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

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

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

GMS Stock Down 0.7 %

NYSE GMS opened at $97.05 on Friday. The stock has a fifty day moving average of $95.68 and a 200-day moving average of $90.98. The stock has a market capitalization of $3.81 billion, a P/E ratio of 17.84 and a beta of 1.68. GMS has a 52 week low of $68.13 and a 52 week high of $105.54. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.45 and a current ratio of 2.31.

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

Insiders Place Their Bets

In other GMS news, COO George T. Hendren sold 5,000 shares of GMS stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $102.13, for a total transaction of $510,650.00. Following the transaction, the chief operating officer now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its holdings in shares of GMS by 6.4% in the third 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 in the last quarter. Intech Investment Management LLC lifted its holdings in shares of GMS by 148.8% in the third quarter. Intech Investment Management LLC now owns 16,511 shares of the company’s stock valued at $1,495,000 after purchasing an additional 9,876 shares in the last quarter. Algert Global LLC lifted its holdings in shares of GMS by 22.8% in the second quarter. Algert Global LLC now owns 151,535 shares of the company’s stock valued at $12,215,000 after purchasing an additional 28,137 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of 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 purchasing an additional 6,396 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of GMS by 61.1% in the third quarter. Rockefeller Capital Management L.P. now owns 37,359 shares of the company’s stock valued at $3,384,000 after purchasing an additional 14,174 shares in the last quarter. 95.28% of the stock is currently owned by institutional investors.

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.