GMS Inc (NYSE:GMS) shares rose 3.6% during trading on Friday . The company traded as high as $23.59 and last traded at $23.50, with a volume of 55,435 shares changing hands. The stock had previously closed at $22.69.

Several brokerages have recently issued reports on GMS. Robert W. Baird began coverage on GMS in a research report on Monday, June 20th. They issued a “neutral” rating and a $25.00 target price for the company. Credit Suisse Group AG began coverage on 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 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 GMS in a research note on Monday, June 20th. They issued a “buy” rating and a $28.00 price target on the stock. Finally, 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 price target on the stock. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. GMS has a consensus rating of “Buy” and a consensus price target of $26.60.

The company has a market cap of $971.96 million and a P/E ratio of 62.47. The firm has a 50 day moving average of $0.00 and a 200-day moving average of $0.00.

GMS (NYSE:GMS) last announced 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% on a year-over-year basis. Analysts forecast that GMS Inc will post $1.73 earnings per share for the current fiscal year.

In other GMS news, Director Theron I. Gilliam bought 10,000 shares of the company’s stock in a transaction on Wednesday, June 1st. The stock was acquired at an average price of $21.00 per share, for a total transaction of $210,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $210,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Craig D. Apolinsky bought 4,700 shares of the company’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 $98,700.00. Following the transaction, 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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