GMS (GMS) Rating Lowered to C at TheStreet

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GMS (NYSE:GMS) was downgraded by stock analysts at TheStreet from a “b-” rating to a “c” rating in a report issued on Thursday.

A number of other research firms have also weighed in on GMS. SunTrust Banks reissued a “buy” rating and set a $40.00 target price on shares of GMS in a research report on Tuesday, March 6th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of GMS from a “buy” rating to a “hold” rating in a research report on Tuesday, May 15th. ValuEngine lowered shares of GMS from a “hold” rating to a “sell” rating in a research report on Thursday. Seaport Global Securities raised shares of GMS from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Wednesday, March 7th. They noted that the move was a valuation call. Finally, Royal Bank of Canada set a $38.00 price objective on shares of GMS and gave the company a “buy” rating in a research report on Wednesday, March 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $37.67.

GMS stock opened at $27.09 on Thursday. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 1.34 and a beta of 1.47. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.91 and a quick ratio of 1.80. GMS has a fifty-two week low of $23.50 and a fifty-two week high of $39.98.

GMS (NYSE:GMS) last released its earnings results on Thursday, June 28th. The company reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.10). The firm had revenue of $635.80 million for the quarter, compared to analyst estimates of $674.08 million. GMS had a return on equity of 13.19% and a net margin of 2.51%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 EPS. equities analysts forecast that GMS will post 2.76 earnings per share for the current fiscal year.

In other news, insider G Michael Callahan, Jr. sold 12,500 shares of the company’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $29.32, for a total transaction of $366,500.00. Following the completion of the transaction, the insider now owns 428,314 shares of the company’s stock, valued at $12,558,166.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 37,605 shares of company stock valued at $1,154,610 in the last ninety days. 5.90% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of GMS. Schwab Charles Investment Management Inc. increased its stake in GMS by 23.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 201,243 shares of the company’s stock valued at $7,575,000 after acquiring an additional 38,618 shares during the period. SG Americas Securities LLC bought a new stake in GMS in the fourth quarter valued at about $129,000. Teacher Retirement System of Texas bought a new stake in GMS in the fourth quarter valued at about $368,000. Swiss National Bank increased its stake in GMS by 29.7% in the fourth quarter. Swiss National Bank now owns 61,100 shares of the company’s stock valued at $2,300,000 after acquiring an additional 14,000 shares during the period. Finally, First Trust Advisors LP increased its stake in GMS by 368.1% in the fourth quarter. First Trust Advisors LP now owns 80,832 shares of the company’s stock valued at $3,043,000 after acquiring an additional 63,565 shares during the period. 74.04% of the stock is currently owned by institutional investors and hedge funds.

About GMS

GMS Inc distributes wallboards, suspended ceilings systems, and complementary interior construction products in North America. The company offers wallboard products; and ceilings products, such as suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and other commercial and institutional buildings.

Analyst Recommendations for GMS (NYSE:GMS)

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