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

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. “

Several other equities analysts have also weighed in on GMS. Royal Bank Of Canada increased their price objective on GMS from $34.00 to $39.00 and gave the company an outperform rating in a report on Thursday, September 7th. Robert W. Baird reissued a buy rating and set a $37.00 price objective on shares of GMS in a report on Monday, October 9th. Finally, Wells Fargo & Company initiated coverage on GMS in a report on Wednesday, October 18th. They issued a market perform rating and a $38.00 price target for the company. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $37.00.

GMS (NYSE:GMS) opened at $34.03 on Friday. GMS has a twelve month low of $20.68 and a twelve month high of $36.99. The firm has a market capitalization of $1,394.24, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 2.42 and a beta of 3.14. The company has a current ratio of 2.80, a quick ratio of 1.82 and a debt-to-equity ratio of 1.11.

GMS (NYSE:GMS) last announced its quarterly earnings data on Wednesday, September 6th. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. GMS had a return on equity of 14.13% and a net margin of 2.28%. The business had revenue of $642.20 million during the quarter, compared to analyst estimates of $645.19 million. During the same period in the prior year, the company earned $0.46 earnings per share. GMS’s revenue was up 16.8% compared to the same quarter last year. equities research analysts predict that GMS will post 2.01 EPS for the current year.

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In related news, insider Lynn Ross sold 1,894 shares of GMS stock in a transaction on Monday, September 25th. The stock was sold at an average price of $34.77, for a total transaction of $65,854.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO G Michael Callahan, Jr. sold 12,500 shares of GMS stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $34.52, for a total value of $431,500.00. Following the sale, the chief executive officer now directly owns 528,418 shares of the company’s stock, valued at approximately $18,240,989.36. The disclosure for this sale can be found here. Insiders sold 26,894 shares of company stock valued at $931,479 over the last ninety days. Corporate insiders own 5.90% of the company’s stock.

A number of large investors have recently bought and sold shares of GMS. Bank of New York Mellon Corp boosted its stake in GMS by 49.4% during the first quarter. Bank of New York Mellon Corp now owns 45,055 shares of the company’s stock valued at $1,578,000 after buying an additional 14,893 shares during the period. JPMorgan Chase & Co. boosted its stake in GMS by 415.8% during the first quarter. JPMorgan Chase & Co. now owns 44,811 shares of the company’s stock valued at $1,570,000 after buying an additional 36,124 shares during the period. American International Group Inc. boosted its stake in GMS by 7.0% during the first quarter. American International Group Inc. now owns 4,377 shares of the company’s stock valued at $153,000 after buying an additional 288 shares during the period. FMR LLC bought a new stake in GMS during the first quarter valued at $20,972,000. Finally, Vanguard Group Inc. boosted its stake in GMS by 71.6% during the first quarter. Vanguard Group Inc. now owns 1,973,231 shares of the company’s stock valued at $69,142,000 after buying an additional 822,997 shares during the period. 56.16% of the stock is owned by institutional investors.

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.

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