GMS Inc. (NYSE:GMS) Given Consensus Recommendation of “Hold” by Brokerages

Shares of GMS Inc. (NYSE:GMS) have earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $95.43.

GMS has been the subject of several research analyst reports. Robert W. Baird lowered their price objective on shares of GMS from $115.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, December 6th. Truist Financial boosted their price target on GMS from $90.00 to $97.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Barclays raised their price objective on GMS from $80.00 to $93.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Loop Capital boosted their target price on GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a research note on Monday, November 25th. Finally, Royal Bank of Canada restated 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.

Insider Transactions at GMS

In related 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 transaction of $510,650.00. Following the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On GMS

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP lifted its holdings in shares of GMS by 37.1% during the second quarter. Quarry LP now owns 403 shares of the company’s stock worth $32,000 after purchasing an additional 109 shares during the period. State of New Jersey Common Pension Fund D raised its position in GMS by 0.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 20,805 shares of the company’s stock worth $1,884,000 after purchasing an additional 113 shares during the last quarter. Inspire Investing LLC lifted its holdings in GMS by 4.0% during the 3rd quarter. Inspire Investing LLC now owns 4,582 shares of the company’s stock worth $415,000 after buying an additional 176 shares during the period. Arizona State Retirement System grew its position in shares of GMS by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 10,595 shares of the company’s stock valued at $854,000 after buying an additional 199 shares during the last quarter. Finally, Foundry Partners LLC increased its stake in shares of GMS by 6.2% in the third quarter. Foundry Partners LLC now owns 3,964 shares of the company’s stock valued at $359,000 after buying an additional 232 shares during the period. 95.28% of the stock is currently owned by institutional investors and hedge funds.

GMS Stock Down 1.1 %

Shares of NYSE GMS opened at $80.21 on Friday. The stock has a market capitalization of $3.11 billion, a P/E ratio of 14.74 and a beta of 1.73. The stock’s fifty day moving average is $93.21 and its 200 day moving average is $90.33. GMS has a 52 week low of $77.29 and a 52 week high of $105.54. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23.

GMS (NYSE:GMS) last released its 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 net margin of 3.92% and a return on equity of 20.67%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the business earned $2.30 earnings per share. GMS’s quarterly revenue was up 3.5% compared to the same quarter last year. Sell-side analysts forecast 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.