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

GMS Inc. (NYSE:GMS) has received an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $95.43.

GMS has been the subject of several recent research reports. DA Davidson lowered their price objective on GMS from $97.00 to $94.00 and set a “neutral” rating for the company in a research note on Friday, December 6th. Truist Financial raised 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. Robert W. Baird cut their price target on shares of GMS from $115.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, December 6th. Loop Capital increased their price objective on GMS from $85.00 to $93.00 and gave the company a “hold” rating in a report on Monday, November 25th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $86.00 target price (up from $78.00) on shares of GMS in a report on Friday, December 6th.

Insider Transactions at GMS

In other GMS 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 directly owns 23,772 shares in the company, valued at approximately $2,427,834.36. This represents a 17.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of GMS. Intech Investment Management LLC increased its stake in GMS by 148.8% in the third quarter. Intech Investment Management LLC now owns 16,511 shares of the company’s stock valued at $1,495,000 after purchasing an additional 9,876 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of GMS by 6.4% in the 3rd quarter. Victory Capital Management Inc. now owns 101,541 shares of the company’s stock valued at $9,197,000 after buying an additional 6,136 shares during the period. Barclays PLC increased its position in GMS by 374.0% in the 3rd quarter. Barclays PLC now owns 70,580 shares of the company’s stock valued at $6,392,000 after buying an additional 55,690 shares in the last quarter. Algert Global LLC raised its stake in GMS by 22.8% during the 2nd quarter. Algert Global LLC now owns 151,535 shares of the company’s stock worth $12,215,000 after buying an additional 28,137 shares during the period. Finally, Vestcor Inc boosted its holdings in GMS by 71.5% in the third quarter. Vestcor Inc now owns 14,330 shares of the company’s stock worth $1,298,000 after acquiring an additional 5,972 shares in the last quarter. Institutional investors and hedge funds own 95.28% of the company’s stock.

GMS Stock Performance

NYSE GMS opened at $83.92 on Friday. The firm’s fifty day moving average price is $94.15 and its two-hundred day moving average price is $90.46. The stock has a market cap of $3.26 billion, a PE ratio of 15.43 and a beta of 1.68. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23. GMS has a fifty-two week low of $77.01 and a fifty-two week high of $105.54.

GMS (NYSE:GMS) last issued its quarterly earnings data on Thursday, December 5th. The company reported $2.02 earnings per share for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.24). The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.30 EPS. On average, equities analysts expect 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.