GMS (GMS) Downgraded by ValuEngine to “Hold”

GMS (NYSE:GMS) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday.

A number of other research analysts have also issued reports on GMS. Zacks Investment Research lowered GMS from a “hold” rating to a “sell” rating in a research report on Tuesday, November 28th. Wells Fargo & Company began coverage on GMS in a research note on Wednesday, October 18th. They set a “market perform” rating and a $38.00 target price on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $39.00 target price on shares of GMS in a research note on Tuesday, October 10th. Robert W. Baird reaffirmed a “buy” rating and set a $37.00 target price on shares of GMS in a research note on Monday, October 9th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $40.00 target price on shares of GMS in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $37.38.

Shares of GMS (NYSE:GMS) traded up $0.18 on Friday, hitting $37.49. The stock had a trading volume of 675,635 shares, compared to its average volume of 247,611. The firm has a market cap of $1,536.00, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 2.66 and a beta of 3.22. The company has a current ratio of 2.80, a quick ratio of 1.82 and a debt-to-equity ratio of 1.11. GMS has a one year low of $24.73 and a one year high of $37.96.

GMS (NYSE:GMS) last released its quarterly earnings data on Wednesday, September 6th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.47. GMS had a return on equity of 14.13% and a net margin of 2.28%. The business had revenue of $642.20 million during the quarter, compared to analyst estimates of $645.19 million. During the same quarter in the previous year, the firm posted $0.46 EPS. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. sell-side analysts forecast that GMS will post 2.01 EPS for the current year.

In other news, insider Lynn Ross sold 1,894 shares of the business’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $34.77, for a total transaction of $65,854.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO G Michael Callahan, Jr. sold 12,500 shares of the business’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $34.73, for a total value of $434,125.00. Following the sale, the chief executive officer now directly owns 528,418 shares in the company, valued at $18,351,957.14. The disclosure for this sale can be found here. Insiders sold a total of 39,394 shares of company stock worth $1,372,729 in the last three months. Company insiders own 5.90% of the company’s stock.

Several institutional investors have recently made changes to their positions in GMS. Great West Life Assurance Co. Can raised its position in shares of GMS by 213.7% during the third quarter. Great West Life Assurance Co. Can now owns 2,823 shares of the company’s stock worth $100,000 after purchasing an additional 1,923 shares during the period. American International Group Inc. grew its holdings in shares of GMS by 7.0% during the first quarter. American International Group Inc. now owns 4,377 shares of the company’s stock valued at $153,000 after buying an additional 288 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of GMS by 403.2% during the second quarter. Legal & General Group Plc now owns 5,621 shares of the company’s stock valued at $160,000 after buying an additional 4,504 shares in the last quarter. Macquarie Group Ltd. purchased a new position in shares of GMS during the third quarter valued at $170,000. Finally, Metropolitan Life Insurance Co. NY grew its holdings in shares of GMS by 386.4% during the first quarter. Metropolitan Life Insurance Co. NY now owns 5,190 shares of the company’s stock valued at $182,000 after buying an additional 4,123 shares in the last quarter. 59.29% of the stock is currently owned by institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for GMS (NYSE:GMS)

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