GMS Inc. (NYSE:GMS) Receives Average Rating of "Hold" from Analysts

GMS Inc. (NYSE:GMS - Get Free Report) has been given a consensus rating of "Hold" by the seven analysts that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $93.57.

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

GMS Stock Up 1.4 %

Shares of GMS stock traded up $1.15 during midday trading on Thursday, hitting $86.15. The company's stock had a trading volume of 274,703 shares, compared to its average volume of 367,369. The stock has a 50-day simple moving average of $89.30 and a 200-day simple moving average of $90.69. The firm has a market capitalization of $3.34 billion, a P/E ratio of 15.84 and a beta of 1.73. 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 has a 1-year low of $77.29 and a 1-year high of $105.54.

GMS (NYSE:GMS - Get Free Report) last posted its quarterly earnings results on Thursday, December 5th. The company reported $2.02 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 analyst estimates of $1.46 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. The business's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.30 earnings per share. As a group, sell-side analysts expect that GMS will post 7.26 earnings per share for the current year.

Insider Activity at GMS

In other GMS news, COO George T. Hendren sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $102.13, for a total value of $510,650.00. Following the sale, the chief operating officer now owns 23,772 shares of the company's stock, valued at $2,427,834.36. This trade represents a 17.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On GMS

Several hedge funds and other institutional investors have recently modified their holdings of GMS. Quarry LP raised its stake in GMS by 37.1% during the 2nd quarter. Quarry LP now owns 403 shares of the company's stock valued at $32,000 after purchasing an additional 109 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of GMS by 138.8% in the third quarter. GAMMA Investing LLC now owns 621 shares of the company's stock valued at $56,000 after buying an additional 361 shares during the period. Blue Trust Inc. grew its position in GMS by 71.3% during the fourth quarter. Blue Trust Inc. now owns 685 shares of the company's stock worth $62,000 after buying an additional 285 shares in the last quarter. KBC Group NV increased its stake in GMS by 31.9% during the third 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. Finally, ZWJ Investment Counsel Inc. acquired a new position in GMS in the 3rd quarter valued at approximately $219,000. Institutional investors and hedge funds own 95.28% of the company's stock.

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.