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.
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