Shares of GMS Inc (NYSE:GMS) fell 5.5% on Monday . The company traded as low as $28.66 and last traded at $29.26, 819,261 shares were traded during mid-day trading. An increase of 41% from the average session volume of 582,288 shares. The stock had previously closed at $30.96.

A number of research firms have weighed in on GMS. Raymond James set a $31.00 price target on GMS and gave the company a “buy” rating in a research note on Friday, August 30th. TheStreet upgraded GMS from a “c+” rating to a “b-” rating in a research note on Friday, September 27th. Stephens set a $34.00 price target on GMS and gave the company a “buy” rating in a research note on Friday, August 30th. Royal Bank of Canada set a $30.00 price target on GMS and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, ValuEngine upgraded GMS from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $30.20.

The company has a current ratio of 2.29, a quick ratio of 1.46 and a debt-to-equity ratio of 1.80. The company has a 50 day moving average price of $30.50 and a 200 day moving average price of $24.81. The company has a market capitalization of $1.29 billion, a P/E ratio of 10.45, a P/E/G ratio of 1.42 and a beta of 2.15.

GMS (NYSE:GMS) last issued its earnings results on Thursday, August 29th. The company reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.05. GMS had a return on equity of 18.99% and a net margin of 2.27%. The company had revenue of $847.20 million during the quarter, compared to the consensus estimate of $837.65 million. During the same period in the previous year, the company posted $0.82 EPS. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, sell-side analysts forecast that GMS Inc will post 3.11 EPS for the current fiscal year.

In related news, major shareholder Investors Fund V. Lp Aea sold 6,825,058 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $26.93, for a total value of $183,798,811.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald R. Ross sold 30,474 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $27.97, for a total value of $852,357.78. Following the completion of the sale, the director now owns 285,365 shares of the company’s stock, valued at $7,981,659.05. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GMS. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in GMS by 65.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,265 shares of the company’s stock valued at $65,000 after acquiring an additional 893 shares in the last quarter. Glen Harbor Capital Management LLC acquired a new position in shares of GMS during the 2nd quarter worth $70,000. Public Employees Retirement System of Ohio raised its holdings in shares of GMS by 17.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,174 shares of the company’s stock worth $70,000 after buying an additional 463 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of GMS by 419.9% during the 2nd quarter. Bank of Montreal Can now owns 3,296 shares of the company’s stock worth $73,000 after buying an additional 2,662 shares in the last quarter. Finally, Riverhead Capital Management LLC acquired a new position in shares of GMS during the 2nd quarter worth $77,000. Institutional investors and hedge funds own 89.49% of the company’s stock.

GMS Company Profile (NYSE: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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