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.

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.

Analyst Recommendations for GMS (NYSE:GMS)

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