Barclays set a $43.00 target price on GMS (NYSE:GMS) in a research report report published on Friday. The firm currently has a buy rating on the stock.
GMS has been the subject of a number of other research reports. Zacks Investment Research lowered shares of GMS from a buy rating to a hold rating in a research report on Friday, November 3rd. Royal Bank of Canada reiterated a buy rating and issued a $46.00 target price on shares of GMS in a research report on Friday. ValuEngine lowered shares of GMS from a buy rating to a hold rating in a research report on Friday, December 1st. SunTrust Banks restated a buy rating and set a $40.00 price objective on shares of GMS in a research report on Friday, November 10th. Finally, Robert W. Baird restated a buy rating and set a $37.00 price objective on shares of GMS in a research report on Monday, October 9th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $39.63.
GMS (NYSE GMS) opened at $38.97 on Friday. The stock has a market cap of $1,582.56, a PE ratio of 21.67, a P/E/G ratio of 2.75 and a beta of 3.20. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.62 and a quick ratio of 1.70. GMS has a 12-month low of $25.87 and a 12-month high of $39.98.
GMS (NYSE:GMS) last announced its earnings results 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). The company had revenue of $648.00 million during the quarter, compared to the consensus estimate of $662.03 million. GMS had a net margin of 2.26% and a return on equity of 14.24%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 EPS. equities analysts forecast that GMS will post 2.01 earnings per share for the current fiscal year.
In other GMS news, CEO G Michael Callahan, Jr. sold 12,500 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $34.52, for a total transaction of $431,500.00. Following the completion of the sale, the chief executive officer now directly owns 528,418 shares of the company’s stock, valued at $18,240,989.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lynn Ross sold 1,894 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $34.77, for a total transaction of $65,854.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 202,676 shares of company stock valued at $7,488,934. Insiders own 5.90% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Great West Life Assurance Co. Can lifted its stake in GMS by 213.7% during the third quarter. Great West Life Assurance Co. Can now owns 2,823 shares of the company’s stock valued at $100,000 after buying an additional 1,923 shares in the last quarter. Legal & General Group Plc lifted its stake in GMS by 403.2% during the second quarter. Legal & General Group Plc now owns 5,621 shares of the company’s stock valued at $160,000 after buying an additional 4,504 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in GMS during the third quarter valued at about $170,000. Metropolitan Life Insurance Co. NY lifted its stake in GMS by 386.4% during the first quarter. Metropolitan Life Insurance Co. NY now owns 5,190 shares of the company’s stock valued at $182,000 after buying an additional 4,123 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in GMS during the third quarter valued at about $182,000. 59.34% of the stock is owned by 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.
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