GMS’s (GMS) Neutral Rating Reiterated at Robert W. Baird

Robert W. Baird reissued their neutral rating on shares of GMS (NYSE:GMS) in a report issued on Monday morning,Benzinga reports. Robert W. Baird currently has a $95.00 target price on the stock, up from their previous target price of $93.00.

Several other research firms have also recently issued reports on GMS. Royal Bank Of Canada raised their target price on GMS from $65.00 to $95.20 and gave the stock a “sector perform” rating in a research note on Tuesday, June 17th. Stephens raised their target price on GMS from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, June 20th. Raymond James Financial raised their target price on GMS from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, June 20th. DA Davidson raised GMS from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 20th. Finally, Barclays raised their target price on GMS from $71.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Friday, June 20th. Eight research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $90.58.

GMS Stock Performance

NYSE:GMS opened at $98.79 on Monday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.91 and a quick ratio of 1.17. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 34.18 and a beta of 1.62. The company’s 50-day moving average is $77.13 and its two-hundred day moving average is $79.19. GMS has a 1-year low of $65.77 and a 1-year high of $105.54.

GMS (NYSE:GMS) last posted its earnings results on Wednesday, June 18th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.18. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.30 billion. GMS had a net margin of 2.09% and a return on equity of 16.97%. GMS’s revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.93 EPS. Analysts forecast that GMS will post 7.26 EPS for the current year.

Insider Transactions at GMS

In other news, Director Theron I. Gilliam sold 12,474 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $73.46, for a total transaction of $916,340.04. Following the completion of the transaction, the director now directly owns 31,507 shares in the company, valued at $2,314,504.22. This trade represents a 28.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO John C. Turner, Jr. purchased 3,650 shares of the stock in a transaction dated Monday, April 7th. The shares were purchased at an average price of $70.00 per share, with a total value of $255,500.00. Following the completion of the transaction, the chief executive officer now owns 66,928 shares of the company’s stock, valued at approximately $4,684,960. This trade represents a 5.77% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its holdings in GMS by 246.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company’s stock valued at $84,000 after purchasing an additional 705 shares during the period. Yousif Capital Management LLC boosted its holdings in GMS by 1.0% in the first quarter. Yousif Capital Management LLC now owns 15,143 shares of the company’s stock valued at $1,108,000 after purchasing an additional 147 shares during the period. SG Americas Securities LLC purchased a new position in GMS in the first quarter valued at $442,000. AlphaQuest LLC boosted its holdings in GMS by 1,710.5% in the fourth quarter. AlphaQuest LLC now owns 344 shares of the company’s stock valued at $29,000 after purchasing an additional 325 shares during the period. Finally, Deutsche Bank AG boosted its holdings in GMS by 26.7% in the fourth quarter. Deutsche Bank AG now owns 49,222 shares of the company’s stock valued at $4,176,000 after purchasing an additional 10,377 shares during the period. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

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.