GMS (NYSE:GMS) Price Target Increased to $115.00 by Analysts at Robert W. Baird

GMS (NYSE:GMS) had its target price upped by Robert W. Baird from $96.00 to $115.00 in a research note released on Wednesday, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other analysts have also recently weighed in on the company. Royal Bank of Canada decreased their price objective on GMS from $92.00 to $85.00 and set a “sector perform” rating for the company in a research report on Friday, June 21st. DA Davidson reduced their price target on GMS from $105.00 to $97.00 and set a “buy” rating for the company in a report on Tuesday, June 25th. Loop Capital reduced their price target on GMS from $100.00 to $85.00 and set a “hold” rating for the company in a report on Friday, June 21st. StockNews.com cut GMS from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Finally, Barclays reduced their price target on GMS from $81.00 to $80.00 and set an “equal weight” rating for the company in a report on Monday, September 9th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, GMS has a consensus rating of “Hold” and an average target price of $91.50.

GMS Stock Up 2.1 %

GMS stock opened at $96.23 on Wednesday. GMS has a twelve month low of $56.58 and a twelve month high of $101.04. The stock has a 50 day moving average of $89.55 and a two-hundred day moving average of $90.39. The company has a current ratio of 2.31, a quick ratio of 1.45 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 14.30 and a beta of 1.68.

GMS (NYSE:GMS) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.93 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.21). GMS had a return on equity of 22.02% and a net margin of 4.45%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the business posted $2.40 earnings per share. The firm’s revenue was up 2.8% compared to the same quarter last year. As a group, research analysts expect that GMS will post 7.95 earnings per share for the current year.

Hedge Funds Weigh In On GMS

Several hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in 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 during the last quarter. Pacer Advisors Inc. raised its holdings in GMS by 0.4% during the second quarter. Pacer Advisors Inc. now owns 1,474,821 shares of the company’s stock worth $118,885,000 after purchasing an additional 6,396 shares during the last quarter. Federated Hermes Inc. raised its holdings in GMS by 0.9% during the second 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. raised its holdings in GMS by 4.8% during the second quarter. Westwood Holdings Group Inc. now owns 739,908 shares of the company’s stock worth $59,644,000 after purchasing an additional 34,205 shares during the last quarter. Finally, LSV Asset Management increased its position in GMS by 103.0% during the second quarter. LSV Asset Management now owns 690,820 shares of the company’s stock worth $55,687,000 after buying an additional 350,478 shares in the last quarter. 95.28% of the stock is owned by institutional investors and hedge funds.

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.