The Latest Breaking News from GMS Inc

Heightened demand for commercial and public infrastructure should bode well for the US industrial sectors. Hence, I think fundamentally strong industrial stocks Holcim (HCMLY), Heidelberg Materials (HDELY), CEMEX (CX), GMS (GMS), and Griffon (GFF), which are rated an A (Strong Buy) in our proprietary rating system, might be solid buys…

Strong demand across different industries and the adoption of sustainable practices appear to be positive for the building material sector. As the industry’s prospects look promising, it could be wise to invest in three top building material stocks, Holcim Ltd (HCMLY), GMS Inc. (GMS), and Apogee Enterprises (APOG). Read on….

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…