GMS Inc. (NYSE:GMS) Receives $95.43 Average PT from Analysts

Shares of GMS Inc. (NYSE:GMS) have received a consensus recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $95.43.

GMS has been the topic of a number of recent research reports. DA Davidson decreased their target price on GMS from $97.00 to $94.00 and set a “neutral” rating on the stock in a research report on Friday, December 6th. Royal Bank of Canada restated a “sector perform” rating and set a $86.00 price target (up previously from $78.00) on shares of GMS in a research note on Friday, December 6th. Loop Capital upped their price objective on GMS from $85.00 to $93.00 and gave the company a “hold” rating in a research note on Monday, November 25th. Truist Financial raised their target price on GMS from $90.00 to $97.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Finally, 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.

GMS Stock Down 2.2 %

GMS opened at $81.09 on Friday. The business has a 50 day moving average of $93.80 and a 200-day moving average of $90.46. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 14.91 and a beta of 1.73. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. GMS has a 1-year low of $77.29 and a 1-year high of $105.54.

GMS (NYSE:GMS) last issued its quarterly earnings results on Thursday, December 5th. The company reported $2.02 earnings per share for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.24). GMS had a net margin of 3.92% and a return on equity of 20.67%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the company earned $2.30 earnings per share. GMS’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, sell-side analysts anticipate that GMS will post 7.41 earnings per share for the current year.

Insider Buying and Selling at GMS

In related news, COO George T. Hendren sold 5,000 shares of the company’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 transaction, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On GMS

Institutional investors have recently modified their holdings of the stock. Quarry LP grew its stake in shares of GMS by 37.1% during 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 boosted its position in GMS by 138.8% in the 3rd quarter. GAMMA Investing LLC now owns 621 shares of the company’s stock valued at $56,000 after buying an additional 361 shares during the last quarter. KBC Group NV increased its stake in shares of GMS by 31.9% in the 3rd quarter. KBC Group NV now owns 1,162 shares of the company’s stock valued at $105,000 after buying an additional 281 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of GMS during the second quarter worth $121,000. Finally, Quest Partners LLC acquired a new position in shares of GMS during the second quarter valued at $144,000. 95.28% of the stock is owned by institutional investors.

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.