GMS Inc. (NYSE:GMS) Receives Consensus Rating of “Hold” from Brokerages

Shares of GMS Inc. (NYSE:GMS) have earned an average recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $80.50.

Several analysts have recently issued reports on the stock. Royal Bank of Canada decreased their target price on shares of GMS from $82.00 to $65.00 and set a “sector perform” rating on the stock in a research report on Friday, March 7th. Truist Financial dropped their target price on GMS from $97.00 to $80.00 and set a “hold” rating for the company in a report on Friday, March 7th. Loop Capital decreased their price target on GMS from $93.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, March 10th. Barclays cut their price objective on shares of GMS from $80.00 to $71.00 and set an “equal weight” rating on the stock in a research report on Monday, March 10th. Finally, Robert W. Baird dropped their price target on shares of GMS from $110.00 to $93.00 and set an “outperform” rating for the company in a research note on Friday, March 7th.

GMS Stock Performance

NYSE GMS opened at $72.66 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44. GMS has a 1-year low of $65.88 and a 1-year high of $105.54. The business has a 50 day simple moving average of $80.27 and a two-hundred day simple moving average of $87.68. The stock has a market capitalization of $2.79 billion, a PE ratio of 13.36 and a beta of 1.73.

GMS (NYSE:GMS) last posted its earnings results on Thursday, March 6th. The company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.47). The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.29 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. On average, research analysts predict that GMS will post 7.26 EPS for the current fiscal year.

Institutional Trading of GMS

Several institutional investors and hedge funds have recently modified their holdings of the stock. AlphaQuest LLC increased its holdings in 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 during the period. Canada Pension Plan Investment Board purchased a new position in shares of GMS during the fourth quarter valued at $34,000. Blue Trust Inc. raised its holdings in shares of GMS by 71.3% in the fourth quarter. Blue Trust Inc. now owns 685 shares of the company’s stock valued at $62,000 after acquiring an additional 285 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in GMS by 246.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company’s stock worth $84,000 after acquiring an additional 705 shares during the period. Finally, KBC Group NV grew its holdings in GMS by 31.9% during the 3rd quarter. KBC Group NV now owns 1,162 shares of the company’s stock worth $105,000 after acquiring an additional 281 shares in the last quarter. Institutional investors 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.