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

Several equities research analysts have commented on GMS shares. Credit Suisse Group AG started coverage on shares of GMS in a research report on Monday, June 20th. They set an “outperform” rating and a $26.00 price target on the stock. Royal Bank Of Canada started coverage on shares of GMS in a research report on Monday, June 20th. They set an “outperform” rating and a $27.00 price target on the stock. SunTrust Banks Inc. started coverage on shares of GMS in a research report on Monday, June 20th. They set a “buy” rating and a $28.00 price target on the stock. Stephens started coverage on shares of GMS in a research report on Monday, June 20th. They set an “overweight” rating on the stock. Finally, Robert W. Baird started coverage on shares of GMS in a research report on Monday, June 20th. They set a “neutral” rating and a $25.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. GMS has a consensus rating of “Buy” and an average price target of $26.60.

The stock has a market cap of $79.78 million and a P/E ratio of 17.44. The stock’s 50 day moving average price is $0.00 and its 200 day moving average price is $0.00.

GMS (NYSE:GMS) last posted its quarterly earnings results on Tuesday, July 12th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.17. The company earned $527.20 million during the quarter. The firm’s revenue was up 30.3% compared to the same quarter last year. Equities analysts predict that GMS Inc will post $1.07 earnings per share for the current year.

In related news, Director Theron I. Gilliam purchased 10,000 shares of GMS stock in a transaction on Wednesday, June 1st. The stock was acquired at an average cost of $21.00 per share, for a total transaction of $210,000.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $210,000. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Craig D. Apolinsky purchased 4,700 shares of GMS stock in a transaction on Wednesday, June 1st. The stock was bought at an average price of $21.00 per share, with a total value of $98,700.00. Following the completion of the acquisition, the vice president now directly owns 4,700 shares of the company’s stock, valued at approximately $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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