GMS Inc. (NYSE:GMS) Receives $94.13 Consensus Target Price 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 firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $95.43.

A number of research analysts recently issued reports on GMS shares. Loop Capital raised 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. Robert W. Baird lowered their price target on GMS from $115.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday, December 6th. StockNews.com cut GMS from a "buy" rating to a "hold" rating in a research report on Monday, September 2nd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $86.00 target price (up previously from $78.00) on shares of GMS in a report on Friday, December 6th. Finally, DA Davidson cut their price target on GMS from $97.00 to $94.00 and set a "neutral" rating for the company in a report on Friday, December 6th.

Insiders Place Their Bets

In other GMS news, COO George T. Hendren sold 5,000 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $102.13, for a total transaction of $510,650.00. Following the completion of the transaction, the chief operating officer now owns 23,772 shares in the company, valued at $2,427,834.36. This trade represents a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On GMS

A number of hedge funds have recently modified their holdings of GMS. Blue Trust Inc. raised its position in GMS by 86.4% in the 2nd quarter. Blue Trust Inc. now owns 369 shares of the company's stock valued at $30,000 after purchasing an additional 171 shares during the last quarter. Quarry LP raised its holdings in shares of GMS by 37.1% in the second quarter. Quarry LP now owns 403 shares of the company's stock valued at $32,000 after buying an additional 109 shares during the last quarter. GAMMA Investing LLC lifted its position in GMS by 138.8% during the 3rd quarter. GAMMA Investing LLC now owns 621 shares of the company's stock worth $56,000 after buying an additional 361 shares in the last quarter. 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 during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in GMS in the 2nd quarter valued at about $121,000. 95.28% of the stock is owned by institutional investors and hedge funds.

GMS Stock Down 0.6 %

Shares of NYSE:GMS traded down $0.55 on Wednesday, reaching $94.45. The company had a trading volume of 289,261 shares, compared to its average volume of 382,128. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $3.71 billion, a P/E ratio of 17.36 and a beta of 1.68. The stock has a 50-day moving average price of $96.03 and a 200 day moving average price of $91.02. GMS has a twelve month low of $71.67 and a twelve month high of $105.54.

GMS (NYSE:GMS - Get Free Report) last posted its earnings results on Thursday, December 5th. The company reported $2.02 earnings per share for the quarter, missing the consensus estimate of $2.26 by ($0.24). GMS had a return on equity of 20.67% and a net margin of 3.92%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last 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. On average, equities analysts expect that GMS will post 7.83 EPS for the current year.

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.