GMS Inc. (NYSE:GMS) saw unusually-high trading volume on Thursday . Approximately 817,831 shares changed hands during trading, an increase of 128% from the previous session’s volume of 358,246 shares.The stock last traded at $37.31 and had previously closed at $36.48.

A number of analysts have issued reports on the stock. Zacks Investment Research upgraded shares of GMS from a “sell” rating to a “hold” rating in a research note on Monday, September 4th. Wells Fargo & Company assumed coverage on shares of GMS in a research note on Wednesday, October 18th. They issued a “market perform” rating and a $38.00 target price for the company. Robert W. Baird reiterated a “buy” rating and issued a $37.00 target price on shares of GMS in a research note on Monday, October 9th. SunTrust Banks reiterated a “buy” rating and issued a $40.00 target price on shares of GMS in a research note on Friday, November 10th. Finally, Royal Bank Of Canada lifted their target price on shares of GMS from $34.00 to $39.00 and gave the company an “outperform” rating in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. GMS presently has a consensus rating of “Buy” and a consensus price target of $37.38.

The company has a debt-to-equity ratio of 1.11, a current ratio of 2.80 and a quick ratio of 1.82. The firm has a market capitalization of $1,528.62, a P/E ratio of 21.57, a price-to-earnings-growth ratio of 2.65 and a beta of 3.22.

GMS (NYSE:GMS) last issued its quarterly earnings data on Wednesday, September 6th. The company reported $0.47 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.47. GMS had a net margin of 2.28% and a return on equity of 14.13%. The business had revenue of $642.20 million during the quarter, compared to analysts’ expectations of $645.19 million. During the same period in the previous year, the company earned $0.46 earnings per share. GMS’s revenue for the quarter was up 16.8% on a year-over-year basis. equities research analysts predict that GMS Inc. will post 2.01 earnings per share for the current fiscal year.

In related news, CEO G Michael Callahan, Jr. sold 12,500 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $34.52, for a total transaction of $431,500.00. Following the transaction, the chief executive officer now owns 528,418 shares of the company’s stock, valued at $18,240,989.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lynn Ross sold 1,894 shares of the business’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $34.77, for a total transaction of $65,854.38. The disclosure for this sale can be found here. Insiders sold 39,394 shares of company stock valued at $1,372,729 over the last 90 days. 5.90% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Rubric Capital Management LP increased its position in GMS by 48.9% during the third quarter. Rubric Capital Management LP now owns 675,000 shares of the company’s stock worth $23,895,000 after acquiring an additional 221,546 shares during the period. GSA Capital Partners LLP bought a new position in GMS during the third quarter worth $755,000. California Public Employees Retirement System bought a new stake in GMS in the 3rd quarter valued at $234,000. Davidson Kempner Capital Management LP bought a new stake in GMS in the 3rd quarter valued at $15,930,000. Finally, Janney Capital Management LLC bought a new stake in GMS in the 3rd quarter valued at $708,000. 59.29% of the stock is currently owned by institutional investors and hedge funds.

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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.

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