GMS Inc. (GMS) Given “Buy” Rating at Robert W. Baird

Robert W. Baird reaffirmed their buy rating on shares of GMS Inc. (NYSE:GMS) in a research report report published on Monday. Robert W. Baird currently has a $37.00 price objective on the stock.

Other analysts also recently issued reports about the stock. Northcoast Research raised shares of GMS from a neutral rating to a buy rating and set a $34.00 price target for the company in a research note on Monday, July 3rd. Royal Bank Of Canada reissued a buy rating and issued a $38.00 price target on shares of GMS in a research note on Monday, June 19th. Zacks Investment Research raised shares of GMS from a sell rating to a hold rating in a research note on Monday, September 4th. Finally, Stephens lowered their price target on shares of GMS from $40.00 to $36.00 and set an overweight rating for the company in a research note on Monday, July 3rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $36.60.

GMS (NYSE GMS) opened at 35.05 on Monday. The company’s 50-day moving average price is $34.76 and its 200 day moving average price is $34.76. GMS has a 12 month low of $20.51 and a 12 month high of $36.08. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 26.84 and a beta of 3.40.

GMS (NYSE:GMS) last posted its quarterly 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 business had revenue of $642.20 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 earnings per share. Analysts forecast that GMS will post $2.01 EPS for the current fiscal year.

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In other news, insider Lynn Ross sold 1,894 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $34.77, for a total transaction of $65,854.38. The sale was disclosed in a 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 the company’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $34.73, for a total transaction of $434,125.00. Following the transaction, the chief executive officer now directly owns 528,418 shares of the company’s stock, valued at $18,351,957.14. The disclosure for this sale can be found here. Corporate insiders own 5.90% of the company’s stock.

Several large investors have recently modified their holdings of the company. American International Group Inc. raised its stake in shares of GMS by 7.0% during the first quarter. American International Group Inc. now owns 4,377 shares of the company’s stock valued at $153,000 after acquiring an additional 288 shares during the last quarter. Bank of America Corp DE raised its stake in shares of GMS by 0.3% during the first quarter. Bank of America Corp DE now owns 161,291 shares of the company’s stock valued at $5,651,000 after acquiring an additional 489 shares during the last quarter. Sei Investments Co. raised its stake in shares of GMS by 7.1% during the second quarter. Sei Investments Co. now owns 15,073 shares of the company’s stock valued at $424,000 after acquiring an additional 1,005 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of GMS by 0.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 376,000 shares of the company’s stock valued at $10,565,000 after acquiring an additional 1,325 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of GMS by 9.0% during the first quarter. Goldman Sachs Group Inc. now owns 29,614 shares of the company’s stock valued at $1,038,000 after acquiring an additional 2,436 shares during the last quarter. 55.51% of the stock is owned by hedge funds and other institutional investors.

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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