GMS Inc. (NYSE:GMS) Receives $94.13 Average Target Price from Analysts

Shares of GMS Inc. (NYSE:GMS) have received a consensus rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $95.43.

Several equities analysts have recently weighed in on the stock. DA Davidson decreased their price target on shares of GMS from $97.00 to $94.00 and set a “neutral” rating for the company in a research note on Friday, December 6th. StockNews.com downgraded shares of GMS from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Truist Financial lifted their price target on shares of GMS from $90.00 to $97.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Barclays increased their price objective on shares of GMS from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Finally, Robert W. Baird lowered their target price on GMS from $115.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, December 6th.

GMS Price Performance

GMS stock opened at $89.01 on Wednesday. The stock has a 50-day moving average price of $96.08 and a two-hundred day moving average price of $90.95. GMS has a 1 year low of $77.01 and a 1 year high of $105.54. The stock has a market cap of $3.45 billion, a PE ratio of 16.45 and a beta of 1.68. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97.

GMS (NYSE:GMS) last posted its quarterly earnings data on Thursday, December 5th. The company reported $2.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.24). GMS had a return on equity of 20.67% and a net margin of 3.92%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the business posted $2.30 earnings per share. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. Equities analysts forecast that GMS will post 7.41 EPS for the current fiscal year.

Insider Buying and Selling at GMS

In other GMS news, COO George T. Hendren sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $102.13, for a total value of $510,650.00. Following the sale, the chief operating officer now owns 23,772 shares in the company, valued at $2,427,834.36. This represents a 17.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 made changes to their positions in the business. Lord Abbett & CO. LLC lifted its holdings in GMS by 6.9% during the 3rd quarter. Lord Abbett & CO. LLC now owns 90,374 shares of the company’s stock valued at $8,185,000 after purchasing an additional 5,833 shares during the last quarter. Vestcor Inc increased its holdings in shares of GMS by 71.5% in the third quarter. Vestcor Inc now owns 14,330 shares of the company’s stock valued at $1,298,000 after purchasing an additional 5,972 shares during the last quarter. Barclays PLC raised its position in shares of GMS by 374.0% in the third quarter. Barclays PLC now owns 70,580 shares of the company’s stock valued at $6,392,000 after purchasing an additional 55,690 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of GMS by 16.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 42,901 shares of the company’s stock worth $3,886,000 after buying an additional 5,936 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of GMS during the 3rd quarter worth about $1,437,000. 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.