GMS Inc (GMS) Sees Strong Trading Volume
GMS Inc (NYSE:GMS) shares saw an uptick in trading volume on Friday . 162,462 shares were traded during 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.
A number of brokerages have recently commented on GMS. Credit Suisse Group AG reaffirmed a “buy” rating on shares of GMS in a research report on Tuesday, June 28th. Robert W. Baird initiated coverage on shares of GMS in a research report on Monday, June 20th. They issued a “neutral” rating and a $25.00 price target for the company. Raymond James Financial Inc. initiated coverage on shares of GMS in a research report on Monday, June 20th. They issued an “outperform” rating and a $26.00 price target for the company. Royal Bank Of Canada increased their price target on shares of GMS from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 13th. Finally, SunTrust Banks Inc. initiated coverage on shares of GMS in a research report on Monday, June 20th. They issued a “buy” rating and a $28.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. GMS presently has an average rating of “Buy” and an average price target of $26.60.
The firm has a market capitalization of $976.88 million and a PE ratio of 62.79. The stock has a 50-day moving average of $0.00 and a 200-day moving average of $0.00.
GMS (NYSE:GMS) last released its earnings results on Tuesday, July 12th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.17. The business earned $527.20 million during the quarter. The firm’s quarterly revenue was up 30.3% on a year-over-year basis. On average, equities research analysts expect that GMS Inc will post $1.73 EPS for the current fiscal year.
In other news, Director Theron I. Gilliam acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 1st. The stock was bought at an average price of $21.00 per share, with a total value of $210,000.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $210,000. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Craig D. Apolinsky acquired 4,700 shares of the firm’s stock in a transaction dated Wednesday, June 1st. The stock was purchased at an average cost of $21.00 per share, with a total value of $98,700.00. Following the transaction, the vice president now owns 4,700 shares in the company, 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.