GMS (NYSE:GMS) Upgraded by StockNews.com to Strong-Buy

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

Several other research analysts also recently commented on GMS. Robert W. Baird raised their price objective on shares of GMS from $92.00 to $105.00 and gave the stock an outperform rating in a report on Friday, March 1st. Stephens upped their price objective on shares of GMS from $87.00 to $98.00 and gave the stock an overweight rating in a report on Friday, January 26th. Truist Financial boosted their price target on shares of GMS from $72.00 to $88.00 and gave the company a hold rating in a research report on Friday, March 1st. Royal Bank of Canada raised their price objective on shares of GMS from $84.00 to $92.00 and gave the stock a sector perform rating in a report on Friday, March 1st. Finally, Barclays upped their target price on GMS from $75.00 to $93.00 and gave the stock an equal weight rating in a report on Tuesday, March 5th. Four 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 stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $89.63.

GMS Stock Performance

GMS stock opened at $91.32 on Wednesday. The company has a quick ratio of 1.47, a current ratio of 2.40 and a debt-to-equity ratio of 0.69. The stock has a market cap of $3.63 billion, a PE ratio of 12.79 and a beta of 1.73. GMS has a 12-month low of $54.59 and a 12-month high of $101.04. The business’s 50-day moving average price is $93.09 and its two-hundred day moving average price is $79.99.

GMS (NYSE:GMS) last issued its quarterly earnings results on Thursday, February 29th. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.01). The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.27 billion. GMS had a net margin of 5.48% and a return on equity of 25.65%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.85 EPS. As a group, analysts expect that GMS will post 8.36 earnings per share for the current fiscal year.

Insider Activity at GMS

In related news, SVP Craig D. Apolinsky sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $96.57, for a total value of $1,931,400.00. Following the transaction, the senior vice president now directly owns 10,360 shares of the company’s stock, valued at approximately $1,000,465.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO John C. Turner, Jr. sold 6,266 shares of the 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 directly 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 available through this link. Also, SVP Craig D. Apolinsky sold 20,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the senior vice president now owns 10,360 shares of the company’s stock, valued at $1,000,465.20. The disclosure for this sale can be found here. Insiders sold 36,820 shares of company stock valued at $3,561,192 over the last 90 days. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On GMS

Institutional investors have recently bought and sold shares of the business. Blue Trust Inc. boosted its stake in shares of GMS by 131.1% in the fourth quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $31,000 after acquiring an additional 211 shares during the period. GAMMA Investing LLC purchased a new position in GMS in the 4th quarter worth approximately $32,000. Hexagon Capital Partners LLC boosted its stake in GMS by 233.3% in 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 during the period. TFO Wealth Partners LLC grew 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 valued at $144,000 after buying an additional 1,740 shares in the last quarter. Finally, CI Investments Inc. bought a new stake in shares of GMS during the third quarter valued at approximately $155,000. Hedge funds and other institutional investors own 95.28% of the company’s stock.

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.