GMS Inc (NYSE:GMS) traded down 3.8% during mid-day trading on Tuesday . The stock traded as low as $23.35 and last traded at $23.49, with a volume of 93,793 shares. The stock had previously closed at $24.43.

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of GMS from $27.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 13th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of GMS in a research note on Tuesday, June 28th. SunTrust Banks Inc. assumed coverage on shares of GMS in a research note on Monday, June 20th. They set a “buy” rating and a $28.00 price target on the stock. Stephens assumed coverage on shares of GMS in a research note on Monday, June 20th. They set an “overweight” rating on the stock. Finally, Raymond James Financial Inc. assumed coverage on shares of GMS in a research note on Monday, June 20th. They set 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 currently has a consensus rating of “Buy” and an average target price of $26.60.

The firm has a 50 day moving average of $0.00 and a 200-day moving average of $0.00. The company has a market capitalization of $959.27 million and a P/E ratio of 61.66.

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 company earned $527.20 million during the quarter. The company’s revenue for the quarter was up 30.3% on a year-over-year basis. On average, analysts forecast that GMS Inc will post $1.73 earnings per share for the current fiscal year.

In other GMS news, VP Craig D. Apolinsky purchased 4,700 shares of the company’s stock in a transaction dated Wednesday, June 1st. The shares were bought at an average price 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 in the company, valued at approximately $98,700. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Theron I. Gilliam purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, June 1st. The shares were acquired at an average price of $21.00 per share, for a total transaction of $210,000.00. Following the purchase, the director now owns 10,000 shares in the company, 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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