GMS Inc (GMS) Given Average Rating of “Buy” by Brokerages

GMS Inc (NYSE:GMS) has been given an average rating of “Buy” by the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $40.29.

A number of brokerages recently commented on GMS. Robert W. Baird restated a “buy” rating and set a $37.00 target price on shares of GMS in a report on Monday, October 9th. Wells Fargo & Co began coverage on GMS in a report on Wednesday, October 18th. They set a “market perform” rating and a $38.00 target price for the company. Royal Bank of Canada restated a “buy” rating and set a $39.00 target price on shares of GMS in a report on Tuesday, October 10th. Barclays set a $43.00 target price on GMS and gave the company a “buy” rating in a report on Friday, December 8th. Finally, SunTrust Banks raised their target price on GMS to $45.00 and gave the company a “buy” rating in a report on Monday, December 11th.

In other GMS news, insider G Michael Callahan, Jr. sold 12,500 shares of the stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $36.82, for a total value of $460,250.00. Following the sale, the insider now owns 495,085 shares of the company’s stock, valued at approximately $18,229,029.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard K. Mueller sold 500,000 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $38.05, for a total value of $19,025,000.00. The disclosure for this sale can be found here. Insiders sold a total of 5,234,115 shares of company stock worth $198,991,609 in the last ninety days. 5.90% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of GMS. Great West Life Assurance Co. Can raised its position in GMS by 213.7% in the 3rd quarter. Great West Life Assurance Co. Can now owns 2,823 shares of the company’s stock valued at $100,000 after purchasing an additional 1,923 shares in the last quarter. SG Americas Securities LLC acquired a new stake in GMS in the 4th quarter valued at about $129,000. Legal & General Group Plc raised its position in GMS by 403.2% in the 2nd quarter. Legal & General Group Plc now owns 5,621 shares of the company’s stock valued at $160,000 after purchasing an additional 4,504 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in GMS in the 3rd quarter valued at about $170,000. Finally, Victory Capital Management Inc. acquired a new stake in GMS in the 3rd quarter valued at about $182,000. 60.24% of the stock is currently owned by institutional investors.

Shares of GMS (GMS) traded up $1.10 during trading on Tuesday, reaching $33.79. The company had a trading volume of 230,247 shares, compared to its average volume of 307,893. GMS has a 12 month low of $27.20 and a 12 month high of $39.98. The stock has a market cap of $1,390.00 and a PE ratio of 25.53. The company has a quick ratio of 1.70, a current ratio of 2.62 and a debt-to-equity ratio of 1.06.

GMS (NYSE:GMS) last announced its earnings results on Thursday, December 7th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). GMS had a net margin of 2.26% and a return on equity of 14.24%. The firm had revenue of $648.00 million for the quarter, compared to analysts’ expectations of $662.03 million. During the same quarter last year, the business earned $0.49 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. equities research analysts anticipate that GMS will post 2.01 EPS for the current year.

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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.

Analyst Recommendations for GMS (NYSE:GMS)

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