GMS (NYSE:GMS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday.

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. “

GMS has been the topic of several other research reports. Royal Bank Of Canada boosted their target price on shares of GMS from $34.00 to $39.00 and gave the company an “outperform” rating in a research note on Thursday, September 7th. SunTrust Banks restated a “buy” rating and issued a $40.00 target price on shares of GMS in a research note on Friday, November 10th. ValuEngine downgraded shares of GMS from a “buy” rating to a “hold” rating in a research note on Friday. Wells Fargo & Company started coverage on shares of GMS in a research note on Wednesday, October 18th. They issued a “market perform” rating and a $38.00 target price on the stock. Finally, Robert W. Baird restated a “buy” rating and issued a $37.00 target price on shares of GMS in a research note on Monday, October 9th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. GMS presently has an average rating of “Buy” and a consensus price target of $37.38.

Shares of GMS (NYSE GMS) traded up $0.55 during trading hours on Monday, hitting $38.04. 761,671 shares of the stock traded hands, compared to its average volume of 361,339. GMS has a 52 week low of $25.01 and a 52 week high of $38.08. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.80 and a quick ratio of 1.82. The firm has a market cap of $1,550.00 and a P/E ratio of 21.67.

GMS (NYSE:GMS) last issued its earnings results on Wednesday, September 6th. The company reported $0.47 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. GMS had a net margin of 2.28% and a return on equity of 14.13%. The company had revenue of $642.20 million for the quarter, compared to the consensus estimate of $645.19 million. During the same quarter in the previous year, the company earned $0.46 EPS. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. equities research analysts predict that GMS will post 2.01 earnings per share for the current fiscal year.

In related news, CEO G Michael Callahan, Jr. sold 12,500 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $34.73, for a total transaction of $434,125.00. Following the transaction, the chief executive officer now owns 528,418 shares in the company, valued at approximately $18,351,957.14. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Lynn Ross sold 1,894 shares of the company’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $34.77, for a total transaction of $65,854.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 202,676 shares of company stock worth $7,488,934. 5.90% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rubric Capital Management LP lifted its position in GMS by 48.9% during the 3rd quarter. Rubric Capital Management LP now owns 675,000 shares of the company’s stock valued at $23,895,000 after purchasing an additional 221,546 shares during the period. GSA Capital Partners LLP acquired a new position in GMS during the 3rd quarter valued at about $755,000. California Public Employees Retirement System acquired a new position in GMS during the 3rd quarter valued at about $234,000. Davidson Kempner Capital Management LP acquired a new position in GMS during the 3rd quarter valued at about $15,930,000. Finally, Janney Capital Management LLC acquired a new position in GMS during the 3rd quarter valued at about $708,000. Institutional investors and hedge funds own 59.34% of the company’s stock.

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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.

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