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

Shares of GMS Inc. (NYSE:GMS - Get Free Report) have received an average recommendation of "Hold" from the seven ratings firms that are covering the firm, MarketBeat.com 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 twelve-month price objective among brokerages that have covered the stock in the last year is $93.57.

GMS has been the subject of several analyst reports. Loop Capital boosted their target price 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. Royal Bank of Canada restated a "sector perform" rating and set a $86.00 price objective (up from $78.00) on shares of GMS 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 company a "hold" rating in a research note on Monday, December 9th. Robert W. Baird dropped their price target on GMS from $115.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, December 6th. Finally, Barclays decreased their target price on GMS from $93.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 16th.

GMS Stock Performance

Shares of NYSE GMS traded down $0.44 during midday trading on Monday, hitting $79.34. The company's stock had a trading volume of 326,687 shares, compared to its average volume of 356,126. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 14.58 and a beta of 1.72. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. The stock has a fifty day moving average price of $83.54 and a 200 day moving average price of $89.54. GMS has a one year low of $77.14 and a one year high of $105.54.

GMS (NYSE:GMS - Get Free Report) last announced its quarterly earnings results on Thursday, December 5th. The company reported $2.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.26 by ($0.24). The business 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 company's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.30 earnings per share. On average, research analysts forecast that GMS will post 7.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GMS. FMR LLC lifted its position in GMS by 38.7% in the fourth quarter. FMR LLC now owns 5,868,782 shares of the company's stock valued at $497,849,000 after acquiring an additional 1,636,612 shares during the last quarter. Pacer Advisors Inc. bought a new position in GMS during the fourth quarter valued at about $109,277,000. Coliseum Capital Management LLC boosted its holdings in shares of GMS by 135.0% during the fourth quarter. Coliseum Capital Management LLC now owns 1,889,489 shares of the company's stock worth $160,285,000 after purchasing an additional 1,085,551 shares during the period. Granite Investment Partners LLC acquired a new position in shares of GMS during the 4th quarter worth about $11,913,000. Finally, Weiss Asset Management LP bought a new position in shares of GMS during the 3rd quarter worth approximately $12,490,000. 95.28% of the stock is owned by hedge funds and other institutional investors.

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.