Stephens Trims GMS Inc. (GMS) Target Price to $36.00

GMS Inc. (NYSE:GMS) had its target price lowered by investment analysts at Stephens from $40.00 to $36.00 in a report released on Monday, July 3rd. The brokerage currently has an “overweight” rating on the stock. Stephens’ target price indicates a potential upside of 20.20% from the company’s previous close.

A number of other brokerages have also recently commented on GMS. Seaport Global Securities began coverage on GMS in a research report on Thursday, March 16th. They issued a “neutral” rating for the company. ValuEngine upgraded GMS from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research cut GMS from a “buy” rating to a “hold” rating in a research report on Monday, March 13th. Barclays PLC restated an “overweight” rating and issued a $37.00 price target (up previously from $36.00) on shares of GMS in a research report on Saturday, March 11th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $38.00 target price (up previously from $32.00) on shares of GMS in a research report on Monday, March 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $36.17.

GMS (GMS) traded up 0.81% during trading on Monday, hitting $29.95. 193,345 shares of the company’s stock traded hands. The company’s 50 day moving average price is $30.08 and its 200 day moving average price is $31.94. The company has a market cap of $1.23 billion, a PE ratio of 25.17 and a beta of 3.49. GMS has a 52-week low of $20.23 and a 52-week high of $36.99.

GMS (NYSE:GMS) last posted its quarterly earnings data on Thursday, June 29th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The company had revenue of $615 million during the quarter, compared to analysts’ expectations of $614.93 million. GMS had a return on equity of 14.15% and a net margin of 2.11%. GMS’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 earnings per share. Analysts expect that GMS will post $1.99 earnings per share for the current year.

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In related news, Chairman Richard K. Mueller sold 1,000,000 shares of the stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $31.68, for a total transaction of $31,680,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Richard Alan Adams sold 83,950 shares of the stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $31.68, for a total value of $2,659,536.00. Following the transaction, the senior vice president now directly owns 170,000 shares of the company’s stock, valued at $5,385,600. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,986,079 shares of company stock valued at $126,278,983.

Several large investors have recently bought and sold shares of the stock. State Street Corp raised its stake in GMS by 9.6% in the fourth quarter. State Street Corp now owns 123,409 shares of the company’s stock valued at $3,611,000 after buying an additional 10,847 shares during the last quarter. GSA Capital Partners LLP raised its stake in GMS by 9.6% in the fourth quarter. GSA Capital Partners LLP now owns 16,573 shares of the company’s stock valued at $485,000 after buying an additional 1,453 shares during the last quarter. Nationwide Fund Advisors raised its stake in GMS by 1,496.5% in the first quarter. Nationwide Fund Advisors now owns 73,185 shares of the company’s stock valued at $2,564,000 after buying an additional 68,601 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in GMS during the first quarter valued at about $627,000. Finally, Emerald Mutual Fund Advisers Trust raised its stake in GMS by 3.1% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 532,113 shares of the company’s stock valued at $18,645,000 after buying an additional 15,870 shares during the last quarter. 41.13% of the stock is owned by institutional investors and hedge funds.

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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