GMS Inc (NYSE:GMS)’s share price traded down 2.1% during mid-day trading on Tuesday . The company traded as low as $24.82 and last traded at $24.88, with a volume of 77,448 shares traded. The stock had previously closed at $25.42.

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada increased their price target on GMS from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, July 13th. Credit Suisse Group AG reissued a “buy” rating on shares of GMS in a research note on Tuesday, June 28th. Stephens assumed coverage on GMS in a research note on Monday, June 20th. They issued an “overweight” rating for the company. SunTrust Banks Inc. assumed coverage on GMS in a research note on Monday, June 20th. They issued a “buy” rating and a $28.00 price target for the company. Finally, Raymond James Financial Inc. assumed coverage on GMS in a research note on Monday, June 20th. They issued an “outperform” rating and a $26.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus 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 capitalization of $1.02 billion and a price-to-earnings ratio of 65.29.

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, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.17. The business had revenue of $527.20 million for the quarter. GMS’s revenue for the quarter was up 30.3% on a year-over-year basis. Equities analysts forecast that GMS Inc will post $1.73 EPS for the current fiscal year.

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