GMS (NYSE:GMS) PT Lowered to $100.00

GMS (NYSE:GMSFree Report) had its price objective trimmed by Robert W. Baird from $112.00 to $100.00 in a report published on Friday, Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other research analysts have also recently commented on GMS. Barclays increased their target price on shares of GMS from $75.00 to $93.00 and gave the stock an equal weight rating in a report on Tuesday, March 5th. Truist Financial raised their price objective on shares of GMS from $72.00 to $88.00 and gave the company a hold rating in a report on Friday, March 1st. StockNews.com upgraded shares of GMS from a buy rating to a strong-buy rating in a report on Tuesday, June 18th. Finally, Royal Bank of Canada raised their price objective on shares of GMS from $84.00 to $92.00 and gave the company a sector perform rating in a report on Friday, March 1st. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, GMS presently has a consensus rating of Moderate Buy and an average price target of $88.88.

Read Our Latest Analysis on GMS

GMS Trading Down 1.6 %

GMS stock opened at $80.55 on Friday. The company has a market capitalization of $3.21 billion, a PE ratio of 11.97 and a beta of 1.72. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.47 and a current ratio of 2.17. GMS has a 52 week low of $56.58 and a 52 week high of $101.04. The company’s 50-day simple moving average is $92.07 and its 200 day simple moving average is $88.99.

GMS (NYSE:GMSGet Free Report) last posted its earnings results on Thursday, June 20th. The company reported $1.93 EPS for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.11). The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.41 billion. GMS had a return on equity of 24.05% and a net margin of 5.02%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company posted $2.11 EPS. As a group, sell-side analysts anticipate that GMS will post 8.79 earnings per share for the current year.

Insider Transactions at GMS

In other news, SVP Craig D. Apolinsky sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were 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 of the company’s stock, valued at approximately $1,000,465.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.90% of the company’s stock.

Institutional Trading of GMS

Hedge funds have recently bought and sold shares of the business. Allianz Asset Management GmbH grew its position in GMS by 116.5% in the 4th quarter. Allianz Asset Management GmbH now owns 24,732 shares of the company’s stock valued at $2,039,000 after purchasing an additional 13,306 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in GMS by 99.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 31,000 shares of the company’s stock valued at $1,983,000 after purchasing an additional 15,465 shares during the period. QRG Capital Management Inc. acquired a new stake in GMS in the 3rd quarter valued at $463,000. Reinhart Partners LLC. grew its position in GMS by 2.0% in the 1st quarter. Reinhart Partners LLC. now owns 487,549 shares of the company’s stock valued at $47,458,000 after purchasing an additional 9,441 shares during the period. Finally, Lazard Asset Management LLC grew its position in GMS by 17.5% in the 3rd quarter. Lazard Asset Management LLC now owns 190,477 shares of the company’s stock valued at $12,184,000 after purchasing an additional 28,311 shares during the period. Institutional investors and hedge funds own 95.28% of the company’s stock.

GMS Company Profile

(Get Free Report)

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.

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Analyst Recommendations for GMS (NYSE:GMS)

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