GMS (NYSE:GMS) had its target price reduced by Stephens from $34.00 to $33.00 in a report released on Friday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the stock.
Several other brokerages have also recently commented on GMS. TheStreet upgraded shares of GMS from a c+ rating to a b- rating in a research report on Friday, September 27th. Royal Bank of Canada set a $30.00 price objective on shares of GMS and gave the company a buy rating in a report on Friday, August 30th. Zacks Investment Research cut shares of GMS from a buy rating to a hold rating in a research note on Wednesday, December 4th. Robert W. Baird lifted their target price on shares of GMS from $28.00 to $35.00 and gave the stock a neutral rating in a report on Friday. Finally, Seaport Global Securities reiterated a buy rating and set a $33.00 target price (up previously from $28.00) on shares of GMS in a research report on Friday, August 30th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $31.50.
GMS stock opened at $28.42 on Friday. The business’s fifty day moving average is $30.56 and its two-hundred day moving average is $25.01. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.43 and a current ratio of 2.21. The firm has a market cap of $1.20 billion, a P/E ratio of 10.15, a P/E/G ratio of 1.31 and a beta of 2.15. GMS has a 52 week low of $13.61 and a 52 week high of $32.42.
GMS (NYSE:GMS) last announced its earnings results on Thursday, December 5th. The company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.01. The company had revenue of $861.90 million during the quarter, compared to the consensus estimate of $860.95 million. GMS had a net margin of 2.38% and a return on equity of 19.27%. The company’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 earnings per share. On average, equities research analysts predict that GMS will post 3.11 earnings per share for the current year.
In other news, Director Ronald R. Ross sold 30,474 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $27.97, for a total transaction of $852,357.78. Following the completion of the transaction, the director now directly owns 285,365 shares in the company, valued at approximately $7,981,659.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.10% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in GMS. FMR LLC raised its stake in GMS by 27.6% during the 1st quarter. FMR LLC now owns 1,568,460 shares of the company’s stock worth $23,715,000 after buying an additional 338,959 shares during the period. First Trust Advisors LP lifted its holdings in GMS by 48.2% during the first quarter. First Trust Advisors LP now owns 137,357 shares of the company’s stock worth $2,077,000 after acquiring an additional 44,700 shares in the last quarter. Arizona State Retirement System acquired a new stake in shares of GMS during the second quarter worth about $1,102,000. Strs Ohio bought a new position in shares of GMS during the 2nd quarter valued at about $453,000. Finally, Aperio Group LLC increased its stake in GMS by 72.3% during the 2nd quarter. Aperio Group LLC now owns 95,870 shares of the company’s stock worth $2,109,000 after purchasing an additional 40,233 shares in the last quarter. 89.46% of the stock is owned by institutional investors.
GMS Company Profile
GMS Inc distributes wallboards, suspended ceilings systems, and related construction products in the United States and Canada. The company offers wallboard products; and 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.
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