GMS has been the topic of several other reports. Zacks Investment Research cut shares of GMS from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Royal Bank of Canada set a $23.00 price target on shares of GMS and gave the company a “buy” rating in a report on Friday, June 28th. Nomura reaffirmed a “neutral” rating and issued a $20.00 price target (down from $27.00) on shares of GMS in a report on Thursday, May 16th. Finally, TheStreet raised shares of GMS from a “d+” rating to a “c-” rating in a report on Thursday, May 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $24.22.
GMS traded up $0.16 during trading on Thursday, hitting $23.84. The company had a trading volume of 419,100 shares, compared to its average volume of 540,538. The company has a market cap of $935.48 million, a PE ratio of 8.51, a P/E/G ratio of 1.09 and a beta of 2.40. The business has a 50-day moving average of $22.49 and a 200-day moving average of $19.19. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.24 and a quick ratio of 1.43. GMS has a 1-year low of $13.61 and a 1-year high of $28.47.
In other GMS news, CEO G Michael Callahan, Jr. sold 28,950 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $22.61, for a total transaction of $654,559.50. Following the completion of the sale, the chief executive officer now owns 428,314 shares in the company, valued at $9,684,179.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.90% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in GMS. Royce & Associates LP bought a new position in shares of GMS during the first quarter worth about $36,000. Public Employees Retirement System of Ohio grew its position in shares of GMS by 17.1% during the second quarter. Public Employees Retirement System of Ohio now owns 3,174 shares of the company’s stock worth $70,000 after acquiring an additional 463 shares during the last quarter. Glen Harbor Capital Management LLC bought a new position in shares of GMS during the second quarter worth about $70,000. Bank of Montreal Can grew its position in shares of GMS by 419.9% during the second quarter. Bank of Montreal Can now owns 3,296 shares of the company’s stock worth $73,000 after acquiring an additional 2,662 shares during the last quarter. Finally, Riverhead Capital Management LLC bought a new position in shares of GMS during the second quarter worth about $77,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.
GMS Company Profile
GMS Inc distributes wallboards, suspended ceilings systems, and related construction products in the United States and Canada. The company offers wallboard products; and ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings.
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