GMS Inc. (NYSE:GMS) Given Average Rating of "Moderate Buy" by Brokerages

GMS Inc. (NYSE:GMS - Get Free Report) has received an average recommendation of "Moderate Buy" from the eight research firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $91.50.

Several brokerages have commented on GMS. Barclays dropped their target price on shares of GMS from $81.00 to $80.00 and set an "equal weight" rating on the stock in a report on Monday, September 9th. StockNews.com lowered shares of GMS from a "buy" rating to a "hold" rating in a report on Monday, September 2nd. Truist Financial reduced their target price on shares of GMS from $95.00 to $90.00 and set a "hold" rating for the company in a research note on Friday, August 30th. Finally, Robert W. Baird lifted their price target on GMS from $96.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th.

Insider Transactions at GMS

In other news, COO George T. Hendren sold 5,000 shares of the company'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 transaction of $510,650.00. Following the sale, the chief operating officer now owns 23,772 shares in the company, valued at $2,427,834.36. This represents a 17.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On GMS

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in shares of GMS by 86.4% during the 2nd quarter. Blue Trust Inc. now owns 369 shares of the company's stock worth $30,000 after acquiring an additional 171 shares during the period. Quarry LP increased 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 purchasing an additional 109 shares during the last quarter. GAMMA Investing LLC raised its position 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 purchasing an additional 361 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of GMS during the 1st quarter worth about $77,000. Finally, KBC Group NV boosted its holdings in shares of 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 buying an additional 281 shares during the period. 95.28% of the stock is owned by institutional investors.

GMS Trading Up 0.2 %

Shares of NYSE GMS traded up $0.16 during midday trading on Friday, reaching $99.90. 353,011 shares of the stock were exchanged, compared to its average volume of 377,641. GMS has a 12 month low of $64.28 and a 12 month high of $103.56. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 16.49 and a beta of 1.68. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.31 and a quick ratio of 1.45. The business has a 50-day simple moving average of $92.03 and a two-hundred day simple moving average of $90.40.

GMS (NYSE:GMS - Get Free Report) last posted its earnings results on Thursday, August 29th. The company reported $1.93 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.21). The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.48 billion. GMS had a return on equity of 22.02% and a net margin of 4.45%. The business's revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.40 earnings per share. As a group, equities research analysts expect that GMS will post 7.95 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.