GMS's (GMS) "Neutral" Rating Reiterated at Robert W. Baird

GMS (NYSE:GMS - Get Free Report)'s stock had its "neutral" rating reiterated by analysts at Robert W. Baird in a report issued on Monday,Benzinga reports. They currently have a $95.00 price objective on the stock, up from their prior price objective of $93.00. Robert W. Baird's price objective points to a potential downside of 5.59% from the stock's previous close.

A number of other equities analysts have also weighed in on the company. DA Davidson upgraded GMS from a "hold" rating to a "strong-buy" rating in a research note on Friday. Barclays raised their target price on shares of GMS from $71.00 to $95.00 and gave the stock an "equal weight" rating in a report on Friday. Loop Capital reduced their target price on GMS from $93.00 to $80.00 and set a "hold" rating on the stock in a report on Monday, March 10th. Royal Bank Of Canada upped their price objective on shares of GMS from $65.00 to $95.20 and gave the stock a "sector perform" rating in a research report on Tuesday, June 17th. Finally, Stephens increased their price objective on shares of GMS from $90.00 to $95.00 and gave the stock an "overweight" rating in a research note on Friday. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $90.58.

GMS Trading Up 24.2%

NYSE GMS opened at $100.62 on Monday. The company has a market cap of $3.83 billion, a PE ratio of 34.82 and a beta of 1.62. GMS has a 12 month low of $65.77 and a 12 month high of $105.54. The stock has a 50 day moving average of $75.45 and a 200-day moving average of $78.88. 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 (NYSE:GMS - Get Free Report) last posted its earnings results on Wednesday, June 18th. The company reported $1.29 earnings per share for the quarter, topping 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 business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the firm earned $1.93 EPS. The firm's revenue was down 5.6% compared to the same quarter last year. On average, equities research analysts anticipate that GMS will post 7.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Theron I. Gilliam sold 12,474 shares of GMS stock in a transaction dated Tuesday, April 1st. The shares were 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 in the company, valued at $2,314,504.22. This trade represents a 28.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John C. Turner, Jr. bought 3,650 shares of the firm's stock in a transaction dated Monday, April 7th. The shares were acquired at an average cost of $70.00 per share, with a total value of $255,500.00. Following the completion of the transaction, the chief executive officer now owns 66,928 shares of the company's stock, valued at $4,684,960. This represents a 5.77% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On GMS

A number of hedge funds have recently bought and sold shares of the company. Summit Investment Advisors Inc. raised its position in GMS by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,130 shares of the company's stock worth $350,000 after acquiring an additional 131 shares during the period. Yousif Capital Management LLC boosted its position in GMS by 1.0% during the first quarter. Yousif Capital Management LLC now owns 15,143 shares of the company's stock worth $1,108,000 after purchasing an additional 147 shares during the period. Rockefeller Capital Management L.P. increased its stake in shares of GMS by 0.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 37,507 shares of the company's stock worth $3,182,000 after purchasing an additional 148 shares in the last quarter. Vise Technologies Inc. grew its position in shares of GMS by 2.3% in the fourth quarter. Vise Technologies Inc. now owns 7,090 shares of the company's stock valued at $601,000 after purchasing an additional 162 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its holdings in GMS by 1.8% during the 1st quarter. SummerHaven Investment Management LLC now owns 9,776 shares of the company's stock valued at $715,000 after buying an additional 171 shares in the last quarter. 95.28% of the stock is owned by hedge funds and other 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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