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

GMS Inc. (NYSE:GMS - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $91.50.

GMS has been the subject of several recent research reports. Barclays lowered their target price on GMS from $81.00 to $80.00 and set an "equal weight" rating for the company in a report on Monday, September 9th. DA Davidson dropped their target price on GMS from $105.00 to $97.00 and set a "buy" rating on the stock in a research report on Tuesday, June 25th. Stephens lowered their price target on GMS from $112.00 to $95.00 and set an "overweight" rating on the stock in a report on Monday, July 1st. StockNews.com downgraded shares of GMS from a "buy" rating to a "hold" rating in a report on Monday, September 2nd. Finally, Truist Financial reduced their target price on shares of GMS from $95.00 to $90.00 and set a "hold" rating on the stock in a research note on Friday, August 30th.

Hedge Funds Weigh In On GMS

A number of hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings in shares of GMS by 107.6% in the 1st quarter. GAMMA Investing LLC now owns 793 shares of the company's stock worth $77,000 after purchasing an additional 411 shares in the last quarter. Artemis Investment Management LLP lifted its stake in GMS by 19.6% during the 1st quarter. Artemis Investment Management LLP now owns 61,370 shares of the company's stock valued at $5,971,000 after acquiring an additional 10,036 shares in the last quarter. AlphaMark Advisors LLC purchased a new position in shares of GMS in the 1st quarter worth approximately $359,000. Allspring Global Investments Holdings LLC increased its position in shares of GMS by 14.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,777 shares of the company's stock valued at $562,000 after purchasing an additional 708 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC raised its position in GMS by 10.1% in the first quarter. Measured Wealth Private Client Group LLC now owns 4,401 shares of the company's stock worth $428,000 after acquiring an additional 403 shares during the period. 95.28% of the stock is currently owned by institutional investors.

GMS Trading Down 3.3 %

NYSE:GMS traded down $3.06 on Tuesday, reaching $90.08. The stock had a trading volume of 245,037 shares, compared to its average volume of 383,669. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 13.84 and a beta of 1.68. GMS has a 12-month low of $56.58 and a 12-month high of $101.04. 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 firm's fifty day moving average is $89.97 and its two-hundred day moving average is $90.27.

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 analyst estimates of $1.48 billion. GMS had a net margin of 4.45% and a return on equity of 22.02%. The business's revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.40 EPS. Equities analysts expect that GMS will post 7.95 EPS for the current fiscal 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.