GMS Inc (GMS) Shares Up 5.3%
GMS Inc (NYSE:GMS)’s share price shot up 5.3% on Friday . The company traded as high as $23.72 and last traded at $23.40, with a volume of 73,043 shares traded. The stock had previously closed at $22.23.
A number of brokerages have recently weighed in on GMS. Raymond James Financial Inc. began coverage on shares of GMS in a research report on Monday, June 20th. They set an “outperform” rating and a $26.00 price target on the stock. Robert W. Baird began coverage on shares of GMS in a research report on Monday, June 20th. They set a “neutral” rating and a $25.00 price target on the stock. Credit Suisse Group AG reissued a “buy” rating on shares of GMS in a research report on Tuesday, June 28th. Stephens began coverage on shares of GMS in a research report on Monday, June 20th. They set an “overweight” rating on the stock. Finally, SunTrust Banks Inc. began coverage on shares of GMS in a research report on Monday, June 20th. They set a “buy” rating and a $28.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $26.40.
The company has a 50 day moving average price of $0.00 and a 200 day moving average price of $0.00. The company has a market cap of $75.77 million and a price-to-earnings ratio of 16.56.
In related news, VP Craig D. Apolinsky acquired 4,700 shares of the 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 $98,700.00. Following the transaction, the vice president now directly owns 4,700 shares in the company, valued at $98,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Theron I. Gilliam acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, June 1st. The shares were bought at an average price of $21.00 per share, with a total value of $210,000.00. Following the completion of the transaction, 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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