GMS Inc. (NYSE:GMS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of GMS Inc. (NYSE:GMS) have been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $91.50.

A number of analysts recently weighed in on the stock. Truist Financial dropped their price objective on shares of GMS from $95.00 to $90.00 and set a “hold” rating on the stock in a 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. Robert W. Baird increased their target price 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. Finally, Barclays decreased their target price on shares of GMS from $81.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, September 9th.

Insider Activity

In other news, COO George T. Hendren sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $102.13, for a total transaction of $510,650.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On GMS

Large investors have recently made changes to their positions in the business. UniSuper Management Pty Ltd purchased a new stake in GMS during the first quarter valued at about $814,000. Comerica Bank lifted its stake in GMS by 157.0% during the first quarter. Comerica Bank now owns 48,284 shares of the company’s stock valued at $4,700,000 after buying an additional 29,495 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in GMS by 56.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 51,981 shares of the company’s stock valued at $5,060,000 after buying an additional 18,799 shares in the last quarter. Algert Global LLC lifted its stake in GMS by 22.8% during the second quarter. Algert Global LLC now owns 151,535 shares of the company’s stock valued at $12,215,000 after buying an additional 28,137 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in GMS by 630.8% during the first quarter. Public Employees Retirement System of Ohio now owns 43,846 shares of the company’s stock valued at $4,268,000 after buying an additional 37,846 shares in the last quarter. Institutional investors own 95.28% of the company’s stock.

GMS Price Performance

Shares of GMS stock opened at $99.83 on Friday. The company has a market capitalization of $3.92 billion, a PE ratio of 16.47 and a beta of 1.68. The firm has a fifty day simple moving average of $92.03 and a 200-day simple moving average of $90.42. The company has a current ratio of 2.31, a quick ratio of 1.45 and a debt-to-equity ratio of 0.90. GMS has a twelve month low of $64.28 and a twelve month high of $103.56.

GMS (NYSE:GMS) last issued its earnings results 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). The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. GMS had a return on equity of 22.02% and a net margin of 4.45%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the company posted $2.40 earnings per share. Equities research analysts anticipate that GMS will post 7.95 earnings per share 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.