The Latest Breaking News from GMS Inc

The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.52%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.63%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.64%. September E-mini S&P futures (ESU25 ) are up +0.44%, and September E-mini Nasdaq futures...

The S&P 500 Index ($SPX ) (SPY ) today is up +0.16%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.25%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.33%. September E-mini S&P futures (ESU25 ) are up +0.17%, and September E-mini Nasdaq futures...

Amid high-interest rates and a tight labor market, the economy is at risk of tipping into a recession in the second half of 2023. So, investors could consider buying industrial stocks Holcim (HCMLY), GMS (GMS), and Apogee Enterprises (APOG) that have gained momentum despite the market volatility. Keep reading.

Fed Chair’s signal to continue hiking interest rates has raised recession fears and led to a market sell-off. Amid the uncertain market and economic conditions, it could be wise to invest in Ryder System (R), GMS (GMS), and Friedman Industries (FRD), which possess solid growth prospects and have gained momentum…

Raymond James analyst Sam J. Darkatsh lowered the price target for GMS Inc (NYSE:GMS) to $70 (61% upside) from $72 while maintaining the Outperform rating on the shares. The analyst mentions that GMS trades at a double-digit FCF yield; has seen recent insider buying with expanded repo authority; has a "drama-free" balance sheet, and has…

Although U.S. stock futures traded higher this morning on Friday, there were a few notable insider trades.

Although US stock futures traded lower on Wednesday, there were a few notable insider trades.

GMS Inc (NYSE:GMS) was initiated by Loop Capital analyst Jeffrey Stevenson, with a Buy rating and a price target of $62, implying an upside of 17%. The analyst mentions GMS has several positive catalysts that will move the shares higher. Stevenson thinks the share pullback from recent highs presents an attractive long-term entry point.…

GMS Inc (NYSE:GMS) reported third-quarter FY22 net sales growth of 53.6% year-over-year to $1.15 billion, +41.5% on an organic basis, beating the consensus of $1.13 billion. Adjusted EPS increased to $1.74 from $0.60 in 3Q21, in line with the consensus of $1.74. The gross margin contracted by 50 bps to 31.9%. Operating income…