GMS Inc (NYSE:GMS) has been given a consensus rating of “Buy” by the twelve analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $33.67.
GMS has been the subject of a number of research analyst reports. Raymond James lifted their price target on GMS from $31.00 to $33.00 and gave the company a “buy” rating in a report on Friday, August 31st. Nomura lifted their price target on GMS from $36.00 to $37.00 and gave the company a “buy” rating in a report on Friday, August 31st. SunTrust Banks cut their price target on GMS to $26.00 and set a “buy” rating for the company in a report on Thursday. They noted that the move was a valuation call. Royal Bank of Canada set a $25.00 price target on GMS and gave the company a “buy” rating in a report on Thursday. Finally, Barclays set a $25.00 price target on GMS and gave the company a “buy” rating in a report on Tuesday.
Shares of NYSE GMS traded down $0.69 during midday trading on Monday, reaching $17.51. 823,018 shares of the company traded hands, compared to its average volume of 508,379. The stock has a market cap of $749.51 million, a PE ratio of 8.71, a PEG ratio of 0.80 and a beta of 2.17. GMS has a 12 month low of $14.89 and a 12 month high of $39.69. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.93 and a current ratio of 2.75.
In other GMS news, Director John J. Gavin purchased 4,150 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was acquired at an average cost of $24.13 per share, with a total value of $100,139.50. Following the completion of the acquisition, the director now directly owns 16,966 shares of the company’s stock, valued at approximately $409,389.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.90% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Clearline Capital LP acquired a new stake in GMS in the second quarter worth about $1,495,000. Davidson Kempner Capital Management LP increased its position in GMS by 116.7% in the second quarter. Davidson Kempner Capital Management LP now owns 325,000 shares of the company’s stock worth $8,804,000 after purchasing an additional 175,000 shares during the period. Schwab Charles Investment Management Inc. increased its position in GMS by 16.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 370,607 shares of the company’s stock worth $10,040,000 after purchasing an additional 51,400 shares during the period. Sei Investments Co. increased its position in GMS by 425.9% in the second quarter. Sei Investments Co. now owns 22,889 shares of the company’s stock worth $620,000 after purchasing an additional 18,537 shares during the period. Finally, Point72 Asset Management L.P. increased its position in GMS by 273.3% in the second quarter. Point72 Asset Management L.P. now owns 215,048 shares of the company’s stock worth $5,826,000 after purchasing an additional 157,448 shares during the period. Hedge funds and other institutional investors own 74.69% of the company’s stock.
GMS Company Profile
GMS Inc distributes wallboards, suspended ceilings systems, and related construction products in the United States and Canada. The company offers wallboard products; and ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings.
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