GMS Inc (NYSE:GMS) has been given a consensus rating of “Buy” by the twelve ratings firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $39.20.
GMS has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $46.00 price target on shares of GMS in a research report on Friday, December 8th. Barclays reiterated a “buy” rating and issued a $42.00 target price on shares of GMS in a research note on Wednesday, March 7th. SunTrust Banks reiterated a “buy” rating and issued a $40.00 target price on shares of GMS in a research note on Tuesday, March 6th. They noted that the move was a valuation call. Zacks Investment Research upgraded GMS from a “sell” rating to a “hold” rating in a research note on Monday, December 4th. Finally, Seaport Global Securities upgraded 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.
Shares of GMS traded down $0.73 during midday trading on Wednesday, hitting $29.83. The company had a trading volume of 49,312 shares, compared to its average volume of 351,497. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.80 and a current ratio of 2.91. The stock has a market capitalization of $1,253.90, a PE ratio of 18.63, a PEG ratio of 2.18 and a beta of 1.55. GMS has a 1 year low of $27.20 and a 1 year high of $39.98.
In related news, insider G Michael Callahan, Jr. sold 12,500 shares of GMS stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $36.82, for a total value of $460,250.00. Following the sale, the insider now directly owns 495,085 shares in the company, valued at $18,229,029.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider G Michael Callahan, Jr. sold 33,333 shares of GMS stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $32.17, for a total value of $1,072,322.61. Following the completion of the sale, the insider now owns 461,752 shares in the company, valued at $14,854,561.84. 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.
Institutional investors and hedge funds have recently bought and sold shares of the business. First Trust Advisors LP acquired a new position in GMS in the third quarter valued at $611,000. Victory Capital Management Inc. acquired a new stake in GMS during the third quarter worth about $182,000. Bank of New York Mellon Corp increased its stake in GMS by 14.2% during the third quarter. Bank of New York Mellon Corp now owns 104,875 shares of the company’s stock worth $3,713,000 after acquiring an additional 13,048 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in GMS during the third quarter worth about $170,000. Finally, American International Group Inc. increased its stake in GMS by 25.0% during the third quarter. American International Group Inc. now owns 18,270 shares of the company’s stock worth $647,000 after acquiring an additional 3,656 shares during the last quarter. Institutional investors own 72.83% of the company’s stock.
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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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