GMS (NYSE:GMS) Upgraded by StockNews.com to Strong-Buy

StockNews.com upgraded shares of GMS (NYSE:GMSFree Report) from a buy rating to a strong-buy rating in a research note released on Friday morning.

Several other equities research analysts have also weighed in on the company. Raymond James upped their price objective on GMS from $82.00 to $85.00 and gave the company an outperform rating in a research note on Monday, December 11th. Stephens upped their price objective on GMS from $87.00 to $98.00 and gave the company an overweight rating in a research note on Friday, January 26th. Finally, Royal Bank of Canada upped their price objective on GMS from $68.00 to $70.00 and gave the company a sector perform rating in a research note on Friday, December 8th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $79.88.

Get Our Latest Analysis on GMS

GMS Trading Down 2.0 %

Shares of GMS opened at $84.92 on Friday. GMS has a 12-month low of $50.93 and a 12-month high of $87.39. The company has a quick ratio of 1.48, a current ratio of 2.32 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 11.49 and a beta of 1.72. The stock’s 50-day moving average price is $79.23 and its 200 day moving average price is $70.60.

GMS (NYSE:GMSGet Free Report) last issued its quarterly earnings results on Thursday, December 7th. The company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.04. GMS had a return on equity of 27.59% and a net margin of 5.74%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the company posted $2.79 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. As a group, research analysts predict that GMS will post 8.27 earnings per share for the current year.

Insiders Place Their Bets

In other GMS news, SVP Craig D. Apolinsky sold 4,455 shares of the company’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $79.54, for a total transaction of $354,350.70. Following the transaction, the senior vice president now owns 10,360 shares of the company’s stock, valued at approximately $824,034.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, SVP Craig D. Apolinsky sold 4,455 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $79.54, for a total value of $354,350.70. Following the transaction, the senior vice president now owns 10,360 shares of the company’s stock, valued at approximately $824,034.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO William Forrest Bell sold 1,976 shares of the stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $83.80, for a total value of $165,588.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,073 shares of company stock valued at $1,400,396. 1.90% of the stock is currently owned by corporate insiders.

Institutional Trading of GMS

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in GMS by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 5,242,989 shares of the company’s stock worth $209,773,000 after purchasing an additional 154,926 shares in the last quarter. State Street Corp grew its holdings in shares of GMS by 0.5% in the 1st quarter. State Street Corp now owns 1,596,626 shares of the company’s stock valued at $92,429,000 after acquiring an additional 7,235 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of GMS by 57.5% in the 4th quarter. Pacer Advisors Inc. now owns 1,250,370 shares of the company’s stock valued at $103,068,000 after acquiring an additional 456,692 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of GMS by 8.1% in the 4th quarter. Federated Hermes Inc. now owns 1,018,642 shares of the company’s stock valued at $83,967,000 after acquiring an additional 76,417 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of GMS by 3.7% in the 2nd quarter. Geode Capital Management LLC now owns 806,014 shares of the company’s stock valued at $55,776,000 after acquiring an additional 28,490 shares in the last quarter. Institutional investors own 97.88% of the company’s stock.

GMS Company Profile

(Get Free Report)

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.

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Analyst Recommendations for GMS (NYSE:GMS)

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