GMS Inc. (NYSE:GMS) Receives $94.13 Average PT from Brokerages

GMS Inc. (NYSE:GMS) has received a consensus rating of “Hold” from the seven brokerages that are covering the stock, MarketBeat.com 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.

A number of research analysts have weighed in on GMS shares. Royal Bank of Canada restated a “sector perform” rating and issued a $86.00 price objective (up previously from $78.00) on shares of GMS in a report on Friday, December 6th. StockNews.com lowered shares of GMS from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Loop Capital upped their price target on GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a research note on Monday, November 25th. Truist Financial raised their price target on shares of GMS from $90.00 to $97.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Finally, DA Davidson reduced their price objective on GMS from $97.00 to $94.00 and set a “neutral” rating on the stock in a research note on Friday, December 6th.

Insider Activity

In other GMS news, COO George T. Hendren sold 5,000 shares of the firm’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 value of $510,650.00. Following the completion of the transaction, the chief operating officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GMS. QRG Capital Management Inc. increased its position in GMS by 2.0% during the second quarter. QRG Capital Management Inc. now owns 8,231 shares of the company’s stock worth $664,000 after buying an additional 161 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of GMS by 27.8% during the 2nd quarter. SG Americas Securities LLC now owns 5,154 shares of the company’s stock valued at $415,000 after purchasing an additional 1,120 shares during the last quarter. Reinhart Partners LLC. boosted its position in GMS by 1.7% in the second quarter. Reinhart Partners LLC. now owns 495,764 shares of the company’s stock valued at $39,964,000 after buying an additional 8,215 shares in the last quarter. Blue Trust Inc. grew its stake in shares of GMS by 86.4% during the second quarter. Blue Trust Inc. now owns 369 shares of the company’s stock worth $30,000 after buying an additional 171 shares during the last quarter. Finally, Summit Global Investments increased its holdings in shares of GMS by 2.0% during the second quarter. Summit Global Investments now owns 14,712 shares of the company’s stock worth $1,186,000 after buying an additional 288 shares in the last quarter. Institutional investors own 95.28% of the company’s stock.

GMS Price Performance

Shares of GMS stock opened at $90.99 on Wednesday. The firm has a market cap of $3.53 billion, a PE ratio of 16.73 and a beta of 1.68. The business has a 50-day moving average price of $96.08 and a 200 day moving average price of $91.00. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97. GMS has a twelve month low of $75.31 and a twelve month high of $105.54.

GMS (NYSE:GMS) last issued its quarterly earnings results on Thursday, December 5th. The company reported $2.02 EPS 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 analysts’ expectations of $1.46 billion. During the same period in the previous year, the firm posted $2.30 EPS. GMS’s revenue was up 3.5% compared to the same quarter last year. Sell-side analysts predict that GMS will post 7.41 earnings per share for the current fiscal 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.