Shares of GMS Inc. (NYSE:GMS) have received a consensus rating of “Buy” from the nine analysts that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $36.83.
Several brokerages have recently issued reports on GMS. Robert W. Baird reissued a “buy” rating and set a $37.00 price target on shares of GMS in a research report on Monday, October 9th. Royal Bank Of Canada reissued a “buy” rating and set a $39.00 price target on shares of GMS in a research report on Tuesday, October 10th. Wells Fargo & Company began coverage on shares of GMS in a research report on Wednesday, October 18th. They set a “market perform” rating and a $38.00 price target on the stock. Zacks Investment Research raised shares of GMS from a “sell” rating to a “hold” rating in a research report on Monday, September 4th. Finally, Stephens reduced 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.
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GMS (NYSE GMS) traded down 0.47% on Friday, reaching $33.67. 221,181 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $34.64 and a 200-day moving average of $34.64. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 25.70 and a beta of 3.40. GMS has a one year low of $20.51 and a one year high of $36.99.
GMS (NYSE:GMS) last issued its quarterly earnings results on Wednesday, September 6th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. The business had revenue of $642.20 million for the quarter, compared to analysts’ expectations of $645.19 million. GMS had a net margin of 2.28% and a return on equity of 14.13%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 earnings per share. Equities research analysts forecast that GMS will post $2.01 EPS for the current fiscal year.
In related news, CEO G Michael Callahan, Jr. sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $34.52, for a total value of $431,500.00. Following the sale, the chief executive officer now owns 528,418 shares of the company’s stock, valued at $18,240,989.36. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Lynn Ross sold 1,894 shares of the firm’s stock in a transaction that occurred 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. In the last ninety days, insiders sold 26,894 shares of company stock worth $931,479. 5.90% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of GMS. Vanguard Group Inc. raised its holdings in GMS by 71.6% in the first quarter. Vanguard Group Inc. now owns 1,973,231 shares of the company’s stock valued at $69,142,000 after acquiring an additional 822,997 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in GMS by 1,659.1% in the second quarter. The Manufacturers Life Insurance Company now owns 827,403 shares of the company’s stock valued at $23,250,000 after acquiring an additional 780,368 shares in the last quarter. FMR LLC acquired a new stake in GMS in the first quarter valued at approximately $20,972,000. Koch Industries Inc. acquired a new stake in GMS in the second quarter valued at approximately $324,000. Finally, Wells Fargo & Company MN raised its holdings in GMS by 43.4% in the second quarter. Wells Fargo & Company MN now owns 960,661 shares of the company’s stock valued at $26,994,000 after acquiring an additional 290,711 shares in the last quarter. 55.92% of the stock is currently owned by hedge funds and other institutional investors.
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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