,312,282 shares of the company’s stock valued at $64,976,000 after acquiring an additional 339,051 shares during the last quarter. Citadel Advisors LLC increased its holdings in GMS by 3.2% in the 2nd quarter. Citadel Advisors LLC now owns 1,199,845 shares of the company’s stock valued at $33,716,000 after acquiring an additional 37,668 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of GMS by 6.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,143,477 shares of the company’s stock worth $40,067,000 after buying an additional 66,383 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of GMS by 43.4% in the 2nd quarter. Wells Fargo & Company MN now owns 960,661 shares of the company’s stock worth $26,994,000 after buying an additional 290,711 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of GMS by 1,659.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 827,403 shares of the company’s stock worth $23,250,000 after buying an additional 780,368 shares in the last quarter. Institutional investors own 55.51% of the company’s stock.
GMS Company Profile
GMS Inc is a distributor of wallboard and suspended ceilings systems, or ceilings. The Company provides a product offering of over 20,000 stock keeping units (SKUs) of wallboard, ceilings and complementary interior construction products for interior contractors. It offers steel framing and ancillary products for its customers.
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