Zacks Investment Research upgraded shares of GMS (NYSE:GMS) from a sell rating to a hold rating in a research note issued to investors on Monday morning.
According to Zacks, “GMS Inc. is a distributor of wallboard and suspended ceilings systems. The company’s product consists of wallboard, suspended ceilings systems or ceilings and complementary interior construction products in commercial and residential buildings. GMS Inc. is based in Tucker, United States. “
GMS has been the subject of a number of other reports. Nomura set a $29.00 target price on shares of GMS and gave the company a buy rating in a research note on Monday, December 17th. Royal Bank of Canada set a $25.00 price objective on shares of GMS and gave the company a buy rating in a research report on Thursday, December 6th. Northcoast Research raised shares of GMS to a buy rating and set a $34.00 price objective for the company in a research report on Thursday, December 20th. Stephens set a $22.00 price objective on shares of GMS and gave the company a buy rating in a research report on Monday, December 10th. Finally, Robert W. Baird cut their price objective on shares of GMS from $31.00 to $21.00 and set a neutral rating for the company in a research report on Tuesday, December 11th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $28.09.
Shares of GMS opened at $20.71 on Monday. The firm has a market cap of $831.87 million, a price-to-earnings ratio of 10.30, a P/E/G ratio of 0.94 and a beta of 2.40. The company has a quick ratio of 1.78, a current ratio of 2.75 and a debt-to-equity ratio of 1.88. GMS has a 1-year low of $13.61 and a 1-year high of $34.25.
GMS (NYSE:GMS) last announced its earnings results on Tuesday, December 4th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.06). The company had revenue of $833.80 million for the quarter, compared to analysts’ expectations of $830.54 million. GMS had a net margin of 2.23% and a return on equity of 17.36%. GMS’s quarterly revenue was up 28.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. Sell-side analysts expect that GMS will post 3.08 earnings per share for the current year.
In other GMS news, Director Ronald R. Ross acquired 100,000 shares of the business’s stock in a transaction dated Friday, December 14th. The stock was purchased at an average price of $15.66 per share, with a total value of $1,566,000.00. Following the transaction, the director now directly owns 200,790 shares in the company, valued at approximately $3,144,371.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 4.90% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its holdings in GMS by 69.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,735 shares of the company’s stock worth $26,000 after buying an additional 714 shares during the period. IFP Advisors Inc boosted its holdings in GMS by 49.0% in the 4th quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock worth $30,000 after buying an additional 658 shares during the period. NumerixS Investment Technologies Inc bought a new position in GMS in the 4th quarter worth $32,000. Tower Research Capital LLC TRC boosted its holdings in GMS by 1,452.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,652 shares of the company’s stock worth $132,000 after buying an additional 5,288 shares during the period. Finally, Raymond James & Associates bought a new position in GMS in the 2nd quarter worth $216,000. 79.19% of the stock is owned by institutional investors.
GMS Inc distributes wallboards, suspended ceilings systems, and related construction products in the United States and Canada. The company offers wallboard products; and 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.
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