Barclays assumed coverage on shares of GMS (NYSE:GMS) in a research report released on Friday. The brokerage issued an overweight rating and a $30.00 price objective on the stock.
Other analysts have also recently issued research reports about the company. TheStreet raised GMS from a c rating to a b- rating in a report on Friday, May 25th. Instinet assumed coverage on GMS in a report on Tuesday, March 13th. They issued a buy rating and a $40.00 price target on the stock. Zacks Investment Research raised GMS from a hold rating to a buy rating and set a $34.00 price target on the stock in a report on Wednesday, May 9th. ValuEngine cut GMS from a hold rating to a sell rating in a report on Thursday. Finally, Nomura assumed coverage on GMS in a report on Tuesday, March 13th. They issued a buy rating and a $40.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $36.50.
Shares of GMS opened at $27.09 on Friday. The stock has a market cap of $1.11 billion, a P/E ratio of 13.48, a P/E/G ratio of 1.40 and a beta of 1.47. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.80 and a current ratio of 2.91. GMS has a 52-week low of $23.50 and a 52-week high of $39.98.
GMS (NYSE:GMS) last issued its quarterly earnings data on Thursday, June 28th. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). The company had revenue of $635.80 million for the quarter, compared to analysts’ expectations of $674.08 million. GMS had a return on equity of 13.19% and a net margin of 2.51%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the company posted $0.48 EPS. research analysts expect that GMS will post 2.76 EPS for the current year.
In other news, insider G Michael Callahan, Jr. sold 12,500 shares of the stock in a transaction dated Tuesday, May 22nd. The stock was sold at an average price of $29.32, for a total transaction of $366,500.00. Following the transaction, the insider now directly owns 428,314 shares in the company, valued at approximately $12,558,166.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 37,605 shares of company stock worth $1,154,610 over the last quarter. Corporate insiders own 5.90% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. MetLife Investment Advisors LLC increased its position in shares of GMS by 13.7% during the 1st quarter. MetLife Investment Advisors LLC now owns 14,993 shares of the company’s stock valued at $458,000 after purchasing an additional 1,810 shares during the last quarter. American International Group Inc. grew its position in GMS by 12.3% during the 1st quarter. American International Group Inc. now owns 20,796 shares of the company’s stock worth $636,000 after acquiring an additional 2,285 shares during the last quarter. SG Americas Securities LLC grew its position in GMS by 67.8% during the 1st quarter. SG Americas Securities LLC now owns 5,745 shares of the company’s stock worth $176,000 after acquiring an additional 2,322 shares during the last quarter. Paloma Partners Management Co grew its position in GMS by 42.1% during the 4th quarter. Paloma Partners Management Co now owns 8,719 shares of the company’s stock worth $328,000 after acquiring an additional 2,583 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in GMS by 54.2% during the 1st quarter. Victory Capital Management Inc. now owns 8,688 shares of the company’s stock worth $266,000 after acquiring an additional 3,055 shares during the last quarter. Hedge funds and other institutional investors own 74.04% of the company’s stock.
GMS Inc distributes wallboards, suspended ceilings systems, and complementary interior construction products in North America. The company offers wallboard products; and ceilings products, such as suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and other commercial and institutional buildings.
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