Shares of GMS Inc. (NYSE:GMS) have earned a consensus recommendation of “Buy” from the eight research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $36.20.

GMS has been the subject of several research reports. ValuEngine raised GMS from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered GMS from a “hold” rating to a “sell” rating in a research note on Monday, July 3rd. Stephens reduced their price objective on GMS from $40.00 to $36.00 and set an “overweight” rating for the company in a research note on Monday, July 3rd. Northcoast Research raised GMS from a “neutral” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Monday, July 3rd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $38.00 price objective on shares of GMS in a research note on Monday, June 19th.

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In other news, major shareholder Investors Lp Aea sold 2,902,129 shares of the firm’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $31.68, for a total value of $91,939,446.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Richard K. Mueller sold 1,000,000 shares of the firm’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $31.68, for a total value of $31,680,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,986,079 shares of company stock valued at $126,278,983.

Several hedge funds have recently modified their holdings of GMS. Citadel Advisors LLC boosted its stake in shares of GMS by 294.7% in the first quarter. Citadel Advisors LLC now owns 1,162,177 shares of the company’s stock valued at $40,722,000 after buying an additional 867,736 shares during the period. Vanguard Group Inc. boosted its stake in shares of GMS by 71.6% in the first quarter. Vanguard Group Inc. now owns 1,973,231 shares of the company’s stock valued at $69,142,000 after buying an additional 822,997 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of GMS by 1,659.1% in the second quarter. The Manufacturers Life Insurance Company now owns 827,403 shares of the company’s stock valued at $23,250,000 after buying an additional 780,368 shares during the period. Wells Fargo & Company MN boosted its stake in shares of GMS by 13,592.0% in the first quarter. Wells Fargo & Company MN now owns 669,950 shares of the company’s stock valued at $23,476,000 after buying an additional 665,057 shares during the period. Finally, FMR LLC acquired a new stake in shares of GMS during the first quarter valued at approximately $20,972,000. 41.32% of the stock is owned by institutional investors and hedge funds.

Shares of GMS (NYSE:GMS) traded down 0.34% during mid-day trading on Tuesday, hitting $29.72. The stock had a trading volume of 169,843 shares. The firm has a market cap of $1.22 billion, a P/E ratio of 24.97 and a beta of 3.53. GMS has a 12-month low of $20.23 and a 12-month high of $36.99. The company has a 50 day moving average price of $29.37 and a 200 day moving average price of $31.98.

GMS (NYSE:GMS) last released its quarterly earnings data on Thursday, June 29th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. The business had revenue of $615 million during the quarter, compared to analyst estimates of $614.93 million. GMS had a return on equity of 14.15% and a net margin of 2.11%. The company’s revenue was up 16.7% compared to the same quarter last year. During the same period last year, the company posted $0.53 EPS. Equities analysts forecast that GMS will post $1.99 earnings per share for the current fiscal year.

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.

Analyst Recommendations for GMS (NYSE:GMS)

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