GMS Inc (NYSE:GMS) shares hit a new 52-week high on Wednesday . The company traded as high as $26.22 and last traded at $26.15, with a volume of 79,465 shares changing hands. The stock had previously closed at $25.46.

GMS has been the topic of a number of recent analyst reports. Royal Bank Of Canada initiated coverage on GMS in a research note on Monday, June 20th. They issued an “outperform” rating and a $27.00 price objective on the stock. Stephens initiated coverage on GMS in a research note on Monday, June 20th. They issued an “overweight” rating on the stock. SunTrust Banks Inc. initiated coverage on GMS in a research report on Monday, June 20th. They issued a “buy” rating and a $28.00 price target on the stock. Credit Suisse Group AG initiated coverage on GMS in a research report on Monday, June 20th. They issued an “outperform” rating and a $26.00 price target on the stock. Finally, Raymond James Financial Inc. initiated coverage on GMS in a research report on Monday, June 20th. They issued an “outperform” rating and a $26.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $26.60.

The company 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 $1.04 billion and a P/E ratio of 67.13.

GMS (NYSE:GMS) last released its quarterly earnings data on Tuesday, July 12th. The company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.17. The firm had revenue of $527.20 million for the quarter. The business’s quarterly revenue was up 30.3% on a year-over-year basis. On average, analysts anticipate that GMS Inc will post $1.73 earnings per share for the current year.

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