Barclays restated their buy rating on shares of GMS (NYSE:GMS) in a research note published on Wednesday morning, Marketbeat.com reports. They currently have a $42.00 price objective on the stock.
Other equities research analysts also recently issued reports about the stock. SunTrust Banks reiterated a buy rating and set a $40.00 price objective on shares of GMS in a research note on Friday, November 10th. Seaport Global Securities upgraded shares of GMS from a neutral rating to a buy rating and set a $40.00 price objective for the company in a research note on Wednesday. They noted that the move was a valuation call. Royal Bank of Canada reiterated a buy rating and set a $46.00 price objective on shares of GMS in a research note on Friday, December 8th. Zacks Investment Research upgraded shares of GMS from a sell rating to a hold rating in a research note on Monday, December 4th. Finally, ValuEngine downgraded shares of GMS from a buy rating to a hold rating in a research note on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $38.89.
GMS (NYSE GMS) traded up $0.55 during trading hours on Wednesday, hitting $33.68. 402,007 shares of the stock traded hands, compared to its average volume of 377,345. GMS has a 1-year low of $27.20 and a 1-year high of $39.98. The company has a quick ratio of 1.70, a current ratio of 2.91 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $1,400.00 and a P/E ratio of 23.89.
In related news, insider G Michael Callahan, Jr. sold 33,333 shares of the firm’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $37.79, for a total transaction of $1,259,654.07. Following the completion of the transaction, the insider now owns 495,085 shares of the company’s stock, valued at $18,709,262.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider G Michael Callahan, Jr. sold 12,500 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $31.77, for a total transaction of $397,125.00. Following the transaction, the insider now directly owns 461,752 shares of the company’s stock, valued at approximately $14,669,861.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,104,166 shares of company stock valued at $193,903,602. 5.90% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GMS. Great West Life Assurance Co. Can increased its holdings in GMS by 213.7% in the third quarter. Great West Life Assurance Co. Can now owns 2,823 shares of the company’s stock valued at $100,000 after buying an additional 1,923 shares in the last quarter. SG Americas Securities LLC purchased a new position in GMS in the fourth quarter valued at $129,000. Macquarie Group Ltd. purchased a new position in GMS in the third quarter valued at $170,000. Victory Capital Management Inc. purchased a new position in GMS in the third quarter valued at $182,000. Finally, Two Sigma Securities LLC purchased a new position in GMS in the fourth quarter valued at $225,000. 72.83% of the stock is owned by institutional investors.
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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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