GMS Inc (NYSE:GMS)’s share price fell 2.8% during mid-day trading on Thursday . The company traded as low as $24.10 and last traded at $24.33, with a volume of 59,850 shares traded. The stock had previously closed at $25.04.

A number of research firms have recently issued reports on GMS. Royal Bank Of Canada increased their price target on GMS from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday. SunTrust Banks Inc. initiated coverage on GMS in a research report on Monday, June 20th. They set a “buy” rating and a $28.00 price objective on the stock. Credit Suisse Group AG initiated coverage on GMS in a research report on Monday, June 20th. They set an “outperform” rating and a $26.00 price objective on the stock. Robert W. Baird initiated coverage on GMS in a research report on Monday, June 20th. They set a “neutral” rating and a $25.00 price objective on the stock. Finally, Raymond James Financial Inc. initiated coverage on GMS in a research report on Monday, June 20th. They set an “outperform” rating and a $26.00 price objective on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $26.60.

The firm has a market capitalization of $796.32 million and a P/E ratio of 63.71. The company’s 50 day moving average price is $0.00 and its 200-day moving average price is $0.00.

GMS (NYSE:GMS) last issued its earnings results on Tuesday, July 12th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.17. The firm earned $527.20 million during the quarter. The business’s revenue for the quarter was up 30.3% compared to the same quarter last year. On average, equities analysts predict that GMS Inc will post $1.73 EPS for the current year.

In related news, Director Theron I. Gilliam acquired 10,000 shares of the business’s stock in a transaction on Wednesday, June 1st. The shares were bought at an average cost of $21.00 per share, with a total value of $210,000.00. Following the completion of the transaction, 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 can be accessed through this hyperlink. Also, VP Craig D. Apolinsky acquired 4,700 shares of the business’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 $98,700.00. Following the completion of the transaction, 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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