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GMS

GMS Inc.

$16.76

-0.14 (-0.83%)

14:11
12/19/18
12/19
14:11
12/19/18
14:11

Adage Capital Partners GP reports 5.11% passive stake in GMS Inc.

In a regulatory filing, Adage Capital Partners GP disclosed a 5.11% stake in GMS Inc., which represents over 2.1M shares. The filing does not allow for activism.

GMS GMS Inc.
$16.76

-0.14 (-0.83%)

12/11/18
BARD
12/11/18
NO CHANGE
Target $21
BARD
Neutral
GMS Inc. price target cut to $21 from $31 at Baird
Baird analyst David Manthey maintained a Neutral rating on GMS Inc but lowered his price target to $21 from $31. In a research note to investors, Manthey contends that GMS has underperformed since reporting Q2 results last week that were slightly below estimates, and that with wallboard volumes declining for a fourth straight quarter, he believes investor concerns around the competitive environment will likely linger, with continuing questions around GMS' ability to achieve both price and volume growth. Despite a seemingly attractive valuation, Manthey believes caution remains warranted.
12/06/18
RHCO
12/06/18
NO CHANGE
Target $26
RHCO
Buy
GMS Inc price target lowered to $26 from $34 at SunTrust
SunTrust analyst Keith Hughes lowered his price target on GMS to $26 after its Q2 results, saying that while the company's revenues were "solid" and organic growth was "good", the gross margins were "weak" on soft wallboard volumes. Hughes keeps his Buy rating however, noting that the company's operations have improved, and also sees its valuation as "exceptionally cheap" because investors incorrectly perceive it getting "wrongly caught up in the great housing debate".
12/05/18
LEHM
12/05/18
NO CHANGE
Target $25
LEHM
Overweight
GMS Inc. price target lowered to $25 from $30 at Barclays
Barclays analyst Matthew Bouley lowered his price target for GMS Inc. to $25 to reflect a 2% reduction to his fiscal 2019 EBITDA estimate as well as a more conservative multiple assumption "reflecting uncertainty around wallboard volume recovery and consolidated gross margins." The analyst, however, keeps an Overweight rating on the shares. He continues to forecast high single-digit base business revenue growth in the second half of 2019 driven by strength in Ceilings, Steel Framing and Wallboard pricing.
10/01/18
10/01/18
NO CHANGE

GMS Inc. announces resignation of CFO
GMS Inc. announced that Doug Goforth, the company's CFO, plans to depart the company to explore leadership opportunities outside of GMS. To ensure a smooth transition, Goforth plans to continue to serve as CFO of GMS until December 31, 2018 or until a successor is named and as an advisor to the company through March 31, 2019. GMS has initiated a search to identify qualified candidates to fill the permanent CFO position.

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