Several other analysts have also issued reports on the stock. Barclays set a $46.00 target price on shares of GMS and gave the company a buy rating in a research report on Sunday, January 7th. ValuEngine lowered shares of GMS from a buy rating to a hold rating in a research report on Friday, December 1st. Zacks Investment Research lowered shares of GMS from a hold rating to a sell rating in a research report on Tuesday, November 28th. SunTrust Banks reiterated a buy rating and issued a $40.00 target price on shares of GMS in a research report on Friday, November 10th. Finally, Seaport Global Securities upgraded shares of GMS from a neutral rating to a buy rating and set a $40.00 target price on the stock in a research report on Wednesday. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. GMS presently has an average rating of Buy and a consensus price target of $38.89.
Shares of GMS (NYSE GMS) opened at $33.68 on Wednesday. The company has a market cap of $1,381.92, a price-to-earnings ratio of 21.05, a P/E/G ratio of 2.40 and a beta of 1.70. The company has a current ratio of 2.91, a quick ratio of 1.70 and a debt-to-equity ratio of 1.02. GMS has a 52-week low of $27.20 and a 52-week high of $39.98.
In other news, CEO G Michael Callahan, Jr. sold 12,500 shares of the firm’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $37.14, for a total value of $464,250.00. Following the transaction, the chief executive officer now directly owns 528,418 shares of the company’s stock, valued at $19,625,444.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director J David Smith purchased 1,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was acquired at an average cost of $37.58 per share, for a total transaction of $37,580.00. Following the completion of the purchase, the director now owns 2,000 shares of the company’s stock, valued at approximately $75,160. The disclosure for this purchase can be found here. In the last quarter, insiders sold 5,104,166 shares of company stock worth $193,903,602. Company insiders own 5.90% of the company’s stock.
Several large investors have recently bought and sold shares of GMS. Citadel Advisors LLC lifted its stake in shares of GMS by 141.4% in the fourth quarter. Citadel Advisors LLC now owns 974,060 shares of the company’s stock worth $36,664,000 after buying an additional 570,485 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of GMS in the third quarter worth about $16,433,000. Davidson Kempner Capital Management LP purchased a new position in shares of GMS in the third quarter worth about $15,930,000. Copper Rock Capital Partners LLC lifted its stake in shares of GMS by 47.4% in the fourth quarter. Copper Rock Capital Partners LLC now owns 1,165,143 shares of the company’s stock worth $43,798,000 after buying an additional 374,438 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of GMS by 220.3% in the second quarter. State Street Corp now owns 397,752 shares of the company’s stock worth $11,179,000 after buying an additional 273,558 shares in the last quarter. 72.83% of the stock is currently owned by hedge funds and other institutional investors.
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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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