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

Shares of GMS Inc. (NYSE:GMS) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $91.50.

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

GMS Stock Up 2.6 %

NYSE GMS opened at $101.70 on Friday. 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 firm has a 50-day simple moving average of $93.30 and a 200 day simple moving average of $90.56. GMS has a twelve month low of $65.46 and a twelve month high of $103.56. The stock has a market cap of $4.00 billion, a PE ratio of 16.78 and a beta of 1.68.

GMS (NYSE:GMS) last released its earnings results on Thursday, August 29th. The company reported $1.93 earnings per share 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 company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the business posted $2.40 EPS. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. On average, research analysts forecast that GMS will post 7.95 EPS for the current year.

Insider Buying and Selling at GMS

In other GMS news, COO George T. Hendren sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $102.13, for a total value of $510,650.00. Following the transaction, the chief operating officer now directly owns 23,772 shares of the company’s stock, valued at approximately $2,427,834.36. This trade represents a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On GMS

A number of hedge funds and other institutional investors have recently bought and sold shares of GMS. FMR LLC boosted its stake in GMS by 25.3% in the third quarter. FMR LLC now owns 4,232,170 shares of the company’s stock valued at $383,308,000 after acquiring an additional 854,987 shares during the last quarter. Westwood Holdings Group Inc. bought a new position in shares of GMS during the first quarter worth $68,693,000. American Century Companies Inc. boosted its position in shares of GMS by 28.5% during the second quarter. American Century Companies Inc. now owns 1,830,833 shares of the company’s stock worth $147,583,000 after purchasing an additional 406,406 shares in the last quarter. LSV Asset Management boosted its position in shares of GMS by 103.0% during the second quarter. LSV Asset Management now owns 690,820 shares of the company’s stock worth $55,687,000 after purchasing an additional 350,478 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. bought a new position in shares of GMS during the second quarter worth $24,601,000. 95.28% of the stock is owned by institutional investors.

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.