GMS (NYSE:GMS) Lowered to Buy at StockNews.com

StockNews.com lowered shares of GMS (NYSE:GMSFree Report) from a strong-buy rating to a buy rating in a research note published on Friday.

GMS has been the subject of a number of other research reports. Truist Financial upped their price objective on GMS from $72.00 to $88.00 and gave the company a hold rating in a research report on Friday, March 1st. Robert W. Baird upped their price objective on GMS from $92.00 to $105.00 and gave the company an outperform rating in a research report on Friday, March 1st. Barclays upped their price target on GMS from $75.00 to $93.00 and gave the stock an equal weight rating in a research report on Tuesday, March 5th. Finally, Royal Bank of Canada upped their price target on GMS from $84.00 to $92.00 and gave the stock a sector perform rating in a research report on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $89.63.

Read Our Latest Stock Report on GMS

GMS Stock Down 2.0 %

GMS stock opened at $89.35 on Friday. The stock has a market cap of $3.56 billion, a PE ratio of 12.51 and a beta of 1.72. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.47 and a current ratio of 2.40. GMS has a one year low of $56.58 and a one year high of $101.04. The stock has a fifty day moving average of $94.20 and a 200 day moving average of $87.22.

Insider Buying and Selling

In related news, SVP Craig D. Apolinsky sold 20,000 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $96.57, for a total transaction of $1,931,400.00. Following the completion of the sale, the senior vice president now owns 10,360 shares in the company, valued at $1,000,465.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Craig D. Apolinsky sold 20,000 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $96.57, for a total transaction of $1,931,400.00. Following the completion of the sale, the senior vice president now owns 10,360 shares in the company, valued at $1,000,465.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO George T. Hendren sold 10,554 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $96.49, for a total value of $1,018,355.46. Following the sale, the chief operating officer now owns 23,261 shares of the company’s stock, valued at approximately $2,244,453.89. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,820 shares of company stock worth $3,561,192. 1.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On GMS

Several institutional investors have recently added to or reduced their stakes in GMS. Victory Capital Management Inc. grew its holdings in GMS by 17.8% during the 3rd quarter. Victory Capital Management Inc. now owns 27,498 shares of the company’s stock valued at $1,759,000 after buying an additional 4,146 shares in the last quarter. Barclays PLC grew its holdings in GMS by 12.4% during the 3rd quarter. Barclays PLC now owns 22,249 shares of the company’s stock valued at $1,424,000 after buying an additional 2,462 shares in the last quarter. New York State Common Retirement Fund grew its holdings in GMS by 26.1% during the 3rd quarter. New York State Common Retirement Fund now owns 23,531 shares of the company’s stock valued at $1,505,000 after buying an additional 4,874 shares in the last quarter. Swiss National Bank grew its holdings in GMS by 11.4% during the 3rd quarter. Swiss National Bank now owns 85,200 shares of the company’s stock valued at $5,450,000 after buying an additional 8,700 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in GMS by 41.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 96,631 shares of the company’s stock valued at $6,181,000 after buying an additional 28,285 shares in the last quarter. Hedge funds and other institutional investors own 95.28% of the company’s stock.

About GMS

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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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Analyst Recommendations for GMS (NYSE:GMS)

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