GMS (NYSE:GMS) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of GMS (NYSE:GMS) from a buy rating to a strong-buy rating in a research report released on Wednesday morning.

Other equities research analysts also recently issued reports about the company. Royal Bank of Canada increased their price target on GMS from $84.00 to $92.00 and gave the stock a sector perform rating in a report on Friday, March 1st. Robert W. Baird increased 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. Stephens increased 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. Barclays increased their target price on GMS from $75.00 to $93.00 and gave the company an equal weight rating in a research report on Tuesday, March 5th. Finally, Truist Financial increased their target price on GMS from $72.00 to $88.00 and gave the company a hold rating in a research report on Friday, March 1st. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, GMS presently has a consensus rating of Moderate Buy and an average target price of $89.63.

GMS Trading Up 0.3 %

NYSE GMS opened at $96.87 on Wednesday. GMS has a fifty-two week low of $52.00 and a fifty-two week high of $99.08. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.47 and a current ratio of 2.40. The stock has a 50 day simple moving average of $88.92 and a two-hundred day simple moving average of $75.63. The stock has a market cap of $3.86 billion, a P/E ratio of 13.57 and a beta of 1.72.

GMS (NYSE:GMS) last posted its earnings results on Thursday, February 29th. The company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.01). The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.27 billion. GMS had a net margin of 5.48% and a return on equity of 25.65%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.85 EPS. On average, analysts forecast that GMS will post 8.35 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Craig D. Apolinsky sold 4,455 shares of the business’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $79.54, for a total value of $354,350.70. Following the completion of the transaction, the senior vice president now owns 10,360 shares of the company’s stock, valued at approximately $824,034.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO John C. Turner, Jr. sold 6,266 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $97.58, for a total value of $611,436.28. Following the completion of the transaction, the chief executive officer now owns 48,074 shares of the company’s stock, valued at approximately $4,691,060.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Craig D. Apolinsky sold 4,455 shares of the company’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $79.54, for a total value of $354,350.70. Following the completion of the transaction, the senior vice president now directly owns 10,360 shares of the company’s stock, valued at approximately $824,034.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,679 shares of company stock valued at $2,256,462. 1.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On GMS

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in GMS by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 5,242,989 shares of the company’s stock worth $209,773,000 after buying an additional 154,926 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in GMS by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,482,066 shares of the company’s stock worth $204,600,000 after buying an additional 14,005 shares in the last quarter. State Street Corp increased its stake in GMS by 0.5% during the 1st quarter. State Street Corp now owns 1,596,626 shares of the company’s stock worth $92,429,000 after buying an additional 7,235 shares in the last quarter. Pacer Advisors Inc. increased its stake in GMS by 57.5% during the 4th quarter. Pacer Advisors Inc. now owns 1,250,370 shares of the company’s stock worth $103,068,000 after buying an additional 456,692 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in GMS by 8.1% during the 4th quarter. Federated Hermes Inc. now owns 1,018,642 shares of the company’s stock worth $83,967,000 after buying an additional 76,417 shares in the last quarter. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

GMS Company Profile

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.