GMS Inc. (NYSE:GMS) Receives Consensus Recommendation of "Hold" from Analysts

GMS Inc. (NYSE:GMS - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven ratings firms that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $95.43.

Several analysts recently commented on GMS shares. DA Davidson lowered their price target on GMS from $97.00 to $94.00 and set a "neutral" rating on the stock in a research report on Friday, December 6th. Truist Financial upped their target price 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 dropped their target price on shares of GMS from $115.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday, December 6th. Loop Capital boosted their price target on shares of GMS from $85.00 to $93.00 and gave the company a "hold" rating in a research report on Monday, November 25th. Finally, Barclays raised their price objective on shares of GMS from $80.00 to $93.00 and gave the stock an "equal weight" rating in a report on Friday, December 6th.

GMS Price Performance

Shares of GMS stock traded down $0.38 during trading on Friday, hitting $83.92. 308,305 shares of the company's stock traded hands, compared to its average volume of 407,902. The company has a market cap of $3.26 billion, a PE ratio of 15.43 and a beta of 1.73. The firm's fifty day moving average price is $94.15 and its 200 day moving average price is $90.47. GMS has a twelve month low of $77.01 and a twelve month high of $105.54. 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 (NYSE:GMS - Get Free Report) last released its quarterly earnings data 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). GMS had a net margin of 3.92% and a return on equity of 20.67%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the firm posted $2.30 earnings per share. The firm's revenue for the quarter was up 3.5% compared to the same quarter last year. Analysts forecast that GMS will post 7.41 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO George T. Hendren sold 5,000 shares of the business's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $102.13, for a total transaction of $510,650.00. Following the completion of the sale, the chief operating officer now owns 23,772 shares in the company, 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 legal filing with the SEC, which is available through this link. Insiders own 1.90% of the company's stock.

Institutional Trading of GMS

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Intech Investment Management LLC boosted its stake in shares of GMS by 148.8% in the 3rd quarter. Intech Investment Management LLC now owns 16,511 shares of the company's stock valued at $1,495,000 after purchasing an additional 9,876 shares during the last quarter. Victory Capital Management Inc. boosted its stake in GMS by 6.4% in the third quarter. Victory Capital Management Inc. now owns 101,541 shares of the company's stock valued at $9,197,000 after acquiring an additional 6,136 shares during the last quarter. Barclays PLC boosted its stake in GMS by 374.0% in the third quarter. Barclays PLC now owns 70,580 shares of the company's stock valued at $6,392,000 after acquiring an additional 55,690 shares during the last quarter. Algert Global LLC grew its holdings in GMS by 22.8% during the 2nd quarter. Algert Global LLC now owns 151,535 shares of the company's stock worth $12,215,000 after acquiring an additional 28,137 shares during the period. Finally, Vestcor Inc raised its position in shares of GMS by 71.5% during the 3rd quarter. Vestcor Inc now owns 14,330 shares of the company's stock valued at $1,298,000 after acquiring an additional 5,972 shares during the last quarter. 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.