GMS (NYSE:GMS) Stock Price Expected to Rise, Stephens Analyst Says

GMS (NYSE:GMS) had its price objective hoisted by equities researchers at Stephens from $90.00 to $95.00 in a note issued to investors on Friday, Marketbeat Ratings reports. The firm presently has an “overweight” rating on the stock. Stephens’ price objective suggests a potential downside of 5.59% from the company’s current price.

Several other analysts have also recently issued reports on the company. Loop Capital cut their price objective on GMS from $93.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, March 10th. UBS Group set a $80.00 price target on GMS in a report on Friday, March 7th. Barclays restated an “equal weight” rating on shares of GMS in a research note on Tuesday. DA Davidson decreased their price objective on shares of GMS from $94.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Finally, Robert W. Baird set a $93.00 target price on shares of GMS in a report on Tuesday. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.36.

GMS Trading Up 24.2%

NYSE:GMS opened at $100.62 on Friday. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 34.82 and a beta of 1.62. GMS has a one year low of $65.77 and a one year high of $105.54. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.38 and a current ratio of 1.91. The business’s 50-day simple moving average is $75.45 and its 200 day simple moving average is $79.01.

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

Insider Transactions at GMS

In other GMS news, CEO John C. Turner, Jr. acquired 3,650 shares of GMS stock in a transaction dated Monday, April 7th. The stock was acquired at an average cost 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 in the company, valued at approximately $4,684,960. This represents a 5.77% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Theron I. Gilliam sold 12,474 shares of the firm’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 in the company, valued at approximately $2,314,504.22. This represents a 28.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On GMS

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC grew its position in GMS by 38.7% in the 4th quarter. FMR LLC now owns 5,868,782 shares of the company’s stock valued at $497,849,000 after buying an additional 1,636,612 shares in the last quarter. Coliseum Capital Management LLC boosted its holdings in shares of GMS by 81.9% in the first quarter. Coliseum Capital Management LLC now owns 3,437,488 shares of the company’s stock valued at $251,521,000 after acquiring an additional 1,547,999 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of GMS by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,154,021 shares of the company’s stock valued at $157,609,000 after acquiring an additional 31,230 shares during the period. American Century Companies Inc. raised its holdings in GMS by 12.9% during the first quarter. American Century Companies Inc. now owns 1,660,194 shares of the company’s stock worth $121,476,000 after purchasing an additional 189,760 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its holdings in GMS by 29.4% during the first quarter. Westwood Holdings Group Inc. now owns 933,262 shares of the company’s stock worth $68,287,000 after purchasing an additional 212,128 shares in the last quarter. 95.28% of the stock is currently owned by 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.