GMS (NYSE:GMS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
According to Zacks, “GMS Inc. is a distributor of wallboard and suspended ceilings systems. The company’s product consists of wallboard, suspended ceilings systems or ceilings and complementary interior construction products in commercial and residential buildings. GMS Inc. is based in Tucker, United States. “
A number of other analysts also recently weighed in on GMS. Nomura raised their price target on shares of GMS from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, August 31st. Raymond James raised their price target on shares of GMS from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 31st. ValuEngine downgraded shares of GMS from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 4th. Finally, TheStreet downgraded shares of GMS from a “c-” rating to a “d+” rating in a research report on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. GMS currently has an average rating of “Buy” and a consensus target price of $35.10.
GMS (NYSE:GMS) last released its quarterly earnings results on Tuesday, December 4th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.06). GMS had a return on equity of 15.18% and a net margin of 2.13%. The company had revenue of $833.80 million for the quarter, compared to analyst estimates of $830.54 million. During the same period in the previous year, the business posted $0.51 EPS. The firm’s quarterly revenue was up 28.7% compared to the same quarter last year. On average, research analysts predict that GMS will post 3.3 EPS for the current year.
In other GMS news, Director John J. Gavin acquired 4,150 shares of the firm’s stock in a transaction on Monday, September 10th. The stock was purchased at an average price of $24.13 per share, with a total value of $100,139.50. Following the completion of the acquisition, the director now directly owns 16,966 shares in the company, valued at approximately $409,389.58. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Richard Alan Adams acquired 3,000 shares of the firm’s stock in a transaction on Wednesday, September 5th. The stock was acquired at an average cost of $24.14 per share, with a total value of $72,420.00. Following the acquisition, the vice president now owns 175,000 shares of the company’s stock, valued at $4,224,500. The disclosure for this purchase can be found here. Insiders own 4.90% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its stake in GMS by 1,452.7% in the third quarter. Tower Research Capital LLC TRC now owns 5,652 shares of the company’s stock valued at $132,000 after buying an additional 5,288 shares during the last quarter. Raymond James & Associates bought a new stake in GMS in the second quarter valued at $216,000. PEAK6 Investments LLC bought a new stake in GMS in the third quarter valued at $217,000. Verition Fund Management LLC bought a new stake in GMS in the third quarter valued at $250,000. Finally, California Public Employees Retirement System lifted its stake in GMS by 54.7% in the second quarter. California Public Employees Retirement System now owns 12,063 shares of the company’s stock valued at $327,000 after buying an additional 4,263 shares during the last quarter. 74.69% of the stock is owned by hedge funds and other institutional investors.
GMS Inc distributes wallboards, suspended ceilings systems, and related construction products in the United States and Canada. The company offers wallboard products; and ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings.
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