Brokerages Set GMS Inc. (NYSE:GMS) Target Price at $94.13

Shares of GMS Inc. (NYSE:GMS) have received an average rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $95.43.

Several research analysts have recently weighed in on GMS shares. Loop Capital boosted their price objective on shares of GMS from $85.00 to $93.00 and gave the company a “hold” rating in a report on Monday, November 25th. Truist Financial raised their price target on GMS from $90.00 to $97.00 and gave the company a “hold” rating in a report on Monday, December 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $86.00 price target (up previously from $78.00) on shares of GMS in a research note on Friday, December 6th. StockNews.com cut shares of GMS from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Finally, Robert W. Baird dropped their price objective on shares of GMS from $115.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, December 6th.

Insider Buying and Selling

In other GMS news, COO George T. Hendren sold 5,000 shares of the business’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 23,772 shares in the company, valued at approximately $2,427,834.36. The trade was a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.

Institutional Investors Weigh In On GMS

Several institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in shares of GMS by 6.4% during the third quarter. Victory Capital Management Inc. now owns 101,541 shares of the company’s stock worth $9,197,000 after buying an additional 6,136 shares during the period. Intech Investment Management LLC lifted its stake in GMS by 148.8% during the 3rd quarter. Intech Investment Management LLC now owns 16,511 shares of the company’s stock valued at $1,495,000 after acquiring an additional 9,876 shares during the period. Algert Global LLC boosted its holdings in shares of GMS by 22.8% in the 2nd quarter. Algert Global LLC now owns 151,535 shares of the company’s stock valued at $12,215,000 after acquiring an additional 28,137 shares during the last quarter. Vestcor Inc raised its stake in shares of GMS by 71.5% during the 3rd quarter. Vestcor Inc now owns 14,330 shares of the company’s stock valued at $1,298,000 after buying an additional 5,972 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of GMS by 61.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 37,359 shares of the company’s stock valued at $3,384,000 after buying an additional 14,174 shares during the period. 95.28% of the stock is currently owned by institutional investors and hedge funds.

GMS Stock Performance

Shares of GMS opened at $90.99 on Wednesday. The company has a 50-day simple moving average of $96.08 and a two-hundred day simple moving average of $91.00. The firm has a market capitalization of $3.53 billion, a PE ratio of 16.73 and a beta of 1.68. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44. GMS has a one year low of $75.31 and a one year high of $105.54.

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