GMS Inc. (NYSE:GMS) Receives Average Rating of “Hold” from Analysts

Shares of GMS Inc. (NYSE:GMS) have been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $95.43.

Several brokerages recently weighed in on GMS. StockNews.com downgraded GMS from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. 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. Barclays boosted their target price on GMS from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Robert W. Baird dropped their target price on GMS from $115.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, December 6th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $86.00 target price (up from $78.00) on shares of GMS in a research note on Friday, December 6th.

Insiders Place Their Bets

In other news, COO George T. Hendren sold 5,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was 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 owns 23,772 shares of the company’s stock, valued at $2,427,834.36. The trade was a 17.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On GMS

Institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. lifted its holdings in shares of GMS by 86.4% in the 2nd quarter. Blue Trust Inc. now owns 369 shares of the company’s stock valued at $30,000 after buying an additional 171 shares during the period. Quarry LP increased its stake in shares of GMS by 37.1% in the 2nd quarter. Quarry LP now owns 403 shares of the company’s stock valued at $32,000 after purchasing an additional 109 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of GMS by 138.8% in the 3rd quarter. GAMMA Investing LLC now owns 621 shares of the company’s stock valued at $56,000 after purchasing an additional 361 shares in the last quarter. KBC Group NV increased its stake in shares of GMS by 31.9% in the 3rd quarter. KBC Group NV now owns 1,162 shares of the company’s stock valued at $105,000 after purchasing an additional 281 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of GMS in the 2nd quarter valued at about $121,000. Institutional investors and hedge funds own 95.28% of the company’s stock.

GMS Trading Down 1.4 %

Shares of NYSE:GMS opened at $91.00 on Wednesday. GMS has a 12-month low of $75.31 and a 12-month high of $105.54. The business’s fifty day simple moving average is $96.08 and its 200-day simple moving average is $90.97. The company has a market capitalization of $3.53 billion, a PE ratio of 16.73 and a beta of 1.68. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97.

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 return on equity of 20.67% and a net margin of 3.92%. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the firm earned $2.30 earnings per share. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, equities research analysts predict that GMS will post 7.41 earnings per share 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.