GMS (NYSE:GMS) Stock Price Expected to Rise, Loop Capital Analyst Says

GMS (NYSE:GMS - Get Free Report) had its price target increased by analysts at Loop Capital from $95.00 to $110.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Loop Capital's target price points to a potential upside of 0.89% from the stock's previous close.

Several other brokerages have also weighed in on GMS. Royal Bank Of Canada raised their price objective on shares of GMS from $95.20 to $110.00 and gave the company a "sector perform" rating in a research report on Tuesday. Barclays raised their price target on shares of GMS from $71.00 to $95.00 and gave the company an "equal weight" rating in a report on Friday, June 20th. Raymond James Financial cut shares of GMS from an "outperform" rating to a "market perform" rating in a report on Wednesday, June 25th. DA Davidson upgraded GMS from a "hold" rating to a "strong-buy" rating in a report on Friday, June 20th. Finally, UBS Group set a $80.00 price target on GMS in a research report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, GMS currently has a consensus rating of "Hold" and an average target price of $95.56.

GMS Stock Up 0.3%

Shares of NYSE GMS traded up $0.28 during mid-day trading on Tuesday, reaching $109.03. The company had a trading volume of 1,440,522 shares, compared to its average volume of 478,409. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.17 and a current ratio of 1.91. GMS has a twelve month low of $65.77 and a twelve month high of $109.55. The stock's 50 day moving average is $79.01 and its 200-day moving average is $79.14. The stock has a market capitalization of $4.15 billion, a PE ratio of 37.71 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 analysts' consensus estimates of $1.11 by $0.18. GMS had a return on equity of 16.97% and a net margin of 2.09%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the company posted $1.93 earnings per share. The business's quarterly revenue was down 5.6% compared to the same quarter last year. As a group, equities analysts anticipate 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 the business's stock in a transaction that occurred on Monday, April 7th. The stock was acquired at an average price of $70.00 per share, with a total value of $255,500.00. Following the transaction, the chief executive officer owned 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its position in shares of GMS by 38.7% in the fourth quarter. FMR LLC now owns 5,868,782 shares of the company's stock valued at $497,849,000 after acquiring an additional 1,636,612 shares during the period. Coliseum Capital Management LLC raised its stake in GMS by 81.9% during the 1st quarter. Coliseum Capital Management LLC now owns 3,437,488 shares of the company's stock valued at $251,521,000 after purchasing an additional 1,547,999 shares during the last quarter. Westwood Holdings Group Inc. raised its stake in GMS by 29.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 933,262 shares of the company's stock valued at $68,287,000 after purchasing an additional 212,128 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in GMS by 105.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 373,738 shares of the company's stock valued at $27,346,000 after purchasing an additional 191,737 shares during the period. Finally, American Century Companies Inc. grew its position in GMS by 12.9% in the 1st quarter. American Century Companies Inc. now owns 1,660,194 shares of the company's stock worth $121,476,000 after purchasing an additional 189,760 shares during the last quarter. 95.28% of the stock is owned by institutional investors.

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.

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