Shares of GMS Inc (NYSE:GMS) saw strong trading volume on Friday . 275,325 shares were traded during trading, a decline of 26% from the previous session’s volume of 370,054 shares.The stock last traded at $32.57 and had previously closed at $32.83.
A number of analysts recently weighed in on GMS shares. Barclays set a $46.00 target price on shares of GMS and gave the company a “buy” rating in a research note on Sunday, January 7th. Seaport Global Securities raised shares of GMS from a “neutral” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Wednesday, March 7th. They noted that the move was a valuation call. Instinet started coverage on shares of GMS in a research note on Tuesday, March 13th. They issued a “buy” rating and a $40.00 target price on the stock. Nomura started coverage on shares of GMS in a research note on Tuesday, March 13th. They issued a “buy” rating and a $40.00 target price on the stock. Finally, Northcoast Research set a $41.00 target price on shares of GMS and gave the company a “buy” rating in a research note on Wednesday, March 7th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $39.09.
The stock has a market cap of $1,347.04, a P/E ratio of 19.19, a PEG ratio of 2.35 and a beta of 1.56. The company has a current ratio of 2.91, a quick ratio of 1.80 and a debt-to-equity ratio of 1.02.
GMS (NYSE:GMS) last released its quarterly earnings results on Tuesday, March 6th. The company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.22). The firm had revenue of $585.60 million during the quarter, compared to analyst estimates of $602.08 million. GMS had a net margin of 2.70% and a return on equity of 12.75%. GMS’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 earnings per share. equities research analysts forecast that GMS Inc will post 2 EPS for the current fiscal year.
In other GMS news, insider G Michael Callahan, Jr. sold 12,500 shares of the business’s stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of $31.87, for a total value of $398,375.00. Following the transaction, the insider now directly owns 428,419 shares in the company, valued at $13,653,713.53. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider G Michael Callahan, Jr. sold 33,333 shares of the business’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $37.79, for a total transaction of $1,259,654.07. Following the completion of the transaction, the insider now owns 495,085 shares in the company, valued at $18,709,262.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,499 shares of company stock worth $4,709,382. Company insiders own 5.90% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can boosted its position in GMS by 213.7% in 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. SG Americas Securities LLC acquired a new position in GMS in the fourth quarter valued at about $129,000. Macquarie Group Ltd. acquired a new position in GMS in the third quarter valued at about $170,000. Two Sigma Securities LLC acquired a new position in GMS in the fourth quarter valued at about $225,000. Finally, California Public Employees Retirement System acquired a new position in GMS in the third quarter valued at about $234,000. Hedge funds and other institutional investors own 72.83% of the company’s stock.
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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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