GMS Inc. (GMS) Given Consensus Recommendation of “Buy” by Analysts
GMS Inc. (NYSE:GMS) has been given an average rating of “Buy” by the eight brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $36.40.
A number of analysts recently weighed in on GMS shares. Royal Bank Of Canada boosted their target price on GMS from $34.00 to $39.00 and gave the stock an “outperform” rating in a research report on Thursday, September 7th. Zacks Investment Research upgraded shares of GMS from a “sell” rating to a “hold” rating in a research report on Monday, September 4th. 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. Finally, Northcoast Research raised shares of GMS from a “neutral” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Monday, July 3rd.
In other news, insider Lynn Ross sold 1,894 shares of the business’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $34.77, for a total value of $65,854.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO G Michael Callahan, Jr. sold 12,500 shares of the business’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $34.73, for a total value of $434,125.00. Following the completion of the sale, the chief executive officer now directly owns 528,418 shares of the company’s stock, valued at approximately $18,351,957.14. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of GMS. Russell Investments Group Ltd. bought a new position in GMS during the 1st quarter worth approximately $627,000. Bank of New York Mellon Corp increased its stake in GMS by 49.4% in the 1st quarter. Bank of New York Mellon Corp now owns 45,055 shares of the company’s stock worth $1,578,000 after purchasing an additional 14,893 shares during the period. Swiss National Bank increased its stake in GMS by 174.8% in the 1st quarter. Swiss National Bank now owns 37,100 shares of the company’s stock worth $1,300,000 after purchasing an additional 23,600 shares during the period. JPMorgan Chase & Co. increased its stake in GMS by 415.8% in the 1st quarter. JPMorgan Chase & Co. now owns 44,811 shares of the company’s stock worth $1,570,000 after purchasing an additional 36,124 shares during the period. Finally, Victory Capital Management Inc. purchased a new position in GMS in the 1st quarter worth approximately $14,123,000. Institutional investors own 55.51% of the company’s stock.
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GMS (NYSE GMS) traded up 0.9842% during trading on Wednesday, reaching $35.8999. The company’s stock had a trading volume of 193,981 shares. The stock has a 50-day moving average price of $34.51 and a 200 day moving average price of $34.51. The company has a market cap of $1.47 billion, a PE ratio of 27.4884 and a beta of 3.40. GMS has a 52-week low of $20.51 and a 52-week high of $36.08.
GMS (NYSE:GMS) last announced its quarterly earnings data on Wednesday, September 6th. The company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $642.20 million for the quarter, compared to analyst estimates of $645.19 million. GMS had a return on equity of 14.13% and a net margin of 2.28%. The company’s revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.46 EPS. On average, analysts expect that GMS will post $2.01 EPS for the current year.
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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