GMS Inc. Common Stock (GMS)

Even if a company is profitable, it doesn’t always mean it’s a great investment. Some struggle to maintain growth, face looming threats, or fail to reinvest wisely, limiting their future potential.

Great things are happening to the stocks in this article. They’re all outperforming the market over the last month because of positive catalysts such as a new product line, constructive news flow, or even a loyal Reddit fanbase.

Check out the companies making headlines this week:

Analyst maintains Buy rating on Home Depot with $450 price target, noting plans for subsidiary SRS Distribution to acquire GMS for $4.3B.

Check out the companies making headlines yesterday:

Barclays, Baird, and Loop Capital have raised their price target on GMS to $110 as the deal with Home Depot gives the building products distributor a chance to revive earnings amid residential and commercial demand pressure

Wall Street Keeps Climbing as Deals, AI Drama, and Trade Winds Stir Up the Market

SRS bid higher than QXO Inc., which was also eying the deal.

Shares of building materials distributor GMS (NYSE:GMS) jumped 11.7% in the afternoon session after the company announced it had agreed to be acquired by The Home Depot's subsidiary, SRS Distribution. The all-cash deal values the specialty building products distributor at $110.00 per share, for a total enterprise value of approximately $5.5 billion. 

The Home Depot Inc. is acquiring GMS Inc. for $4.3B, expanding its reach in the pro contractor space and adding to its capabilities and service offerings.

U.S. stock futures are up Monday morning, but only marginally as tensions continue to flare in the Middle East, following American airstrikes on Iranian nuclear facilities over the weekend.

U.S. Strike on Iran Shakes Markets as War Fears, Chip Tensions, and Weak Data Collide

Shares of building materials distributor GMS (NYSE:GMS) jumped 26.2% in the afternoon session after Home Depot joined QXO in a bidding war to acquire the company.