GMS has been the subject of a number of other reports. Zacks Investment Research cut shares of GMS from a hold rating to a sell rating in a research report on Monday, July 3rd. Stephens lowered their price target on shares of GMS from $40.00 to $36.00 and set an overweight rating for the company in a research report on Monday, July 3rd. Northcoast Research raised shares of GMS from a neutral rating to a buy rating and set a $34.00 price target for the company in a research report on Monday, July 3rd. Finally, Robert W. Baird reissued a buy rating and set a $37.00 price target on shares of GMS in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $36.60.
GMS (NYSE:GMS) last issued its quarterly earnings results on Wednesday, September 6th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. GMS had a net margin of 2.28% and a return on equity of 14.13%. The company had revenue of $642.20 million during the quarter, compared to analysts’ expectations of $645.19 million. During the same period last year, the company posted $0.46 EPS. GMS’s revenue was up 16.8% on a year-over-year basis.
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In other GMS news, insider Lynn Ross sold 1,894 shares of GMS stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $34.77, for a total value of $65,854.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO G Michael Callahan, Jr. sold 12,500 shares of GMS stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $34.73, for a total transaction of $434,125.00. Following the completion of the transaction, the chief executive officer now directly owns 528,418 shares of the company’s stock, valued at $18,351,957.14. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the business. American International Group Inc. raised its holdings in GMS by 7.0% in the first quarter. American International Group Inc. now owns 4,377 shares of the company’s stock worth $153,000 after buying an additional 288 shares during the last quarter. Bank of America Corp DE raised its holdings in GMS by 0.3% in the first quarter. Bank of America Corp DE now owns 161,291 shares of the company’s stock worth $5,651,000 after buying an additional 489 shares during the last quarter. Sei Investments Co. raised its holdings in GMS by 7.1% in the second quarter. Sei Investments Co. now owns 15,073 shares of the company’s stock worth $424,000 after buying an additional 1,005 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in GMS by 0.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 376,000 shares of the company’s stock worth $10,565,000 after buying an additional 1,325 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in GMS by 9.0% in the first quarter. Goldman Sachs Group Inc. now owns 29,614 shares of the company’s stock worth $1,038,000 after buying an additional 2,436 shares during the last quarter. 55.51% of the stock is owned by institutional investors and hedge funds.
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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