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

GMS Inc. (NYSE:GMS) has been assigned a consensus rating of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $80.50.

GMS has been the topic of several research reports. Truist Financial lowered their price objective on shares of GMS from $97.00 to $80.00 and set a “hold” rating on the stock in a research report on Friday, March 7th. UBS Group set a $80.00 target price on shares of GMS in a research note on Friday, March 7th. Royal Bank of Canada dropped their price target on GMS from $82.00 to $65.00 and set a “sector perform” rating on the stock in a research report on Friday, March 7th. DA Davidson reduced their price objective on GMS from $94.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Finally, Robert W. Baird decreased their price objective on GMS from $110.00 to $93.00 and set an “outperform” rating for the company in a research report on Friday, March 7th.

GMS Trading Down 2.3%

GMS opened at $75.63 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97. GMS has a 52 week low of $65.77 and a 52 week high of $105.54. The business’s 50 day moving average is $72.80 and its two-hundred day moving average is $83.04. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 13.90 and a beta of 1.66.

GMS (NYSE:GMS) last announced its earnings results on Thursday, March 6th. The company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.47). The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.29 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. On average, research analysts predict that GMS will post 7.26 EPS for the current year.

Insider Transactions at GMS

In other GMS news, Director Theron I. Gilliam sold 12,474 shares of GMS stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $73.46, for a total value of $916,340.04. Following the sale, the director now owns 31,507 shares of the company’s stock, valued at approximately $2,314,504.22. The trade was a 28.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John C. Turner, Jr. bought 3,650 shares of the company’s stock in a transaction on Monday, April 7th. The shares were acquired at an average price of $70.00 per share, for a total transaction of $255,500.00. Following the transaction, the chief executive officer now directly owns 66,928 shares in the company, valued at $4,684,960. This trade represents a 5.77% increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On GMS

Several hedge funds and other institutional investors have recently bought and sold shares of the company. AlphaQuest LLC raised its stake in shares of GMS by 1,710.5% during the 4th quarter. AlphaQuest LLC now owns 344 shares of the company’s stock worth $29,000 after buying an additional 325 shares during the last quarter. Eukles Asset Management acquired a new position in GMS in the 1st quarter valued at about $33,000. Canada Pension Plan Investment Board purchased a new position in GMS in the 4th quarter valued at about $34,000. Brooklyn Investment Group acquired a new stake in shares of GMS during the 1st quarter worth about $47,000. Finally, Versant Capital Management Inc grew its holdings in shares of GMS by 170.5% during the first quarter. Versant Capital Management Inc now owns 706 shares of the company’s stock worth $52,000 after buying an additional 445 shares in the last quarter. 95.28% of the stock is owned by institutional investors and hedge funds.

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.