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

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

A number of brokerages have recently weighed in on GMS. Truist Financial upped their price target 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. Robert W. Baird dropped their target price 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 boosted their target price on shares of GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a report on Monday, November 25th. DA Davidson dropped their target price on shares of 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 reiterated a “sector perform” rating and issued a $86.00 target price (up from $78.00) on shares of GMS in a report on Friday, December 6th.

GMS Trading Down 4.1 %

GMS stock opened at $78.15 on Monday. The firm has a 50-day moving average price of $84.08 and a two-hundred day moving average price of $89.73. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 14.37 and a beta of 1.72. GMS has a 52-week low of $77.29 and a 52-week high of $105.54. 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 issued its quarterly earnings results 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 company had revenue of $1.47 billion during the quarter, compared to analyst estimates 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 period in the prior year, the company posted $2.30 earnings per share. Sell-side analysts expect that GMS will post 7.26 earnings per share for the current year.

Institutional Investors Weigh In On GMS

A number of hedge funds have recently made changes to their positions in GMS. AlphaQuest LLC increased its position in shares of GMS by 1,710.5% during the 4th quarter. AlphaQuest LLC now owns 344 shares of the company’s stock worth $29,000 after purchasing an additional 325 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of GMS in the 4th quarter valued at about $34,000. Blue Trust Inc. boosted its stake in shares of GMS by 71.3% in the 4th quarter. Blue Trust Inc. now owns 685 shares of the company’s stock valued at $62,000 after purchasing an additional 285 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of GMS by 246.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 991 shares of the company’s stock valued at $84,000 after purchasing an additional 705 shares during the last quarter. Finally, KBC Group NV raised its position in shares of GMS by 31.9% in the 3rd quarter. KBC Group NV now owns 1,162 shares of the company’s stock valued at $105,000 after acquiring an additional 281 shares during the period. Institutional investors and hedge funds own 95.28% of the company’s stock.

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.