GMS (NYSE:GMS) Receives Neutral Rating from Robert W. Baird

Robert W. Baird reaffirmed their neutral rating on shares of GMS (NYSE:GMS) in a research report released on Monday morning,Benzinga reports. They currently have a $95.00 price target on the stock, up from their previous price target of $93.00.

A number of other equities analysts have also commented on GMS. Loop Capital lowered their price target on shares of GMS from $93.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, March 10th. Royal Bank Of Canada raised their target price on shares of GMS from $65.00 to $95.20 and gave the stock a “sector perform” rating in a report on Tuesday, June 17th. Stephens lifted their price target on shares of GMS from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday. DA Davidson raised GMS from a “hold” rating to a “strong-buy” rating in a research report on Friday. Finally, UBS Group set a $80.00 price objective on GMS in a research note on Friday, March 7th. Six analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $90.58.

GMS Price Performance

Shares of NYSE GMS opened at $100.37 on Monday. The firm has a market cap of $3.82 billion, a P/E ratio of 34.73 and a beta of 1.62. The business’s 50 day moving average is $76.00 and its 200-day moving average is $78.91. The company has a current ratio of 1.91, a quick ratio of 1.17 and a debt-to-equity ratio of 0.85. GMS has a 1-year low of $65.77 and a 1-year high of $105.54.

GMS (NYSE:GMS) last issued its quarterly earnings data on Wednesday, June 18th. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.18. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.30 billion. GMS had a return on equity of 16.97% 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 period in the prior year, the firm posted $1.93 EPS. Equities research analysts predict that GMS will post 7.26 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Theron I. Gilliam sold 12,474 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $73.46, for a total transaction of $916,340.04. Following the completion of the sale, the director now directly owns 31,507 shares in the company, valued at $2,314,504.22. This represents a 28.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John C. Turner, Jr. acquired 3,650 shares of GMS stock in a transaction that occurred on 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 purchase, the chief executive officer now directly owns 66,928 shares of the company’s stock, valued at $4,684,960. This represents a 5.77% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. AlphaQuest LLC grew its holdings in shares of GMS by 1,710.5% during the 4th 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. Eukles Asset Management bought a new position in GMS in the 1st quarter valued at approximately $33,000. Canada Pension Plan Investment Board acquired a new stake in GMS in the fourth quarter valued at approximately $34,000. Brooklyn Investment Group bought a new stake in shares of GMS during the first quarter worth $47,000. Finally, Versant Capital Management Inc increased its holdings in shares of GMS by 170.5% during the first quarter. Versant Capital Management Inc now owns 706 shares of the company’s stock worth $52,000 after buying an additional 445 shares in 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.