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

Several research analysts have weighed in on GMS shares. Credit Suisse Group AG reiterated a “buy” rating on shares of GMS in a report on Tuesday, June 28th. SunTrust Banks Inc. started coverage on GMS in a report on Monday, June 20th. They set a “buy” rating and a $28.00 target price on the stock. Robert W. Baird started coverage on GMS in a report on Monday, June 20th. They set a “neutral” rating and a $25.00 target price on the stock. Royal Bank Of Canada started coverage on GMS in a report on Monday, June 20th. They set an “outperform” rating and a $27.00 target price on the stock. Finally, Raymond James Financial Inc. started coverage on GMS in a report on Monday, June 20th. They set an “outperform” rating and a $26.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. GMS currently has a consensus rating of “Buy” and a consensus target price of $26.60.

The stock’s 50 day moving average is $0.00 and its 200-day moving average is $0.00. The stock has a market cap of $971.96 million and a PE ratio of 62.47.

GMS (NYSE:GMS) last announced its quarterly earnings results on Tuesday, July 12th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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% compared to the same quarter last year. On average, analysts forecast that GMS Inc will post $1.73 earnings per share for the current fiscal year.

In related news, 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 acquired at an average cost of $21.00 per share, for a total transaction of $210,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $210,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 price of $21.00 per share, with a total value of $98,700.00. Following the completion of the acquisition, 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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