GMS (NYSE:GMS) Stock Rating Upgraded by StockNews.com

GMS (NYSE:GMS) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday.

GMS has been the topic of several other research reports. Royal Bank of Canada lifted their price target on GMS from $84.00 to $92.00 and gave the company a “sector perform” rating in a research note on Friday, March 1st. Truist Financial raised their price objective on GMS from $72.00 to $88.00 and gave the company a “hold” rating in a report on Friday, March 1st. Stephens raised their price objective on GMS from $87.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Barclays raised their price objective on GMS from $75.00 to $93.00 and gave the company an “equal weight” rating in a report on Tuesday, March 5th. Finally, Raymond James lifted their price target on GMS from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, December 11th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.63.

GMS Trading Up 0.3 %

GMS stock traded up $0.32 during mid-day trading on Wednesday, hitting $96.87. 402,599 shares of the company’s stock were exchanged, compared to its average volume of 362,292. The firm has a market capitalization of $3.86 billion, a P/E ratio of 13.57 and a beta of 1.72. GMS has a fifty-two week low of $52.00 and a fifty-two week high of $99.08. 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 company’s 50 day simple moving average is $88.92 and its 200-day simple moving average is $75.63.

GMS (NYSE:GMS) last issued its quarterly earnings data on Thursday, February 29th. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.01). The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. GMS had a return on equity of 25.65% and a net margin of 5.48%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.85 EPS. On average, equities analysts anticipate that GMS will post 8.35 earnings per share for the current year.

Insider Transactions at GMS

In other news, COO George T. Hendren sold 3,404 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $80.00, for a total transaction of $272,320.00. Following the completion of the sale, the chief operating officer now owns 23,261 shares in the company, valued at $1,860,880. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, COO George T. Hendren sold 3,404 shares of GMS stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $80.00, for a total value of $272,320.00. Following the completion of the sale, the chief operating officer now directly owns 23,261 shares in the company, valued at $1,860,880. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO John C. Turner, Jr. sold 6,266 shares of GMS stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $97.58, for a total transaction of $611,436.28. Following the completion of the sale, the chief executive officer now owns 48,074 shares of the company’s stock, valued at $4,691,060.92. The disclosure for this sale can be found here. Insiders sold a total of 24,679 shares of company stock worth $2,256,462 over the last quarter. Company 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 company. Blue Trust Inc. raised its position in GMS by 131.1% during the fourth quarter. Blue Trust Inc. now owns 372 shares of the company’s stock valued at $31,000 after purchasing an additional 211 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of GMS in the fourth quarter worth $32,000. Huntington National Bank bought a new stake in shares of GMS in the second quarter worth $27,000. Quarry LP bought a new stake in shares of GMS in the second quarter worth $29,000. Finally, Hexagon Capital Partners LLC grew its stake in shares of GMS by 233.3% in the fourth 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 last quarter. 95.28% of the stock is currently owned by institutional investors and hedge funds.

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.