Zacks Investment Research lowered shares of GMS (NYSE:GMS) from a buy rating to a hold rating in a research note published on Tuesday.

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 reports. Nomura increased their price objective on shares of GMS from $36.00 to $37.00 and gave the company a buy rating in a research report on Friday, August 31st. ValuEngine downgraded shares of GMS from a sell rating to a strong sell rating in a research report on Thursday, October 4th. TheStreet downgraded shares of GMS from a c- rating to a d+ rating in a research report on Wednesday, October 24th. Finally, Raymond James increased their price objective on shares of GMS from $31.00 to $33.00 and gave the company a buy rating in a research report on Friday, August 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $32.10.

Shares of GMS stock opened at $18.20 on Tuesday. GMS has a one year low of $14.89 and a one year high of $39.98. The stock has a market cap of $709.56 million, a P/E ratio of 9.05, a PEG ratio of 0.75 and a beta of 2.17. The company has a current ratio of 2.75, a quick ratio of 1.93 and a debt-to-equity ratio of 1.88.

GMS (NYSE:GMS) last announced its quarterly earnings data on Tuesday, December 4th. The company reported $0.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.06). GMS had a net margin of 2.23% and a return on equity of 17.36%. The firm had revenue of $833.80 million for the quarter, compared to analysts’ expectations of $830.54 million. During the same period last year, the company posted $0.51 earnings per share. The business’s revenue for the quarter was up 28.7% compared to the same quarter last year. On average, analysts forecast that GMS will post 3.29 EPS for the current year.

In related news, Director John J. Gavin purchased 4,150 shares of the company’s stock in a transaction dated Monday, September 10th. The shares were purchased at an average price of $24.13 per share, with a total value of $100,139.50. Following the acquisition, the director now directly owns 16,966 shares in the company, valued at approximately $409,389.58. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 4.90% of the company’s stock.

Large investors have recently modified their holdings of the company. Clearline Capital LP bought a new position in shares of GMS in the 2nd quarter worth approximately $1,495,000. Davidson Kempner Capital Management LP lifted its stake in shares of GMS by 116.7% in the 2nd quarter. Davidson Kempner Capital Management LP now owns 325,000 shares of the company’s stock worth $8,804,000 after purchasing an additional 175,000 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of GMS by 16.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 370,607 shares of the company’s stock worth $10,040,000 after purchasing an additional 51,400 shares during the period. Sei Investments Co. lifted its stake in shares of GMS by 425.9% in the 2nd quarter. Sei Investments Co. now owns 22,889 shares of the company’s stock worth $620,000 after purchasing an additional 18,537 shares during the period. Finally, Point72 Asset Management L.P. lifted its stake in shares of GMS by 273.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 215,048 shares of the company’s stock worth $5,826,000 after purchasing an additional 157,448 shares during the period. Hedge funds and other institutional investors own 74.69% of the company’s stock.

GMS Company Profile

GMS Inc distributes wallboards, suspended ceilings systems, and related construction products in the United States and Canada. The company offers wallboard products; and ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings.

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