Barclays set a $46.00 price target on GMS (NYSE:GMS) in a report issued on Sunday. The brokerage currently has a buy rating on the stock.

Other analysts also recently issued research reports about the company. Robert W. Baird reaffirmed a buy rating and issued a $37.00 price objective on shares of GMS in a research note on Monday, October 9th. Wells Fargo & Co began coverage on GMS in a research note on Wednesday, October 18th. They issued a market perform rating and a $38.00 price objective on the stock. Royal Bank of Canada reaffirmed a buy rating and issued a $39.00 price objective on shares of GMS in a research note on Tuesday, October 10th. SunTrust Banks lifted their price objective on GMS to $45.00 and gave the stock a buy rating in a research note on Monday, December 11th. Finally, ValuEngine downgraded GMS from a buy rating to a hold rating in a research note on Friday, December 1st. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $40.00.

GMS (NYSE GMS) traded down $0.04 during midday trading on Friday, reaching $37.80. The company had a trading volume of 231,000 shares, compared to its average volume of 333,933. The company has a current ratio of 2.62, a quick ratio of 1.70 and a debt-to-equity ratio of 1.06. GMS has a one year low of $27.20 and a one year high of $39.98. The stock has a market cap of $1,530.00 and a PE ratio of 28.42.

GMS (NYSE:GMS) last released its quarterly earnings data on Thursday, December 7th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.03). GMS had a return on equity of 13.41% and a net margin of 2.78%. The firm had revenue of $648.00 million during the quarter, compared to the consensus estimate of $662.03 million. During the same period in the previous year, the firm earned $0.49 EPS. The business’s revenue was up 9.5% compared to the same quarter last year. sell-side analysts predict that GMS will post 1.99 earnings per share for the current fiscal year.

In other news, CEO G Michael Callahan, Jr. sold 12,500 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $37.14, for a total transaction of $464,250.00. Following the transaction, the chief executive officer now owns 528,418 shares of the company’s stock, valued at approximately $19,625,444.52. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Investors Lp Aea sold 4,500,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $38.05, for a total value of $171,225,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,200,782 shares of company stock worth $197,703,205. Corporate insiders own 5.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can increased its position in shares of GMS by 213.7% during 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 during the last quarter. California State Teachers Retirement System increased its position in shares of GMS by 5.5% during the 3rd quarter. California State Teachers Retirement System now owns 44,004 shares of the company’s stock valued at $1,558,000 after purchasing an additional 2,287 shares during the last quarter. Emerald Advisers Inc. PA increased its position in shares of GMS by 0.4% during the 3rd quarter. Emerald Advisers Inc. PA now owns 819,787 shares of the company’s stock valued at $29,020,000 after purchasing an additional 3,530 shares during the last quarter. American International Group Inc. increased its position in shares of GMS by 25.0% during the 3rd quarter. American International Group Inc. now owns 18,270 shares of the company’s stock valued at $647,000 after purchasing an additional 3,656 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of GMS by 403.2% during 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 during the last quarter. 59.25% of the stock is currently owned by hedge funds and other institutional investors.

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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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