Zacks Investment Research downgraded shares of GMS (NYSE:GMS) from a hold rating to a sell rating in a report published on Tuesday.

According to Zacks, “GMS Inc. is a distributor of wallboard and suspended ceilings systems. The company’s product consists of wallboard, suspended ceilings systems or ceilings and complementary interior construction products in commercial and residential buildings. GMS Inc. is based in Tucker, United States. “

GMS has been the topic of several other reports. Royal Bank Of Canada lifted their target price on shares of GMS from $34.00 to $39.00 and gave the stock an outperform rating in a research report on Thursday, September 7th. SunTrust Banks reiterated a buy rating and set a $40.00 price objective on shares of GMS in a research report on Friday, November 10th. Wells Fargo & Company started coverage on GMS in a research note on Wednesday, October 18th. They set a market perform rating and a $38.00 price target on the stock. Finally, Robert W. Baird restated a buy rating and issued a $37.00 target price on shares of GMS in a research note on Monday, October 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $37.38.

GMS (NYSE:GMS) opened at $37.31 on Tuesday. 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 has a 1 year low of $24.72 and a 1 year high of $37.43. The firm has a market cap of $1,461.84, a PE ratio of 20.62, a price-to-earnings-growth ratio of 2.53 and a beta of 3.14.

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

In other news, CEO G Michael Callahan, Jr. sold 12,500 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $34.73, for a total transaction of $434,125.00. Following the completion of the sale, the chief executive officer now owns 528,418 shares in the company, valued at $18,351,957.14. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Lynn Ross sold 1,894 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $34.77, for a total value of $65,854.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,394 shares of company stock valued at $1,372,729. Corporate insiders own 5.90% of the company’s stock.

A number of hedge funds have recently bought and sold shares of GMS. Canada Pension Plan Investment Board purchased a new position in shares of GMS during the 2nd quarter valued at $1,967,000. Koch Industries Inc. bought a new stake in shares of GMS in the 2nd quarter worth $324,000. IndexIQ Advisors LLC increased its holdings in shares of GMS by 83.3% in the 3rd quarter. IndexIQ Advisors LLC now owns 24,737 shares of the company’s stock worth $876,000 after purchasing an additional 11,239 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of GMS by 22.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 137,316 shares of the company’s stock valued at $3,859,000 after acquiring an additional 24,747 shares in the last quarter. Finally, Parametrica Management Ltd purchased a new position in shares of GMS in the third quarter valued at about $548,000. 59.29% of the stock is currently owned by institutional investors and hedge funds.

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About GMS

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.

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