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.
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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