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

Shares of GMS Inc. (NYSE:GMS) have earned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $95.43.

Several equities research analysts have recently commented on GMS shares. Robert W. Baird lowered their target price on GMS from $115.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, December 6th. Truist Financial lifted their price objective on GMS from $90.00 to $97.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Loop Capital upped their target price on shares of GMS from $85.00 to $93.00 and gave the company a “hold” rating in a research report on Monday, November 25th. StockNews.com lowered shares of GMS from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Finally, DA Davidson dropped their price target on shares of GMS from $97.00 to $94.00 and set a “neutral” rating for the company in a research note on Friday, December 6th.

GMS Trading Down 2.1 %

GMS opened at $89.01 on Wednesday. GMS has a 1-year low of $77.01 and a 1-year high of $105.54. The stock has a market capitalization of $3.45 billion, a PE ratio of 16.45 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. The firm has a 50-day moving average price of $96.08 and a two-hundred day moving average price of $90.95.

GMS (NYSE:GMS) last released its quarterly 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 company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the company earned $2.30 earnings per share. GMS’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, equities analysts anticipate that GMS will post 7.41 earnings per share for the current fiscal year.

Insider Transactions at GMS

In other news, COO George T. Hendren sold 5,000 shares of GMS stock in a transaction 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 transaction, the chief operating officer now directly owns 23,772 shares of the company’s stock, valued at $2,427,834.36. This trade represents a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of GMS

Large investors have recently made changes to their positions in the company. Intech Investment Management LLC grew its stake in GMS by 148.8% in the third 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. Victory Capital Management Inc. lifted its holdings in shares of GMS by 6.4% during the 3rd quarter. Victory Capital Management Inc. now owns 101,541 shares of the company’s stock valued at $9,197,000 after purchasing an additional 6,136 shares in the last quarter. Algert Global LLC lifted its holdings in shares of GMS by 22.8% during the 2nd quarter. Algert Global LLC now owns 151,535 shares of the company’s stock valued at $12,215,000 after purchasing an additional 28,137 shares in the last quarter. Vestcor Inc grew its position in shares of GMS by 71.5% in the 3rd 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. Finally, Rockefeller Capital Management L.P. increased its stake in GMS by 61.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 37,359 shares of the company’s stock worth $3,384,000 after purchasing an additional 14,174 shares in the last quarter. Institutional investors own 95.28% of the company’s stock.

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.