Shares of GMS Inc. (NYSE:GMS) have been assigned a consensus recommendation of “Buy” from the eight research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $36.20.
Several research analysts have recently commented on GMS shares. ValuEngine raised GMS from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $38.00 target price on shares of GMS in a research note on Monday, June 19th. Northcoast Research raised GMS from a “neutral” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Monday, July 3rd. Stephens cut their target price on GMS from $40.00 to $36.00 and set an “overweight” rating for the company in a research note on Monday, July 3rd. Finally, Zacks Investment Research lowered GMS from a “hold” rating to a “sell” rating in a research note on Monday, July 3rd.
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In other GMS news, major shareholder Investors Lp Aea sold 2,902,129 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $31.68, for a total value of $91,939,446.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Richard Alan Adams sold 83,950 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $31.68, for a total value of $2,659,536.00. Following the completion of the sale, the senior vice president now directly owns 170,000 shares of the company’s stock, valued at approximately $5,385,600. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,986,079 shares of company stock valued at $126,278,983.
Hedge funds have recently modified their holdings of the company. Citadel Advisors LLC raised its stake in shares of GMS by 294.7% in the first quarter. Citadel Advisors LLC now owns 1,162,177 shares of the company’s stock valued at $40,722,000 after buying an additional 867,736 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of 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 buying an additional 822,997 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of 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 buying an additional 780,368 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of GMS by 13,592.0% in the first quarter. Wells Fargo & Company MN now owns 669,950 shares of the company’s stock valued at $23,476,000 after buying an additional 665,057 shares in the last quarter. Finally, FMR LLC purchased a new stake in shares of GMS during the first quarter valued at about $20,972,000. 41.32% of the stock is owned by institutional investors and hedge funds.
GMS (NYSE GMS) traded down 1.35% on Tuesday, hitting $28.50. 264,968 shares of the stock were exchanged. The firm has a market cap of $1.17 billion, a PE ratio of 23.95 and a beta of 3.53. GMS has a 52-week low of $20.23 and a 52-week high of $36.99. The company has a 50-day moving average price of $29.23 and a 200-day moving average price of $31.93.
GMS (NYSE:GMS) last issued its quarterly earnings data on Thursday, June 29th. The company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. GMS had a return on equity of 14.15% and a net margin of 2.11%. The company had revenue of $615 million during the quarter, compared to analyst estimates of $614.93 million. During the same quarter in the previous year, the firm earned $0.53 earnings per share. GMS’s revenue was up 16.7% on a year-over-year basis. On average, equities research analysts anticipate that GMS will post $1.99 EPS for the current fiscal year.
About GMS
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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