GMS (NYSE:GMS) Downgraded by DA Davidson to Neutral

DA Davidson downgraded shares of GMS (NYSE:GMS) from a buy rating to a neutral rating in a research note released on Tuesday, Marketbeat Ratings reports. They currently have $97.00 price target on the stock.

Several other research analysts have also recently weighed in on the company. Barclays decreased their price target on GMS from $81.00 to $80.00 and set an “equal weight” rating for the company in a research note on Monday, September 9th. Loop Capital boosted their target price on GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a research report on Monday, November 25th. StockNews.com downgraded shares of GMS from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Truist Financial decreased their price objective on shares of GMS from $95.00 to $90.00 and set a “hold” rating for the company in a report on Friday, August 30th. Finally, Robert W. Baird raised their target price on shares of GMS from $96.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $92.50.

GMS Stock Up 0.1 %

NYSE:GMS opened at $100.29 on Tuesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.45 and a current ratio of 2.31. The firm has a market cap of $3.94 billion, a P/E ratio of 16.55 and a beta of 1.68. GMS has a fifty-two week low of $66.07 and a fifty-two week high of $105.54. The firm has a 50-day simple moving average of $94.68 and a two-hundred day simple moving average of $90.84.

GMS (NYSE:GMS) last announced its quarterly earnings results on Thursday, August 29th. The company reported $1.93 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.21). The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.48 billion. GMS had a net margin of 4.45% and a return on equity of 22.02%. GMS’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the business earned $2.40 EPS. Analysts predict that GMS will post 7.95 earnings per share for the current fiscal year.

Insider Buying and Selling at GMS

In related news, COO George T. Hendren sold 5,000 shares of GMS stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GMS. Blue Trust Inc. boosted its position in shares of GMS by 86.4% in the second quarter. Blue Trust Inc. now owns 369 shares of the company’s stock worth $30,000 after purchasing an additional 171 shares during the period. Quarry LP lifted its stake in shares of GMS by 37.1% during the 2nd quarter. Quarry LP now owns 403 shares of the company’s stock valued at $32,000 after buying an additional 109 shares in the last quarter. GAMMA Investing LLC boosted its holdings in GMS by 138.8% in the 3rd quarter. GAMMA Investing LLC now owns 621 shares of the company’s stock worth $56,000 after buying an additional 361 shares during the period. KBC Group NV increased its stake in GMS by 31.9% in the 3rd quarter. KBC Group NV now owns 1,162 shares of the company’s stock worth $105,000 after buying an additional 281 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in GMS during the second quarter valued at about $121,000. 95.28% of the stock is currently owned by 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.