GMS’s (NYSE:GMS) lock-up period is set to end on Tuesday, November 22nd. GMS had issued 7,000,000 shares in its public offering on May 26th. The total size of the offering was $147,000,000 based on an initial share price of $21.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Several equities analysts have recently weighed in on GMS shares. Royal Bank Of Canada cut their price objective on GMS from $28.00 to $26.00 and set an “outperform” rating on the stock in a report on Wednesday, September 14th. Zacks Investment Research cut GMS from a “buy” rating to a “hold” rating in a research note on Friday, September 16th. RBC Capital Markets restated an “outperform” rating and issued a $26.00 target price (down previously from $28.00) on shares of GMS in a research note on Wednesday, September 14th. Finally, Robert W. Baird restated a “neutral” rating and issued a $25.00 target price on shares of GMS in a research note on Thursday, September 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. GMS presently has a consensus rating of “Buy” and an average target price of $25.86.

GMS (NYSE:GMS) opened at 24.72 on Thursday. GMS has a 52-week low of $19.28 and a 52-week high of $26.42. The firm has a market cap of $1.01 billion and a price-to-earnings ratio of 45.19. The firm’s 50 day moving average price is $21.86 and its 200 day moving average price is $22.85.

GMS (NYSE:GMS) last issued its quarterly earnings results on Tuesday, September 13th. The company reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46. The company earned $549.80 million during the quarter. The firm’s revenue was up 21.5% on a year-over-year basis. Equities research analysts anticipate that GMS will post $1.76 EPS for the current fiscal year.

Several large investors have recently modified their holdings of GMS. Credit Suisse AG acquired a new stake in GMS during the third quarter valued at approximately $1,010,000. Panagora Asset Management Inc. acquired a new stake in GMS during the third quarter valued at approximately $1,068,000. D. E. Shaw & Co. Inc. acquired a new stake in GMS during the third quarter valued at approximately $408,000. The Manufacturers Life Insurance Company acquired a new stake in GMS during the third quarter valued at approximately $125,000. Finally, SG Capital Management LLC acquired a new stake in GMS during the third quarter valued at approximately $3,721,000. 20.39% of the stock is owned by institutional investors.

GMS Company Profile

GMS Inc is a distributor of wallboard and suspended ceilings systems. The Company’s seven segments include Central, Northeast, Southern, Southeast, Southwest and Western, Tool Source Warehouse, Inc and other. It offers wallboard, which is used in building products for interior and exterior walls, and ceilings in residential and commercial structures.

5 Day Chart for NYSE:GMS

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