GMS (NYSE:GMS) Stock Rating Upgraded by StockNews.com

GMS (NYSE:GMS) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday.

GMS has been the subject of several other research reports. Truist Financial lifted their price objective on GMS from $72.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, March 1st. Barclays lifted their price objective on GMS from $75.00 to $93.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 5th. Royal Bank of Canada lifted their target price on GMS from $84.00 to $92.00 and gave the company a “sector perform” rating in a research report on Friday, March 1st. Robert W. Baird lifted their target price on GMS from $92.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Finally, Stephens lifted their target price on GMS from $87.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $89.63.

GMS Stock Down 1.6 %

Shares of GMS stock traded down $1.44 on Wednesday, reaching $91.32. The company’s stock had a trading volume of 300,939 shares, compared to its average volume of 354,782. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 12.79 and a beta of 1.73. The firm’s fifty day simple moving average is $93.09 and its two-hundred day simple moving average is $79.99. GMS has a 52 week low of $54.59 and a 52 week high of $101.04. The company has a quick ratio of 1.47, a current ratio of 2.40 and a debt-to-equity ratio of 0.69.

GMS (NYSE:GMS) last issued its quarterly earnings data on Thursday, February 29th. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.01). GMS had a return on equity of 25.65% and a net margin of 5.48%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the firm earned $1.85 EPS. The business’s revenue was up 1.9% on a year-over-year basis. Equities analysts anticipate that GMS will post 8.36 earnings per share for the current year.

Insider Transactions at GMS

In related news, COO George T. Hendren sold 10,554 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $96.49, for a total value of $1,018,355.46. Following the completion of the sale, the chief operating officer now owns 23,261 shares in the company, valued at $2,244,453.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other GMS news, SVP Craig D. Apolinsky sold 20,000 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $96.57, for a total transaction of $1,931,400.00. Following the completion of the sale, the senior vice president now owns 10,360 shares in the company, valued at $1,000,465.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO George T. Hendren sold 10,554 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $96.49, for a total value of $1,018,355.46. Following the sale, the chief operating officer now owns 23,261 shares of the company’s stock, valued at approximately $2,244,453.89. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,820 shares of company stock valued at $3,561,192. 1.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On GMS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its position in GMS by 131.1% during the 4th quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $31,000 after purchasing an additional 211 shares during the period. GAMMA Investing LLC acquired a new stake in GMS during the 4th quarter worth about $32,000. Hexagon Capital Partners LLC grew its position in GMS by 233.3% during the 4th quarter. Hexagon Capital Partners LLC now owns 430 shares of the company’s stock worth $35,000 after purchasing an additional 301 shares during the period. TFO Wealth Partners LLC grew its position in GMS by 174,000.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,741 shares of the company’s stock worth $144,000 after purchasing an additional 1,740 shares during the period. Finally, CI Investments Inc. acquired a new stake in shares of GMS during the 3rd quarter valued at about $155,000. 95.28% of the stock is owned by institutional investors and hedge funds.

About GMS

GMS Inc distributes wallboard, ceilings, steel framing and complementary construction products in the United States and Canada. The company offers ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings.