GMS Inc. (NYSE:GMS) Receives Consensus Rating of “Hold” from Analysts

Shares of GMS Inc. (NYSE:GMS) have received an average recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $95.43.

A number of equities research analysts have recently issued reports on the company. Loop Capital upped their price objective on GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a research note on Monday, November 25th. Truist Financial upped their price target on shares of GMS from $90.00 to $97.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Robert W. Baird decreased their price objective on shares of GMS from $115.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, December 6th. DA Davidson dropped their target price on shares of GMS from $97.00 to $94.00 and set a “neutral” rating on the stock in a report on Friday, December 6th. Finally, Barclays lifted their price target on GMS from $80.00 to $93.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th.

Insider Activity at GMS

In other news, COO George T. Hendren sold 5,000 shares of the stock in a transaction that occurred 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 owns 23,772 shares in the company, valued at approximately $2,427,834.36. This trade represents a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.90% of the stock is owned by company insiders.

Institutional Trading of GMS

Institutional investors have recently added to or reduced their stakes in the company. Quarry LP lifted its holdings in shares of GMS by 37.1% during the second quarter. Quarry LP now owns 403 shares of the company’s stock worth $32,000 after buying an additional 109 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in GMS by 0.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 20,805 shares of the company’s stock worth $1,884,000 after purchasing an additional 113 shares in the last quarter. Inspire Investing LLC boosted its holdings in GMS by 4.0% in the 3rd quarter. Inspire Investing LLC now owns 4,582 shares of the company’s stock valued at $415,000 after purchasing an additional 176 shares during the period. Arizona State Retirement System grew its position in shares of GMS by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 10,595 shares of the company’s stock worth $854,000 after purchasing an additional 199 shares in the last quarter. Finally, Foundry Partners LLC increased its holdings in shares of GMS by 6.2% during the third quarter. Foundry Partners LLC now owns 3,964 shares of the company’s stock worth $359,000 after purchasing an additional 232 shares during the period. 95.28% of the stock is currently owned by institutional investors.

GMS Stock Down 1.1 %

Shares of GMS stock opened at $80.21 on Friday. The firm’s fifty day moving average price is $93.21 and its two-hundred day moving average price is $90.33. 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 has a 1 year low of $77.29 and a 1 year high of $105.54. The firm has a market capitalization of $3.11 billion, a P/E ratio of 14.74 and a beta of 1.73.

GMS (NYSE:GMS) last released its earnings results on Thursday, December 5th. The company reported $2.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.26 by ($0.24). GMS had a return on equity of 20.67% and a net margin of 3.92%. The company 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 company posted $2.30 EPS. The business’s revenue was up 3.5% on a year-over-year basis. On average, equities analysts predict that GMS will post 7.41 EPS for the current fiscal year.

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.