GMS Inc. (NYSE:GMS) Receives $91.50 Average PT from Brokerages

Shares of GMS Inc. (NYSE:GMS) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $91.50.

A number of research analysts recently commented on GMS shares. Barclays lowered their price target on shares of GMS from $81.00 to $80.00 and set an “equal weight” rating for the company in a report on Monday, September 9th. StockNews.com downgraded GMS from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Robert W. Baird lifted their price objective on shares of GMS from $96.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, Truist Financial reduced their target price on shares of GMS from $95.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, August 30th.

Insider Activity

In related news, COO George T. Hendren sold 5,000 shares of GMS stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $102.13, for a total transaction of $510,650.00. Following the completion of the sale, the chief operating officer now owns 23,772 shares in the company, valued at $2,427,834.36. This trade represents a 17.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On GMS

A number of hedge funds have recently added to or reduced their stakes in GMS. Vestcor Inc boosted its holdings 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 lifted its holdings in shares of GMS by 374.0% in the 3rd quarter. Barclays PLC now owns 70,580 shares of the company’s stock worth $6,392,000 after buying an additional 55,690 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of GMS by 16.1% during the 3rd 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 in the last quarter. XTX Topco Ltd purchased a new position in shares of GMS during the third quarter valued at $1,437,000. Finally, Weiss Asset Management LP bought a new stake in shares of GMS in the third quarter valued at about $12,490,000. 95.28% of the stock is currently owned by institutional investors.

GMS Stock Down 0.3 %

NYSE GMS opened at $99.58 on Friday. The stock has a 50 day moving average price of $92.03 and a 200-day moving average price of $90.39. GMS has a one year low of $64.82 and a one year high of $103.56. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.45 and a current ratio of 2.31. The company has a market capitalization of $3.91 billion, a P/E ratio of 16.49 and a beta of 1.68.

GMS (NYSE:GMS) last released its quarterly earnings data on Thursday, August 29th. The company reported $1.93 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.21). GMS had a net margin of 4.45% and a return on equity of 22.02%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the business earned $2.40 EPS. GMS’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, equities analysts predict that GMS will post 7.95 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.