GMS (NYSE:GMS) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of GMS (NYSE:GMS) from a buy rating to a hold rating in a research report report published on Friday.

Several other equities analysts have also commented on GMS. Barclays decreased their price objective on shares of GMS from $93.00 to $81.00 and set an equal weight rating on the stock in a report on Friday, June 21st. Robert W. Baird decreased their price objective on shares of GMS from $112.00 to $100.00 and set an outperform rating on the stock in a report on Friday, June 21st. DA Davidson decreased their price objective on shares of GMS from $105.00 to $97.00 and set a buy rating on the stock in a report on Tuesday, June 25th. Truist Financial reduced their target price on shares of GMS from $105.00 to $95.00 and set a hold rating on the stock in a report on Friday, June 21st. Finally, Stephens reduced their target price on shares of GMS from $112.00 to $95.00 and set an overweight rating on the stock in a report on Monday, July 1st. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $90.38.

GMS Stock Performance

NYSE:GMS opened at $87.10 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.17 and a quick ratio of 1.40. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 12.94 and a beta of 1.62. The company’s 50-day moving average is $87.29 and its two-hundred day moving average is $90.57. GMS has a 1-year low of $56.58 and a 1-year high of $101.04.

GMS (NYSE:GMS) last issued its quarterly earnings data on Thursday, June 20th. The company reported $1.93 EPS for the quarter, missing the consensus estimate of $2.04 by ($0.11). GMS had a return on equity of 24.05% and a net margin of 5.02%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the company posted $2.11 earnings per share. The business’s revenue was up 8.4% compared to the same quarter last year. Analysts forecast that GMS will post 8.64 EPS for the current year.

Insider Buying and Selling at GMS

In other GMS news, SVP Craig D. Apolinsky sold 7,900 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $90.32, for a total value of $713,528.00. Following the sale, the senior vice president now directly owns 10,671 shares of the company’s stock, valued at approximately $963,804.72. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GMS. Dimensional Fund Advisors LP grew its position in GMS by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,482,066 shares of the company’s stock worth $204,600,000 after purchasing an additional 14,005 shares during the last quarter. American Century Companies Inc. grew its position in GMS by 28.5% during the 2nd quarter. American Century Companies Inc. now owns 1,830,833 shares of the company’s stock worth $147,583,000 after purchasing an additional 406,406 shares during the last quarter. Federated Hermes Inc. grew its position in GMS by 0.9% during the 2nd quarter. Federated Hermes Inc. now owns 1,056,053 shares of the company’s stock worth $85,128,000 after purchasing an additional 9,516 shares during the last quarter. Westwood Holdings Group Inc. purchased a new position in GMS during the 1st quarter worth $68,693,000. Finally, LSV Asset Management grew its position in GMS by 103.0% during the 2nd quarter. LSV Asset Management now owns 690,820 shares of the company’s stock worth $55,687,000 after purchasing an additional 350,478 shares during the last quarter. 95.28% of the stock is owned by hedge funds and other 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.