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

GMS (NYSE:GMS) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.

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

GMS Stock Down 1.6 %

GMS stock traded down $1.44 during trading on Wednesday, hitting $91.32. 300,939 shares of the company were exchanged, compared to its average volume of 354,782. The business’s 50 day moving average is $93.09 and its 200 day 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 market capitalization of $3.63 billion, a P/E ratio of 12.79 and a beta of 1.73. The company has a current ratio of 2.40, a quick ratio of 1.47 and a debt-to-equity ratio of 0.69.

GMS (NYSE:GMS) last announced its quarterly earnings results on Thursday, February 29th. The company reported $1.60 earnings per share (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 company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the company posted $1.85 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. Analysts predict that GMS will post 8.36 earnings per share for the current year.

Insider Activity

In other news, CEO John C. Turner, Jr. sold 6,266 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $97.58, for a total transaction of $611,436.28. Following the transaction, the chief executive officer now owns 48,074 shares of the company’s stock, valued at approximately $4,691,060.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Craig D. Apolinsky sold 20,000 shares of the stock in a transaction dated 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 sale, the senior vice president now owns 10,360 shares of the company’s stock, valued at approximately $1,000,465.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John C. Turner, Jr. sold 6,266 shares of the 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 sale, the chief executive officer now directly owns 48,074 shares in the company, valued at approximately $4,691,060.92. The disclosure for this sale can be found here. Insiders have sold 36,820 shares of company stock valued at $3,561,192 in the last 90 days. Insiders own 1.90% of the company’s stock.

Institutional Trading of GMS

Institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its holdings 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 in the last quarter. GAMMA Investing LLC purchased a new stake in GMS during the 4th quarter worth about $32,000. Hexagon Capital Partners LLC lifted its holdings 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 in the last quarter. TFO Wealth Partners LLC lifted its holdings 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 in the last quarter. Finally, CI Investments Inc. bought a new position in GMS in the 3rd quarter worth about $155,000. Hedge funds and other institutional investors own 95.28% of the company’s stock.

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.