Shares of GMS Inc (NYSE:GMS) dropped 5.4% during mid-day trading on Friday . The stock traded as low as $14.94 and last traded at $15.10. Approximately 534,969 shares traded hands during trading, a decline of 13% from the average daily volume of 616,719 shares. The stock had previously closed at $15.97.

GMS has been the subject of several recent research reports. Northcoast Research raised GMS to a “buy” rating and set a $34.00 price target for the company in a report on Thursday, December 20th. Nomura set a $29.00 price target on GMS and gave the company a “buy” rating in a report on Monday, December 17th. Barclays set a $21.00 price target on GMS and gave the company a “buy” rating in a report on Wednesday, December 12th. Stephens set a $22.00 price target on GMS and gave the company a “buy” rating in a report on Monday, December 10th. Finally, SunTrust Banks cut their price target on GMS to $26.00 and set a “buy” rating for the company in a report on Thursday, December 6th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $25.44.

The company has a market capitalization of $637.39 million, a price-to-earnings ratio of 7.51, a PEG ratio of 0.77 and a beta of 2.39. The company has a debt-to-equity ratio of 1.88, a current ratio of 2.85 and a quick ratio of 1.76.

GMS (NYSE:GMS) last released its quarterly earnings data on Tuesday, March 5th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.13). The business had revenue of $723.90 million during the quarter, compared to the consensus estimate of $741.43 million. GMS had a return on equity of 18.49% and a net margin of 1.66%. The business’s revenue was up 23.6% on a year-over-year basis. During the same period last year, the company earned $0.47 EPS. As a group, equities analysts predict that GMS Inc will post 2.9 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of GMS by 2.0% in the fourth quarter. BlackRock Inc. now owns 2,160,644 shares of the company’s stock worth $32,107,000 after acquiring an additional 41,335 shares during the period. Rubric Capital Management LP boosted its stake in shares of GMS by 8.6% in the third quarter. Rubric Capital Management LP now owns 2,008,392 shares of the company’s stock worth $46,595,000 after acquiring an additional 158,392 shares during the period. FMR LLC boosted its stake in shares of GMS by 52.8% in the third quarter. FMR LLC now owns 1,733,701 shares of the company’s stock worth $40,222,000 after acquiring an additional 599,001 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in GMS by 8.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,586,258 shares of the company’s stock valued at $23,572,000 after buying an additional 129,983 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in GMS by 48.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,314,769 shares of the company’s stock valued at $19,538,000 after buying an additional 428,497 shares during the last quarter. 75.58% of the stock is owned by hedge funds and other institutional investors.

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About GMS (NYSE:GMS)

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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