GMS Inc (GMS) Sees Unusually-High Trading Volume
Shares of GMS Inc (NYSE:GMS) saw unusually-high trading volume on Friday . Approximately 162,462 shares changed hands during mid-day trading, an increase of 68% from the previous session’s volume of 96,720 shares.The stock last traded at $23.86 and had previously closed at $23.78.
Several research firms have weighed in on GMS. Credit Suisse Group AG reiterated a “buy” rating on shares of GMS in a report on Tuesday, June 28th. SunTrust Banks Inc. began 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 began 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 began 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. began 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 investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. GMS currently has a consensus rating of “Buy” and an average target price of $26.60.
The stock has a market cap of $976.88 million and a P/E ratio of 62.79. The company’s 50 day moving average price is $0.00 and its 200 day moving average price is $0.00.
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. Equities research analysts anticipate that GMS Inc will post $1.73 EPS for the current year.
In related news, Director Theron I. Gilliam purchased 10,000 shares of the stock in a transaction dated Wednesday, June 1st. The stock was bought 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 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 purchased 4,700 shares of the stock in a transaction dated Wednesday, June 1st. The shares were 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 approximately $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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