Shares of GMS Inc (NYSE:GMS) reached a new 52-week high during mid-day trading 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 subject of a number of recent research reports. Robert W. Baird started coverage on shares of GMS in a report on Monday, June 20th. They issued a “neutral” rating and a $25.00 price objective for the company. Credit Suisse Group AG started coverage on shares of GMS in a research report on Monday, June 20th. They issued an “outperform” rating and a $26.00 target price for the company. Raymond James Financial Inc. started coverage on shares of GMS in a research report on Monday, June 20th. They issued an “outperform” rating and a $26.00 target price for the company. SunTrust Banks Inc. started coverage on shares of GMS in a research report on Monday, June 20th. They issued a “buy” rating and a $28.00 target price for the company. Finally, Royal Bank Of Canada started coverage on shares of GMS in a research report on Monday, June 20th. They issued an “outperform” rating and a $27.00 target price for the company. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $26.60.

The stock has a 50-day moving average price of $0.00 and a 200-day moving average price of $0.00. The company has a market capitalization of $1.06 billion and a price-to-earnings ratio of 68.34.

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

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