GMS Inc (NYSE:GMS) Director J David Smith purchased 1,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was bought at an average price of $37.58 per share, for a total transaction of $37,580.00. Following the completion of the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at $75,160. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

GMS Inc (NYSE GMS) traded up $0.20 during trading on Monday, reaching $36.93. The company’s stock had a trading volume of 382,600 shares, compared to its average volume of 376,178. GMS Inc has a 12 month low of $27.14 and a 12 month high of $39.98. The company has a current ratio of 2.62, a quick ratio of 1.70 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $1,515.27, a P/E ratio of 20.75, a P/E/G ratio of 2.65 and a beta of 3.20.

GMS (NYSE:GMS) last released its earnings results on Thursday, December 7th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). GMS had a net margin of 2.26% and a return on equity of 14.24%. The business had revenue of $648.00 million during the quarter, compared to analyst estimates of $662.03 million. During the same period last year, the business posted $0.49 EPS. GMS’s revenue was up 9.5% compared to the same quarter last year. equities analysts anticipate that GMS Inc will post 1.99 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in GMS. Vanguard Group Inc. boosted its stake in GMS by 17.2% in the 2nd quarter. Vanguard Group Inc. now owns 2,312,282 shares of the company’s stock worth $64,976,000 after buying an additional 339,051 shares during the last quarter. Citadel Advisors LLC raised its position in GMS by 3.2% during the second quarter. Citadel Advisors LLC now owns 1,199,845 shares of the company’s stock valued at $33,716,000 after purchasing an additional 37,668 shares in the last quarter. Wells Fargo & Company MN raised its position in GMS by 43.4% during the second quarter. Wells Fargo & Company MN now owns 960,661 shares of the company’s stock valued at $26,994,000 after purchasing an additional 290,711 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in GMS by 1,659.1% during the second quarter. The Manufacturers Life Insurance Company now owns 827,403 shares of the company’s stock valued at $23,250,000 after purchasing an additional 780,368 shares in the last quarter. Finally, Emerald Advisers Inc. PA raised its position in GMS by 0.4% during the third quarter. Emerald Advisers Inc. PA now owns 819,787 shares of the company’s stock valued at $29,020,000 after purchasing an additional 3,530 shares in the last quarter. 59.34% of the stock is owned by institutional investors.

Several equities analysts have commented on GMS shares. Royal Bank of Canada reiterated a “buy” rating and issued a $46.00 price target on shares of GMS in a research note on Friday, December 8th. Zacks Investment Research raised GMS from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Wednesday, November 1st. SunTrust Banks reaffirmed a “buy” rating and set a $40.00 price target on shares of GMS in a report on Friday, November 10th. ValuEngine downgraded GMS from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Barclays set a $43.00 target price on GMS and gave the company a “buy” rating in a report on Friday, December 8th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. GMS currently has an average rating of “Buy” and an average price target of $39.63.

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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.

Insider Buying and Selling by Quarter for GMS (NYSE:GMS)

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