GMS Inc. (NYSE:GMS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of GMS Inc. (NYSE:GMS) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $91.50.

GMS has been the topic of several recent research reports. Robert W. Baird raised their price objective on shares of GMS from $96.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Truist Financial cut their price objective on shares of GMS from $95.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. StockNews.com lowered shares of GMS from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Finally, Barclays cut their price objective on shares of GMS from $81.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Monday, September 9th.

Insider Buying and Selling at GMS

In other news, COO George T. Hendren sold 5,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were 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 approximately $2,427,834.36. This trade represents a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On GMS

Several hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC grew its stake in shares of GMS by 25.3% in the third quarter. FMR LLC now owns 4,232,170 shares of the company’s stock worth $383,308,000 after acquiring an additional 854,987 shares during the last quarter. American Century Companies Inc. grew its stake in shares of GMS by 28.5% in the second quarter. American Century Companies Inc. now owns 1,830,833 shares of the company’s stock worth $147,583,000 after acquiring an additional 406,406 shares during the last quarter. Pacer Advisors Inc. boosted its stake 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 buying an additional 6,396 shares in the last quarter. Federated Hermes Inc. boosted its stake 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 buying an additional 9,516 shares in the last quarter. Finally, Westwood Holdings Group Inc. boosted its stake 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 buying an additional 34,205 shares in the last quarter. Institutional investors and hedge funds own 95.28% of the company’s stock.

GMS Price Performance

NYSE GMS opened at $99.83 on Friday. The company has a 50 day simple moving average of $92.03 and a 200-day simple moving average of $90.42. 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 firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 16.47 and a beta of 1.68. GMS has a 52-week low of $64.28 and a 52-week high of $103.56.

GMS (NYSE:GMS) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.21). The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.48 billion. GMS had a return on equity of 22.02% and a net margin of 4.45%. GMS’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $2.40 earnings per share. Equities research analysts predict that GMS will post 7.95 earnings per share for the current fiscal year.

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.