GMS (NYSE:GMS) Price Target Lowered to $110.00 at Robert W. Baird

GMS (NYSE:GMS) had its price target decreased by Robert W. Baird from $115.00 to $110.00 in a research report sent to investors on Friday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other analysts also recently weighed in on the stock. Barclays cut their price target on shares of GMS from $81.00 to $80.00 and set an “equal weight” rating for the company in a report on Monday, September 9th. StockNews.com cut GMS from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Truist Financial decreased their price target on GMS from $95.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. DA Davidson downgraded GMS from a “buy” rating to a “neutral” rating and set a $97.00 price objective for the company. in a research report on Tuesday, November 26th. Finally, Loop Capital lifted their target price on GMS from $85.00 to $93.00 and gave the company a “hold” rating in a research report on Monday, November 25th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, GMS has an average rating of “Hold” and an average target price of $93.25.

GMS Trading Down 0.7 %

Shares of NYSE:GMS opened at $97.06 on Friday. The business’s 50 day simple moving average is $95.68 and its 200 day simple moving average is $91.02. GMS has a 1 year low of $68.13 and a 1 year high of $105.54. 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 company has a market capitalization of $3.81 billion, a P/E ratio of 16.02 and a beta of 1.68.

GMS (NYSE:GMS) last released its earnings results on Thursday, December 5th. The company reported $2.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.26 by ($0.24). The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. GMS had a return on equity of 22.02% and a net margin of 4.45%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the company posted $2.30 earnings per share. On average, research analysts anticipate that GMS will post 7.95 EPS for the current fiscal year.

Insider Buying and Selling at GMS

In other news, COO George T. Hendren sold 5,000 shares of GMS stock in a transaction on Monday, November 11th. The shares were sold at an average price of $102.13, for a total transaction of $510,650.00. Following the transaction, the chief operating officer now owns 23,772 shares in the company, valued at approximately $2,427,834.36. The trade was a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of GMS

A number of institutional investors and hedge funds have recently bought and sold shares of GMS. Victory Capital Management Inc. increased its position in GMS by 6.4% during the 3rd quarter. Victory Capital Management Inc. now owns 101,541 shares of the company’s stock valued at $9,197,000 after purchasing an additional 6,136 shares during the period. Intech Investment Management LLC increased its position in shares of GMS by 148.8% during the third quarter. Intech Investment Management LLC now owns 16,511 shares of the company’s stock worth $1,495,000 after buying an additional 9,876 shares during the period. Algert Global LLC raised its stake in GMS by 22.8% during the second quarter. Algert Global LLC now owns 151,535 shares of the company’s stock worth $12,215,000 after buying an additional 28,137 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in GMS by 0.4% in the second quarter. Pacer Advisors Inc. now owns 1,474,821 shares of the company’s stock valued at $118,885,000 after buying an additional 6,396 shares during the period. Finally, LSV Asset Management boosted its position in GMS by 103.0% during the second quarter. LSV Asset Management now owns 690,820 shares of the company’s stock valued at $55,687,000 after acquiring an additional 350,478 shares during the last quarter. 95.28% of the stock is currently owned by institutional investors and hedge funds.

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.