GMS (NYSE:GMS - Get Free Report) had its price target hoisted by equities research analysts at Stephens from $90.00 to $95.00 in a report released on Friday, Marketbeat Ratings reports. The brokerage currently has an "overweight" rating on the stock. Stephens' price target indicates a potential downside of 5.35% from the stock's current price.
Several other equities analysts also recently weighed in on the company. Robert W. Baird set a $93.00 target price on GMS in a research report on Tuesday, June 17th. Royal Bank Of Canada raised their price target on GMS from $65.00 to $95.20 and gave the company a "sector perform" rating in a report on Tuesday, June 17th. Truist Financial set a $80.00 target price on GMS in a report on Tuesday, June 17th. UBS Group set a $80.00 price target on GMS in a research report on Friday, March 7th. Finally, Loop Capital dropped their price target on GMS from $93.00 to $80.00 and set a "hold" rating for the company in a research report on Monday, March 10th. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, GMS currently has a consensus rating of "Hold" and an average price target of $90.58.
Read Our Latest Analysis on GMS
GMS Stock Up 0.1%
GMS traded up $0.10 during trading on Friday, hitting $100.37. 1,522,462 shares of the company's stock traded hands, compared to its average volume of 442,378. The company's 50 day simple moving average is $76.00 and its two-hundred day simple moving average is $78.91. The company has a current ratio of 1.91, a quick ratio of 1.17 and a debt-to-equity ratio of 0.85. GMS has a 12-month low of $65.77 and a 12-month high of $105.54. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 34.73 and a beta of 1.62.
GMS (NYSE:GMS - Get Free Report) last issued its earnings results on Wednesday, June 18th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.11 by $0.18. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.30 billion. GMS had a return on equity of 16.97% and a net margin of 2.09%. The company's revenue was down 5.6% compared to the same quarter last year. During the same period last year, the business posted $1.93 EPS. Analysts predict that GMS will post 7.26 earnings per share for the current fiscal year.
Insider Activity at GMS
In other GMS news, CEO John C. Turner, Jr. acquired 3,650 shares of GMS stock in a transaction that occurred on Monday, April 7th. The stock was bought at an average price of $70.00 per share, with a total value of $255,500.00. Following the completion of the purchase, the chief executive officer now directly owns 66,928 shares of the company's stock, valued at approximately $4,684,960. This represents a 5.77% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Theron I. Gilliam sold 12,474 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $2,314,504.22. This trade represents a 28.36% decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.
Hedge Funds Weigh In On GMS
Large investors have recently made changes to their positions in the business. AlphaQuest LLC increased its position in shares of GMS by 1,710.5% during the fourth quarter. AlphaQuest LLC now owns 344 shares of the company's stock worth $29,000 after purchasing an additional 325 shares in the last quarter. Eukles Asset Management purchased a new position in GMS in the 1st quarter worth $33,000. Canada Pension Plan Investment Board purchased a new position in GMS in the 4th quarter worth $34,000. Brooklyn Investment Group purchased a new stake in GMS in the first quarter valued at $47,000. Finally, Versant Capital Management Inc boosted its holdings in GMS by 170.5% in the first quarter. Versant Capital Management Inc now owns 706 shares of the company's stock valued at $52,000 after purchasing an additional 445 shares during the last quarter. 95.28% of the stock is owned by institutional investors and hedge funds.
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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