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

Shares of GMS Inc. (NYSE:GMS) have earned an average rating of “Hold” from the seven research firms that are presently covering the company, MarketBeat.com 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 price objective among analysts that have issued ratings on the stock in the last year is $95.43.

Several research analysts have recently weighed in on the stock. Truist Financial boosted their price objective on shares of GMS from $90.00 to $97.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Barclays upped their price objective on GMS from $80.00 to $93.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Loop Capital lifted their target price on GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a research note on Monday, November 25th. DA Davidson decreased their target price on GMS from $97.00 to $94.00 and set a “neutral” rating on the stock in a report on Friday, December 6th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $86.00 price target (up previously from $78.00) on shares of GMS in a report on Friday, December 6th.

GMS Stock Down 0.5 %

GMS stock opened at $83.92 on Friday. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 15.43 and a beta of 1.68. GMS has a twelve month low of $77.01 and a twelve month high of $105.54. The business has a 50 day moving average price of $94.15 and a two-hundred day moving average price of $90.46. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97.

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

Insider Transactions at GMS

In related news, COO George T. Hendren sold 5,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $102.13, for a total value of $510,650.00. Following the completion of the transaction, the chief operating officer now owns 23,772 shares of the company’s stock, valued at $2,427,834.36. The trade was a 17.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On GMS

Several hedge funds have recently bought and sold shares of the company. TD Asset Management Inc boosted its position in shares of GMS by 24.8% during the 2nd quarter. TD Asset Management Inc now owns 79,946 shares of the company’s stock worth $6,444,000 after acquiring an additional 15,900 shares in the last quarter. Arizona State Retirement System raised its holdings 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 buying an additional 199 shares in the last quarter. Foundry Partners LLC acquired a new position in shares of GMS during the 2nd quarter worth $301,000. LSV Asset Management lifted its position in shares of GMS by 103.0% during the 2nd quarter. LSV Asset Management now owns 690,820 shares of the company’s stock worth $55,687,000 after buying an additional 350,478 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in GMS in the second quarter valued at about $144,000. 95.28% of the stock is owned by institutional investors.

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.