GMS (NYSE:GMS) Upgraded at StockNews.com

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

GMS has been the topic of several other research reports. 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. Barclays upped their price target on GMS from $75.00 to $93.00 and gave the company an equal weight rating in a research report on Tuesday, March 5th. Robert W. Baird upped their price target on GMS from $92.00 to $105.00 and gave the company an outperform rating in a research report on Friday, March 1st. Truist Financial upped their price target on GMS from $72.00 to $88.00 and gave the company a hold rating in a research report on Friday, March 1st. Finally, Royal Bank of Canada upped their price target on GMS from $84.00 to $92.00 and gave the company 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 given a strong buy rating to the company. According to MarketBeat.com, GMS has an average rating of Moderate Buy and an average price target of $89.63.

GMS Stock Up 0.0 %

GMS stock opened at $92.87 on Wednesday. The stock’s fifty day simple moving average is $93.33 and its two-hundred day simple moving average is $80.37. 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 has a 1-year low of $54.99 and a 1-year high of $101.04. The stock has a market cap of $3.70 billion, a P/E ratio of 13.01 and a beta of 1.73.

GMS (NYSE:GMS) last posted its quarterly earnings data 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). GMS had a return on equity of 25.65% and a net margin of 5.48%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the firm posted $1.85 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Analysts expect that GMS will post 8.36 EPS for the current year.

Insider Activity at GMS

In other GMS news, SVP Craig D. Apolinsky sold 20,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,000,465.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other GMS news, SVP Craig D. Apolinsky sold 20,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,000,465.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 in the company, valued at $4,691,060.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,820 shares of company stock worth $3,561,192. 1.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On GMS

Hedge funds and other institutional investors have recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in shares of GMS by 131.1% in 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 valued at about $32,000. Hexagon Capital Partners LLC boosted its holdings in GMS by 233.3% during the 4th quarter. Hexagon Capital Partners LLC now owns 430 shares of the company’s stock valued at $35,000 after acquiring an additional 301 shares during the period. TFO Wealth Partners LLC boosted 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 acquiring an additional 1,740 shares during the period. Finally, CI Investments Inc. purchased a new stake in GMS in the 3rd quarter worth approximately $155,000. 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.