GMS (NYSE:GMS) Price Target Raised to $95.00 at Stephens

GMS (NYSE:GMS) had its target price lifted by Stephens from $90.00 to $95.00 in a report published on Friday morning, MarketBeat.com reports. Stephens currently has an overweight rating on the stock.

A number of other analysts also recently issued reports on GMS. Barclays reiterated an “equal weight” rating on shares of GMS in a research report on Tuesday. Royal Bank Of Canada boosted their target price on GMS from $65.00 to $95.20 and gave the stock a “sector perform” rating in a research report on Tuesday. Loop Capital dropped their target price on GMS from $93.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, March 10th. DA Davidson decreased their price target on shares of GMS from $94.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Finally, Truist Financial set a $80.00 price target on shares of GMS in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, GMS currently has an average rating of “Hold” and an average target price of $90.36.

GMS Stock Performance

Shares of GMS opened at $100.62 on Friday. The company has a market cap of $3.86 billion, a PE ratio of 34.82 and a beta of 1.62. The company has a current ratio of 1.91, a quick ratio of 1.38 and a debt-to-equity ratio of 0.85. The stock has a 50-day moving average price of $75.45 and a 200-day moving average price of $79.17. GMS has a 12-month low of $65.77 and a 12-month high of $105.54.

GMS (NYSE:GMS) last issued its quarterly earnings results on Wednesday, June 18th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.18. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.30 billion. GMS had a return on equity of 15.29% and a net margin of 2.09%. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter last year, the company posted $1.93 EPS. As a group, equities analysts forecast that GMS will post 7.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO John C. Turner, Jr. acquired 3,650 shares of the stock in a transaction on Monday, April 7th. The stock was purchased at an average price of $70.00 per share, for a total transaction 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 trade represents a 5.77% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Theron I. Gilliam sold 12,474 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $73.46, for a total value of $916,340.04. Following the completion of the sale, the director now owns 31,507 shares of the company’s stock, valued at $2,314,504.22. The trade was a 28.36% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Institutional Trading of GMS

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its position in GMS by 246.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company’s stock valued at $84,000 after purchasing an additional 705 shares during the last quarter. Yousif Capital Management LLC lifted its position in GMS by 1.0% in the first quarter. Yousif Capital Management LLC now owns 15,143 shares of the company’s stock valued at $1,108,000 after purchasing an additional 147 shares during the last quarter. AlphaQuest LLC lifted its position in GMS by 1,710.5% in the fourth quarter. AlphaQuest LLC now owns 344 shares of the company’s stock valued at $29,000 after purchasing an additional 325 shares during the last quarter. Deutsche Bank AG lifted its position in GMS by 26.7% in the fourth quarter. Deutsche Bank AG now owns 49,222 shares of the company’s stock valued at $4,176,000 after purchasing an additional 10,377 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in GMS by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 609,715 shares of the company’s stock valued at $51,722,000 after purchasing an additional 15,664 shares during the last quarter. Institutional investors own 95.28% of the company’s stock.

About GMS

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.