GMS Inc. (NYSE:GMS) Given Average Rating of “Hold” by Analysts

GMS Inc. (NYSE:GMS) has been given an average rating of “Hold” by the seven research firms that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $93.57.

A number of research firms have recently weighed in on GMS. Royal Bank of Canada reiterated a “sector perform” rating and issued a $86.00 price objective (up previously from $78.00) on shares of GMS in a research note on Friday, December 6th. Barclays cut their target price on shares of GMS from $93.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Truist Financial increased their price target on shares of GMS from $90.00 to $97.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Robert W. Baird cut their price objective on shares of GMS from $115.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, December 6th. Finally, Loop Capital upped their price objective on shares of GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a research report on Monday, November 25th.

Insider Buying and Selling at GMS

In related news, COO George T. Hendren sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $102.13, for a total transaction of $510,650.00. Following the sale, the chief operating officer now directly 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On GMS

Institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC bought a new position in GMS in the 2nd quarter worth about $201,000. Creative Planning boosted its holdings in GMS by 12.9% during the second quarter. Creative Planning now owns 5,721 shares of the company’s stock worth $461,000 after buying an additional 653 shares in the last quarter. Quarry LP grew its position in GMS by 37.1% in the second quarter. Quarry LP now owns 403 shares of the company’s stock worth $32,000 after buying an additional 109 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of GMS in the second quarter valued at $1,692,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of GMS during the 2nd quarter valued at $2,459,000. 95.28% of the stock is currently owned by institutional investors.

GMS Stock Down 0.3 %

Shares of NYSE:GMS opened at $85.05 on Thursday. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97. The business’s 50 day moving average is $89.30 and its 200 day moving average is $90.69. The stock has a market cap of $3.30 billion, a P/E ratio of 15.63 and a beta of 1.73. GMS has a 52-week low of $77.29 and a 52-week high of $105.54.

GMS (NYSE:GMS) last announced 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). The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business posted $2.30 EPS. Sell-side analysts predict that GMS will post 7.26 EPS for the current 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.