GMS (NYSE:GMS) PT Raised to $115.00

GMS (NYSE:GMS - Free Report) had its price target upped by Robert W. Baird from $96.00 to $115.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

GMS has been the topic of a number of other research reports. StockNews.com lowered shares of GMS from a "buy" rating to a "hold" rating in a research note on Monday, September 2nd. Royal Bank of Canada reduced their price objective on GMS from $92.00 to $85.00 and set a "sector perform" rating for the company in a research note on Friday, June 21st. Stephens decreased their target price on GMS from $112.00 to $95.00 and set an "overweight" rating for the company in a report on Monday, July 1st. Truist Financial cut their price target on shares of GMS from $95.00 to $90.00 and set a "hold" rating on the stock in a report on Friday, August 30th. Finally, Loop Capital decreased their price objective on shares of GMS from $100.00 to $85.00 and set a "hold" rating for the company in a research note on Friday, June 21st. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $91.50.

GMS Stock Up 2.1 %

Shares of NYSE:GMS traded up $1.97 during trading hours on Wednesday, hitting $96.23. The company's stock had a trading volume of 329,607 shares, compared to its average volume of 386,169. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.31 and a quick ratio of 1.45. The firm's fifty day moving average price is $89.34 and its 200 day moving average price is $90.35. GMS has a 52 week low of $56.58 and a 52 week high of $101.04. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 14.01 and a beta of 1.68.

GMS (NYSE:GMS - Get Free Report) last issued its quarterly earnings data on Thursday, August 29th. The company reported $1.93 EPS for the quarter, missing analysts' consensus estimates of $2.14 by ($0.21). The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. GMS had a return on equity of 22.02% and a net margin of 4.45%. The business's quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm earned $2.40 EPS. As a group, research analysts expect that GMS will post 7.95 EPS for the current year.

Institutional Investors Weigh In On GMS

Institutional investors have recently modified their holdings of the business. Quadrature Capital Ltd acquired a new stake in GMS in the fourth quarter valued at approximately $622,000. Los Angeles Capital Management LLC grew its stake in GMS by 1.6% in the 1st quarter. Los Angeles Capital Management LLC now owns 28,171 shares of the company's stock valued at $2,742,000 after acquiring an additional 444 shares during the period. GAMMA Investing LLC increased its holdings in GMS by 107.6% in the 1st quarter. GAMMA Investing LLC now owns 793 shares of the company's stock worth $77,000 after acquiring an additional 411 shares in the last quarter. Artemis Investment Management LLP raised its position in GMS by 19.6% during the first quarter. Artemis Investment Management LLP now owns 61,370 shares of the company's stock worth $5,971,000 after acquiring an additional 10,036 shares during the period. Finally, AlphaMark Advisors LLC purchased a new position in GMS during the first quarter valued at $359,000. 95.28% of the stock is currently owned by institutional investors and hedge funds.

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.