GMS Inc (GMS) Trading Up 2.6%
Shares of GMS Inc (NYSE:GMS) were up 2.6% during mid-day trading on Monday . The stock traded as high as $25.64 and last traded at $25.13, with a volume of 92,822 shares traded. The stock had previously closed at $24.50.
Several analysts have 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 target price for the company. Royal Bank Of Canada started coverage on GMS in a research note on Monday, June 20th. They issued an “outperform” rating and a $27.00 target price for the company. SunTrust Banks Inc. started coverage on GMS in a research note on Monday, June 20th. They issued a “buy” rating and a $28.00 target price for the company. Stephens started coverage on GMS in a research note on Monday, June 20th. They issued an “overweight” rating for the company. Finally, Robert W. Baird started coverage on GMS in a research note on Monday, June 20th. They issued a “neutral” rating and a $25.00 target price for the company. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. GMS currently has an average rating of “Buy” and an average price target of $26.60.
The company has a market capitalization of $1.04 billion and a PE ratio of 67.00. The firm’s 50 day moving average is $0.00 and its 200 day moving average is $0.00.
GMS (NYSE:GMS) last posted its quarterly earnings data on Tuesday, July 12th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.36 by $0.17. The company earned $527.20 million during the quarter. The business’s quarterly revenue was up 30.3% on a year-over-year basis. Analysts forecast that GMS Inc will post $1.73 EPS for the current fiscal year.
In related news, Director Theron I. Gilliam acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 1st. The shares were purchased at an average price of $21.00 per share, with a total value 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 $210,000. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Craig D. Apolinsky acquired 4,700 shares of the firm’s stock in a transaction dated 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 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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