SunTrust Banks, Inc. reiterated their buy rating on shares of GMS Inc. (NYSE:GMS) in a report issued on Friday morning. SunTrust Banks, Inc. currently has a $40.00 target price on the stock.

Other equities research analysts have also recently issued reports about the company. Robert W. Baird reaffirmed a buy rating and set a $37.00 price target on shares of GMS in a report on Monday, October 9th. Wells Fargo & Company assumed coverage on GMS in a research note on Wednesday, October 18th. They issued a market perform rating and a $38.00 target price for the company. Royal Bank Of Canada reissued a buy rating and issued a $39.00 target price on shares of GMS in a research note on Tuesday, October 10th. Finally, Zacks Investment Research raised GMS from a sell rating to a hold rating in a research note on Monday, September 4th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $37.38.

Shares of GMS (GMS) opened at $34.21 on Friday. GMS has a twelve month low of $23.36 and a twelve month high of $36.99. The firm has a market capitalization of $1,401.62, a price-to-earnings ratio of 19.77, a P/E/G ratio of 2.43 and a beta of 3.14. The company has a current ratio of 2.80, a quick ratio of 1.82 and a debt-to-equity ratio of 1.11.

GMS (NYSE:GMS) last released its quarterly earnings results on Wednesday, September 6th. The company reported $0.47 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.47. GMS had a return on equity of 14.13% and a net margin of 2.28%. The firm had revenue of $642.20 million during the quarter, compared to analysts’ expectations of $645.19 million. During the same period last year, the firm posted $0.46 EPS. The business’s revenue was up 16.8% on a year-over-year basis. equities analysts anticipate that GMS will post 2.01 earnings per share for the current fiscal year.

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In other news, insider Lynn Ross sold 1,894 shares of GMS stock in a transaction on Monday, September 25th. The stock was sold at an average price of $34.77, for a total value of $65,854.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO G Michael Callahan, Jr. sold 12,500 shares of GMS stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $34.52, for a total value of $431,500.00. Following the completion of the sale, the chief executive officer now directly owns 528,418 shares of the company’s stock, valued at $18,240,989.36. The disclosure for this sale can be found here. Insiders sold a total of 26,894 shares of company stock valued at $931,479 over the last three months. Insiders own 5.90% of the company’s stock.

Several institutional investors have recently made changes to their positions in GMS. Vanguard Group Inc. grew its stake in shares of GMS by 71.6% during the first quarter. Vanguard Group Inc. now owns 1,973,231 shares of the company’s stock worth $69,142,000 after purchasing an additional 822,997 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of GMS by 1,659.1% during the second quarter. The Manufacturers Life Insurance Company now owns 827,403 shares of the company’s stock worth $23,250,000 after purchasing an additional 780,368 shares during the period. FMR LLC acquired a new stake in shares of GMS during the first quarter worth $20,972,000. Koch Industries Inc. acquired a new stake in shares of GMS during the second quarter worth $324,000. Finally, Wells Fargo & Company MN grew its stake in shares of GMS by 43.4% during the second quarter. Wells Fargo & Company MN now owns 960,661 shares of the company’s stock worth $26,994,000 after purchasing an additional 290,711 shares during the period. 56.16% of the stock is owned by institutional investors and hedge funds.

GMS Company Profile

GMS Inc is a distributor of wallboard and suspended ceilings systems, or ceilings. The Company provides a product offering of over 20,000 stock keeping units (SKUs) of wallboard, ceilings and complementary interior construction products for interior contractors. It offers steel framing and ancillary products for its customers.

Analyst Recommendations for GMS (NYSE:GMS)

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