GMS Inc (NYSE:GMS) has been given a consensus rating of “Hold” by the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $25.00.

GMS has been the topic of several analyst reports. TheStreet raised shares of GMS from a “d+” rating to a “c-” rating in a research report on Thursday, May 2nd. Nomura reissued a “neutral” rating and set a $20.00 price target (down from $27.00) on shares of GMS in a research report on Thursday, May 16th. Royal Bank of Canada set a $23.00 price target on shares of GMS and gave the stock a “buy” rating in a research report on Friday, June 28th. Finally, Zacks Investment Research cut shares of GMS from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.

In other news, CEO G Michael Callahan, Jr. sold 28,950 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $22.61, for a total value of $654,559.50. Following the sale, the chief executive officer now directly owns 428,314 shares of the company’s stock, valued at approximately $9,684,179.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.90% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of GMS. BlackRock Inc. raised its holdings in shares of GMS by 115.6% in the 2nd quarter. BlackRock Inc. now owns 4,718,664 shares of the company’s stock valued at $103,811,000 after purchasing an additional 2,529,800 shares during the period. Nuveen Asset Management LLC acquired a new position in GMS in the 2nd quarter valued at about $14,140,000. Vanguard Group Inc. grew its stake in GMS by 14.0% in the 2nd quarter. Vanguard Group Inc. now owns 3,488,993 shares of the company’s stock valued at $76,758,000 after buying an additional 428,725 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in GMS by 48.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,314,769 shares of the company’s stock valued at $19,538,000 after buying an additional 428,497 shares during the last quarter. Finally, Federated Investors Inc. PA grew its stake in GMS by 607,075.8% in the 1st quarter. Federated Investors Inc. PA now owns 376,449 shares of the company’s stock valued at $5,692,000 after buying an additional 376,387 shares during the last quarter. 72.05% of the stock is currently owned by institutional investors.

NYSE GMS traded up $0.77 on Friday, reaching $22.07. The company had a trading volume of 223,200 shares, compared to its average volume of 335,399. The firm has a market capitalization of $891.19 million, a price-to-earnings ratio of 7.88, a price-to-earnings-growth ratio of 1.00 and a beta of 2.40. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.43 and a current ratio of 2.24. GMS has a 1-year low of $13.61 and a 1-year high of $28.47. The company’s fifty day moving average is $22.39 and its 200-day moving average is $19.08.

GMS (NYSE:GMS) last announced its earnings results on Thursday, June 27th. The company reported $0.68 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.03). The company had revenue of $780.10 million during the quarter, compared to analyst estimates of $784.40 million. GMS had a return on equity of 18.94% and a net margin of 1.80%. GMS’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 earnings per share. On average, research analysts forecast that GMS will post 3.04 earnings per share for the current 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.

Further Reading: Bond

Analyst Recommendations for GMS (NYSE:GMS)

Receive News & Ratings for GMS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GMS and related companies with MarketBeat.com's FREE daily email newsletter.