Barclays Trims GMS (NYSE:GMS) Target Price to $81.00

GMS (NYSE:GMSFree Report) had its price target decreased by Barclays from $93.00 to $81.00 in a report released on Friday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other equities analysts also recently weighed in on the company. StockNews.com upgraded GMS from a buy rating to a strong-buy rating in a research report on Tuesday, June 18th. Loop Capital reduced their price objective on GMS from $100.00 to $85.00 and set a hold rating on the stock in a research report on Friday. Royal Bank of Canada lifted their price objective on GMS from $84.00 to $92.00 and gave the stock a sector perform rating in a research report on Friday, March 1st. Robert W. Baird reduced their price objective on GMS from $112.00 to $100.00 and set an outperform rating on the stock in a research report on Friday. Finally, Truist Financial lifted their price objective on GMS from $72.00 to $88.00 and gave the stock a hold rating in a research report on Friday, March 1st. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $88.88.

View Our Latest Report on GMS

GMS Stock Down 3.1 %

Shares of GMS opened at $81.82 on Friday. The company has a current ratio of 2.17, a quick ratio of 1.47 and a debt-to-equity ratio of 0.84. GMS has a 12 month low of $56.58 and a 12 month high of $101.04. The stock’s 50 day moving average is $92.35 and its two-hundred day moving average is $88.91. The firm has a market cap of $3.26 billion, a P/E ratio of 12.16 and a beta of 1.72.

GMS (NYSE:GMSGet Free Report) last released its earnings results on Thursday, June 20th. The company reported $1.93 earnings per share for the quarter, missing the consensus estimate of $2.04 by ($0.11). The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.41 billion. GMS had a net margin of 5.02% and a return on equity of 24.05%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.11 EPS. Analysts predict that GMS will post 8.79 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Craig D. Apolinsky sold 20,000 shares of GMS stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $96.57, for a total value of $1,931,400.00. Following the completion of the sale, the senior vice president now directly owns 10,360 shares of the company’s stock, valued at $1,000,465.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On GMS

A number of institutional investors have recently modified their holdings of the company. Blue Trust Inc. grew its stake in GMS by 131.1% during the 4th quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $31,000 after purchasing an additional 211 shares in the last quarter. GAMMA Investing LLC acquired a new position in GMS during the 4th quarter worth $32,000. Hexagon Capital Partners LLC grew its stake in GMS by 233.3% during the 4th quarter. Hexagon Capital Partners LLC now owns 430 shares of the company’s stock worth $35,000 after purchasing an additional 301 shares in the last quarter. EntryPoint Capital LLC acquired a new position in GMS during the 1st quarter worth $77,000. Finally, LRI Investments LLC acquired a new position in shares of GMS during the 1st quarter worth about $127,000. 95.28% of the stock is owned by institutional investors and hedge funds.

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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