GMS Inc (NYSE:GMS) has earned a consensus recommendation of “Buy” from the twelve research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $36.44.

GMS has been the topic of several recent analyst reports. Raymond James upped their price objective on shares of GMS from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 31st. Zacks Investment Research lowered shares of GMS from a “buy” rating to a “hold” rating in a report on Monday, September 3rd. TheStreet lowered shares of GMS from a “c-” rating to a “d+” rating in a report on Wednesday, October 24th. Barclays set a $25.00 target price on shares of GMS and gave the stock a “buy” rating in a report on Tuesday. Finally, ValuEngine lowered shares of GMS from a “sell” rating to a “strong sell” rating in a report on Thursday, October 4th.

In other GMS news, Director John J. Gavin bought 4,150 shares of GMS stock in a transaction on Monday, September 10th. The shares were bought at an average cost of $24.13 per share, for a total transaction of $100,139.50. Following the acquisition, the director now directly owns 16,966 shares in the company, valued at $409,389.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.90% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Clearline Capital LP acquired a new stake in shares of GMS in the 2nd quarter valued at $1,495,000. Schwab Charles Investment Management Inc. lifted its stake in shares of GMS by 16.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 370,607 shares of the company’s stock valued at $10,040,000 after purchasing an additional 51,400 shares during the period. Davidson Kempner Capital Management LP lifted its stake in shares of GMS by 116.7% in the second quarter. Davidson Kempner Capital Management LP now owns 325,000 shares of the company’s stock valued at $8,804,000 after purchasing an additional 175,000 shares during the period. Sei Investments Co. lifted its stake in shares of GMS by 425.9% in the second quarter. Sei Investments Co. now owns 22,889 shares of the company’s stock valued at $620,000 after purchasing an additional 18,537 shares during the period. Finally, Point72 Asset Management L.P. lifted its stake in shares of GMS by 273.3% in the second quarter. Point72 Asset Management L.P. now owns 215,048 shares of the company’s stock valued at $5,826,000 after purchasing an additional 157,448 shares during the period. Institutional investors and hedge funds own 74.69% of the company’s stock.

Shares of GMS stock traded up $0.71 during trading hours on Monday, hitting $17.94. The company had a trading volume of 2,376 shares, compared to its average volume of 408,276. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.93 and a current ratio of 3.08. GMS has a fifty-two week low of $14.89 and a fifty-two week high of $39.98. The firm has a market cap of $708.82 million, a P/E ratio of 8.79, a P/E/G ratio of 0.75 and a beta of 2.17.

GMS (NYSE:GMS) last issued its quarterly earnings data on Tuesday, December 4th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.06). GMS had a return on equity of 17.74% and a net margin of 2.23%. The company had revenue of $833.80 million during the quarter, compared to analyst estimates of $830.54 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The business’s revenue was up 28.7% compared to the same quarter last year. As a group, research analysts predict that GMS will post 3.29 EPS for the current fiscal year.

About GMS

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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Analyst Recommendations for GMS (NYSE:GMS)

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