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

Shares of GMS Inc. (NYSE:GMS - Get Free Report) have received an average recommendation of "Hold" from the seven brokerages that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $80.50.

Several research firms recently issued reports on GMS. Loop Capital lowered their price objective on GMS from $93.00 to $80.00 and set a "hold" rating on the stock in a report on Monday, March 10th. UBS Group set a $80.00 price target on GMS in a research note on Friday, March 7th. Royal Bank of Canada dropped their price target on GMS from $82.00 to $65.00 and set a "sector perform" rating for the company in a research report on Friday, March 7th. DA Davidson decreased their price objective on GMS from $94.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Finally, Truist Financial dropped their target price on shares of GMS from $97.00 to $80.00 and set a "hold" rating for the company in a report on Friday, March 7th.

Insider Transactions at GMS

In other GMS news, Director Theron I. Gilliam sold 12,474 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $73.46, for a total value of $916,340.04. Following the transaction, the director now owns 31,507 shares of the company's stock, valued at $2,314,504.22. This represents a 28.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO John C. Turner, Jr. purchased 3,650 shares of the company's stock in a transaction on Monday, April 7th. The shares were bought at an average price of $70.00 per share, with a total value of $255,500.00. Following the completion of the transaction, the chief executive officer now owns 66,928 shares of the company's stock, valued at approximately $4,684,960. The trade was a 5.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GMS. FMR LLC raised its position in GMS by 38.7% in the 4th quarter. FMR LLC now owns 5,868,782 shares of the company's stock valued at $497,849,000 after purchasing an additional 1,636,612 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in shares of GMS in the fourth quarter valued at about $109,277,000. Coliseum Capital Management LLC boosted its stake 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 buying an additional 1,085,551 shares during the period. Granite Investment Partners LLC acquired a new position in GMS in the 4th quarter valued at about $11,913,000. Finally, Reinhart Partners LLC. raised its stake in GMS by 17.5% during the 1st quarter. Reinhart Partners LLC. now owns 636,235 shares of the company's stock valued at $46,553,000 after acquiring an additional 94,716 shares during the last quarter. Hedge funds and other institutional investors own 95.28% of the company's stock.

GMS Price Performance

Shares of GMS stock traded up $0.61 on Tuesday, reaching $70.72. The company's stock had a trading volume of 290,170 shares, compared to its average volume of 417,028. GMS has a 52-week low of $65.77 and a 52-week high of $105.54. The company has a market capitalization of $2.71 billion, a P/E ratio of 13.00 and a beta of 1.62. 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 50-day moving average price of $75.01 and a 200-day moving average price of $85.29.

GMS (NYSE:GMS - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.92 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.47). The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.29 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. Analysts expect that GMS will post 7.26 EPS for the current year.

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.