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

GMS Inc. (NYSE:GMS) has been assigned a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $95.43.

A number of analysts have recently weighed in on GMS shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $86.00 price target (up from $78.00) on shares of GMS in a research note on Friday, December 6th. Barclays upped their target price on GMS from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Truist Financial boosted their price objective on GMS from $90.00 to $97.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. DA Davidson decreased their target price on GMS from $97.00 to $94.00 and set a “neutral” rating for the company in a research note on Friday, December 6th. Finally, Loop Capital lifted their target price on GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a report on Monday, November 25th.

GMS Stock Down 2.2 %

GMS opened at $81.09 on Friday. The stock’s 50 day moving average price is $93.80 and its 200 day moving average price is $90.46. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44. The stock has a market cap of $3.15 billion, a P/E ratio of 14.91 and a beta of 1.73. GMS has a 12 month low of $77.29 and a 12 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 analysts’ consensus estimates of $2.26 by ($0.24). The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. GMS’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the business posted $2.30 earnings per share. As a group, research analysts predict that GMS will post 7.41 earnings per share for the current year.

Insider Buying and Selling

In other GMS news, COO George T. Hendren sold 5,000 shares of GMS stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $102.13, for a total value of $510,650.00. Following the completion of the sale, the chief operating officer now directly owns 23,772 shares in the company, valued at $2,427,834.36. The trade was a 17.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On GMS

Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC boosted its position in GMS by 25.3% during the third quarter. FMR LLC now owns 4,232,170 shares of the company’s stock worth $383,308,000 after purchasing an additional 854,987 shares during the period. American Century Companies Inc. grew its stake in GMS by 28.5% in the 2nd quarter. American Century Companies Inc. now owns 1,830,833 shares of the company’s stock valued at $147,583,000 after buying an additional 406,406 shares during the last quarter. LSV Asset Management raised its holdings in GMS by 103.0% in the 2nd quarter. LSV Asset Management now owns 690,820 shares of the company’s stock worth $55,687,000 after acquiring an additional 350,478 shares during the period. Weiss Asset Management LP acquired a new position in GMS during the 3rd quarter worth $12,490,000. Finally, Verition Fund Management LLC boosted its holdings in GMS by 48.3% during the third quarter. Verition Fund Management LLC now owns 340,388 shares of the company’s stock valued at $30,829,000 after acquiring an additional 110,876 shares during the period. Institutional investors and hedge funds own 95.28% of the company’s stock.

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.