GMS Inc. (NYSE:GMS) Given Average Rating of “Hold” by Analysts

GMS Inc. (NYSE:GMS) has been given an average rating of “Hold” by the seven research firms that are presently covering the stock, Marketbeat 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 12-month price objective among brokerages that have issued a report on the stock in the last year is $95.43.

Several equities research analysts have issued reports on the company. Barclays lifted their price objective on GMS from $80.00 to $93.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Royal Bank of Canada reiterated a “sector perform” rating and set a $86.00 price objective (up from $78.00) on shares of GMS in a research note on Friday, December 6th. Robert W. Baird dropped their target price 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 increased their price target on shares of GMS from $90.00 to $97.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Finally, Loop Capital boosted their price objective on GMS from $85.00 to $93.00 and gave the company a “hold” rating in a report on Monday, November 25th.

Insiders Place Their Bets

In related news, COO George T. Hendren sold 5,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $102.13, for a total transaction 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 represents a 17.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On GMS

Hedge funds and other institutional investors have recently modified their holdings of the company. Lord Abbett & CO. LLC lifted its position in GMS by 6.9% in the 3rd quarter. Lord Abbett & CO. LLC now owns 90,374 shares of the company’s stock valued at $8,185,000 after purchasing an additional 5,833 shares during the last quarter. Vestcor Inc increased its stake in shares of GMS by 71.5% in the third quarter. Vestcor Inc now owns 14,330 shares of the company’s stock valued at $1,298,000 after purchasing an additional 5,972 shares during the period. Barclays PLC raised its holdings in shares of GMS by 374.0% during the third quarter. Barclays PLC now owns 70,580 shares of the company’s stock valued at $6,392,000 after buying an additional 55,690 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of GMS by 16.1% during the third quarter. Public Employees Retirement System of Ohio now owns 42,901 shares of the company’s stock worth $3,886,000 after buying an additional 5,936 shares during the period. Finally, XTX Topco Ltd bought a new position in GMS in the 3rd quarter worth approximately $1,437,000. Institutional investors and hedge funds own 95.28% of the company’s stock.

GMS Price Performance

GMS opened at $81.26 on Friday. GMS has a twelve month low of $77.29 and a twelve month high of $105.54. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 14.94 and a beta of 1.73. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. The company has a fifty day simple moving average of $93.60 and a 200 day simple moving average of $90.39.

GMS (NYSE:GMS) last announced its earnings results on Thursday, December 5th. The company reported $2.02 earnings per share 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 business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the business earned $2.30 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. Equities research analysts expect that GMS will post 7.41 EPS 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.