GMS (NYSE:GMS) Price Target Raised to $93.00 at Barclays

GMS (NYSE:GMS - Free Report) had its target price boosted by Barclays from $80.00 to $93.00 in a report released on Friday,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other brokerages have also recently weighed in on GMS. DA Davidson dropped their price target on GMS from $97.00 to $94.00 and set a "neutral" rating for the company in a research report on Friday. Truist Financial dropped their target price on shares of GMS from $95.00 to $90.00 and set a "hold" rating for the company in a report on Friday, August 30th. Robert W. Baird reduced their price target on shares of GMS from $115.00 to $110.00 and set an "outperform" rating on the stock in a report on Friday. Royal Bank of Canada reissued a "sector perform" rating and set a $86.00 price objective (up from $78.00) on shares of GMS in a research note on Friday. Finally, StockNews.com downgraded GMS from a "buy" rating to a "hold" rating in a research report on Monday, September 2nd. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $93.25.

GMS Price Performance

GMS traded down $0.71 on Friday, hitting $97.05. 422,927 shares of the company were exchanged, compared to its average volume of 392,173. GMS has a fifty-two week low of $68.13 and a fifty-two week high of $105.54. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.45 and a current ratio of 2.31. The firm has a market capitalization of $3.81 billion, a P/E ratio of 17.84 and a beta of 1.68. The business's fifty day moving average is $95.68 and its 200 day moving average is $90.99.

GMS (NYSE:GMS - Get Free Report) last released its quarterly earnings results on Thursday, December 5th. The company reported $2.02 earnings per share for the quarter, missing analysts' consensus estimates of $2.26 by ($0.24). GMS had a return on equity of 22.02% and a net margin of 4.45%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the company earned $2.30 EPS. The business's revenue was up 3.5% on a year-over-year basis. As a group, sell-side analysts anticipate that GMS will post 7.95 EPS for the current year.

Insiders Place Their Bets

In other GMS news, COO George T. Hendren sold 5,000 shares of GMS stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $102.13, for a total value of $510,650.00. Following the completion of the sale, the chief operating officer now owns 23,772 shares in the company, valued at $2,427,834.36. The trade was a 17.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. FMR LLC raised its position in shares of GMS by 25.3% in the 3rd quarter. FMR LLC now owns 4,232,170 shares of the company's stock worth $383,308,000 after buying an additional 854,987 shares during the period. American Century Companies Inc. lifted its stake in shares of GMS by 28.5% in the 2nd quarter. American Century Companies Inc. now owns 1,830,833 shares of the company's stock valued at $147,583,000 after purchasing an additional 406,406 shares in the last quarter. LSV Asset Management grew its holdings in shares of GMS by 103.0% during the 2nd quarter. LSV Asset Management now owns 690,820 shares of the company's stock worth $55,687,000 after purchasing an additional 350,478 shares during the period. Van Lanschot Kempen Investment Management N.V. acquired a new stake in GMS during the 2nd quarter worth approximately $24,601,000. Finally, Weiss Asset Management LP acquired a new stake in GMS during the 3rd quarter worth approximately $12,490,000. 95.28% of the stock is currently 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.