GMS Inc. (NYSE:GMS) Receives $89.63 Average Price Target from Analysts

GMS Inc. (NYSE:GMS) has been given an average rating of “Moderate Buy” by the eight ratings firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $89.63.

Several brokerages have weighed in on GMS. Robert W. Baird raised their price target on GMS from $92.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Barclays raised their price target on GMS from $75.00 to $93.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 5th. Truist Financial raised their price target on GMS from $72.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, March 1st. Royal Bank of Canada raised their price target on GMS from $84.00 to $92.00 and gave the stock a “sector perform” rating in a report on Friday, March 1st. Finally, Stephens lifted their target price on GMS from $87.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, January 26th.

Insider Activity at GMS

In related news, CEO John C. Turner, Jr. sold 6,266 shares of GMS stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $97.58, for a total transaction of $611,436.28. Following the completion of the transaction, the chief executive officer now directly owns 48,074 shares in the company, valued at $4,691,060.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, COO George T. Hendren sold 10,554 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $96.49, for a total value of $1,018,355.46. Following the completion of the sale, the chief operating officer now directly owns 23,261 shares in the company, valued at $2,244,453.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John C. Turner, Jr. sold 6,266 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $97.58, for a total value of $611,436.28. Following the completion of the sale, the chief executive officer now owns 48,074 shares of the company’s stock, valued at $4,691,060.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,820 shares of company stock worth $3,561,192. 1.90% of the stock is owned by corporate insiders.

Institutional Trading of GMS

A number of institutional investors have recently made changes to their positions in GMS. Quarry LP acquired a new stake in shares of GMS in the second quarter worth approximately $29,000. Blue Trust Inc. lifted its stake in shares of GMS by 131.1% in the 4th quarter. Blue Trust Inc. now owns 372 shares of the company’s stock valued at $31,000 after purchasing an additional 211 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of GMS in the 4th quarter valued at $32,000. Hexagon Capital Partners LLC lifted its stake in shares of GMS by 233.3% in the 4th quarter. Hexagon Capital Partners LLC now owns 430 shares of the company’s stock valued at $35,000 after purchasing an additional 301 shares during the last quarter. Finally, Point72 Hong Kong Ltd lifted its stake in shares of GMS by 41.1% in the 2nd quarter. Point72 Hong Kong Ltd now owns 958 shares of the company’s stock valued at $43,000 after purchasing an additional 279 shares during the last quarter. 95.28% of the stock is owned by institutional investors and hedge funds.

GMS Price Performance

Shares of GMS stock opened at $100.38 on Friday. GMS has a 1-year low of $52.00 and a 1-year high of $100.44. The stock’s 50-day moving average is $91.15 and its 200 day moving average is $77.38. The company has a market cap of $4.00 billion, a P/E ratio of 14.06 and a beta of 1.73. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.40 and a quick ratio of 1.47.

GMS (NYSE:GMS) last issued its quarterly earnings data on Thursday, February 29th. The company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.01). GMS had a net margin of 5.48% and a return on equity of 25.65%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the business earned $1.85 EPS. GMS’s revenue for the quarter was up 1.9% compared to the same quarter last year. Research analysts predict that GMS will post 8.36 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.