GMS Inc (NYSE:GMS)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $24.46 and last traded at $24.21, with a volume of 106,840 shares changing hands. The stock had previously closed at $23.40.

Several equities analysts have recently issued reports on GMS shares. Credit Suisse Group AG started coverage on GMS in a research note on Monday, June 20th. They issued an “outperform” rating and a $26.00 price objective for the company. Royal Bank Of Canada started coverage on GMS in a research report on Monday, June 20th. They set an “outperform” rating and a $27.00 target price on the stock. SunTrust Banks Inc. started coverage on GMS in a research report on Monday, June 20th. They set a “buy” rating and a $28.00 target price on the stock. Stephens started coverage on GMS in a research report on Monday, June 20th. They set an “overweight” rating on the stock. Finally, Robert W. Baird started coverage on GMS in a research report on Monday, June 20th. They set a “neutral” rating and a $25.00 target price on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $26.40.

The firm has a 50 day moving average of $0.00 and a 200 day moving average of $0.00. The firm has a market cap of $78.42 million and a price-to-earnings ratio of 17.14.

In other news, Director Theron I. Gilliam purchased 10,000 shares of the company’s stock in a transaction on Wednesday, June 1st. The stock was bought at an average cost of $21.00 per share, for a total transaction of $210,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $210,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Craig D. Apolinsky purchased 4,700 shares of the company’s stock in a transaction on Wednesday, June 1st. The shares were purchased at an average price of $21.00 per share, with a total value of $98,700.00. Following the completion of the purchase, the vice president now directly owns 4,700 shares of the company’s stock, valued at $98,700. The disclosure for this purchase can be found here.

GMS Inc is a distributor of wallboard and suspended ceilings systems. The Company’s seven segments include Central, Northeast, Southern, Southeast, Southwest and Western, Tool Source Warehouse, Inc and other. It offers wallboard, which is used in building products for interior and exterior walls, and ceilings in residential and commercial structures.

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