GMS Inc (GMS) Given Average Recommendation of “Buy” by Brokerages

GMS Inc (NYSE:GMS) has received a consensus rating of “Buy” from the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $40.29.

GMS has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $46.00 target price on shares of GMS in a report on Friday, December 8th. Zacks Investment Research raised GMS from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Wednesday, November 1st. SunTrust Banks reaffirmed a “buy” rating and issued a $40.00 target price on shares of GMS in a report on Friday, November 10th. ValuEngine lowered GMS from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Barclays set a $46.00 target price on GMS and gave the company a “buy” rating in a report on Sunday, January 7th.

In related news, CEO G Michael Callahan, Jr. sold 12,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $35.30, for a total value of $441,250.00. Following the transaction, the chief executive officer now owns 528,418 shares in the company, valued at $18,653,155.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Richard K. Mueller sold 500,000 shares of the company’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 $19,025,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,234,115 shares of company stock valued at $198,991,609. 5.90% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of GMS. The Manufacturers Life Insurance Company lifted its stake in GMS by 1,659.1% in the second quarter. The Manufacturers Life Insurance Company now owns 827,403 shares of the company’s stock valued at $23,250,000 after purchasing an additional 780,368 shares during the last quarter. Citadel Advisors LLC lifted its stake in GMS by 141.4% in the fourth quarter. Citadel Advisors LLC now owns 974,060 shares of the company’s stock valued at $36,664,000 after purchasing an additional 570,485 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in GMS in the third quarter valued at approximately $16,433,000. Davidson Kempner Capital Management LP purchased a new position in GMS in the third quarter valued at approximately $15,930,000. Finally, Copper Rock Capital Partners LLC lifted its stake in GMS by 47.4% in the fourth quarter. Copper Rock Capital Partners LLC now owns 1,165,143 shares of the company’s stock valued at $43,798,000 after purchasing an additional 374,438 shares during the last quarter. Institutional investors and hedge funds own 60.24% of the company’s stock.

Shares of GMS (GMS) traded down $0.22 on Tuesday, reaching $32.33. The company’s stock had a trading volume of 358,451 shares, compared to its average volume of 314,857. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.62 and a quick ratio of 1.70. The company has a market cap of $1,326.53, a price-to-earnings ratio of 24.31, a P/E/G ratio of 2.29 and a beta of 1.42. GMS has a 1 year low of $27.20 and a 1 year high of $39.98.

GMS (NYSE:GMS) last issued its quarterly earnings data on Thursday, December 7th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The company had revenue of $648.00 million for the quarter, compared to the consensus estimate of $662.03 million. GMS had a return on equity of 14.24% and a net margin of 2.26%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 earnings per share. analysts expect that GMS will post 2.01 earnings per share for the current year.

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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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