GMS’s (GMS) Sector Perform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reiterated their sector perform rating on shares of GMS (NYSE:GMS) in a research note published on Friday morning,Benzinga reports. Royal Bank of Canada currently has a $86.00 price objective on the stock, up from their prior price objective of $78.00.

Other equities research analysts have also recently issued reports about the company. DA Davidson cut GMS from a “buy” rating to a “neutral” rating and set a $97.00 target price on the stock. in a research note on Tuesday, November 26th. Loop Capital boosted their price objective on GMS from $85.00 to $93.00 and gave the company a “hold” rating in a research note on Monday, November 25th. Barclays lowered their price objective on GMS from $81.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Monday, September 9th. Truist Financial lowered their price objective on GMS from $95.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Finally, StockNews.com cut GMS from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, GMS has a consensus rating of “Hold” and a consensus target price of $93.25.

GMS Trading Down 0.7 %

NYSE GMS opened at $97.05 on Friday. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 17.84 and a beta of 1.68. GMS has a one year low of $68.13 and a one 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 business’s fifty day moving average is $95.68 and its 200-day moving average is $90.98.

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

Insider Buying and Selling at GMS

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 completion of the transaction, the chief operating officer now owns 23,772 shares of the company’s stock, valued at $2,427,834.36. The trade was a 17.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC grew its holdings in shares of GMS by 25.3% during the third quarter. FMR LLC now owns 4,232,170 shares of the company’s stock worth $383,308,000 after purchasing an additional 854,987 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of GMS by 28.5% during the second 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 in the last quarter. Pacer Advisors Inc. boosted its stake in GMS by 0.4% in the second quarter. Pacer Advisors Inc. now owns 1,474,821 shares of the company’s stock worth $118,885,000 after buying an additional 6,396 shares in the last quarter. Federated Hermes Inc. boosted its stake in GMS by 0.9% in the second quarter. Federated Hermes Inc. now owns 1,056,053 shares of the company’s stock worth $85,128,000 after buying an additional 9,516 shares in the last quarter. Finally, Westwood Holdings Group Inc. boosted its stake in GMS by 4.8% in the second quarter. Westwood Holdings Group Inc. now owns 739,908 shares of the company’s stock worth $59,644,000 after buying an additional 34,205 shares in the last quarter. Hedge funds and other institutional investors own 95.28% of the company’s stock.

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.