GMS Inc (NYSE:GMS)’s share price fell 1% during mid-day trading on Monday . The stock traded as low as $23.44 and last traded at $23.61, with a volume of 64,047 shares changing hands. The stock had previously closed at $23.86.

Several research firms have recently issued reports on GMS. Royal Bank Of Canada upped their target price on GMS from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, July 13th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of GMS in a report on Tuesday, June 28th. Stephens began coverage on GMS in a report on Monday, June 20th. They issued an “overweight” rating for the company. SunTrust Banks Inc. began coverage on GMS in a report on Monday, June 20th. They issued a “buy” rating and a $28.00 target price for the company. Finally, Raymond James Financial Inc. began coverage on GMS in a report on Monday, June 20th. They issued an “outperform” rating and a $26.00 target price for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $26.60.

The firm’s 50-day moving average is $0.00 and its 200 day moving average is $0.00. The stock has a market capitalization of $960.50 million and a price-to-earnings ratio of 61.74.

GMS (NYSE:GMS) last released its earnings results 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. The firm’s revenue for the quarter was up 30.3% compared to the same quarter last year. On average, equities research analysts predict that GMS Inc will post $1.73 EPS for the current year.

In other news, VP Craig D. Apolinsky acquired 4,700 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the vice president now directly owns 4,700 shares in the company, valued at $98,700. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Theron I. Gilliam acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The stock was purchased at an average price of $21.00 per share, with a total value of $210,000.00. Following the completion of the acquisition, 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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