GMS Inc. (NYSE:GMS) Receives $80.50 Consensus Price Target from Analysts

Shares of GMS Inc. (NYSE:GMS) have been given a consensus rating of “Hold” by the seven analysts that are covering the stock, MarketBeat Ratings 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 brokers that have covered the stock in the last year is $80.50.

GMS has been the topic of several analyst reports. Barclays lowered their target price on shares of GMS from $80.00 to $71.00 and set an “equal weight” rating on the stock in a research report on Monday, March 10th. Robert W. Baird lowered their price target on GMS from $110.00 to $93.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. UBS Group set a $80.00 price objective on shares of GMS in a research note on Friday, March 7th. DA Davidson lowered their target price on shares of GMS from $94.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Finally, Royal Bank of Canada dropped their target price on shares of GMS from $82.00 to $65.00 and set a “sector perform” rating on the stock in a report on Friday, March 7th.

Insiders Place Their Bets

In other GMS news, CEO John C. Turner, Jr. bought 3,650 shares of the firm’s stock in a transaction dated Monday, April 7th. The shares were acquired at an average cost of $70.00 per share, for a total transaction of $255,500.00. Following the transaction, the chief executive officer now owns 66,928 shares in the company, valued at approximately $4,684,960. The trade was a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Theron I. Gilliam sold 12,474 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $73.46, for a total transaction of $916,340.04. Following the transaction, the director now owns 31,507 shares of the company’s stock, valued at approximately $2,314,504.22. This represents a 28.36 % decrease in their position. The disclosure for this sale 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 modified their holdings of the stock. Summit Investment Advisors Inc. lifted its holdings in GMS by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,130 shares of the company’s stock valued at $350,000 after purchasing an additional 131 shares during the last quarter. Inspire Investing LLC increased its holdings in GMS by 2.9% during the 4th quarter. Inspire Investing LLC now owns 4,716 shares of the company’s stock valued at $400,000 after purchasing an additional 134 shares in the last quarter. Yousif Capital Management LLC raised its position in GMS by 1.0% in the 1st quarter. Yousif Capital Management LLC now owns 15,143 shares of the company’s stock valued at $1,108,000 after purchasing an additional 147 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of GMS by 0.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 37,507 shares of the company’s stock worth $3,182,000 after purchasing an additional 148 shares during the last quarter. Finally, Vise Technologies Inc. increased its stake in shares of GMS by 2.3% in the fourth quarter. Vise Technologies Inc. now owns 7,090 shares of the company’s stock valued at $601,000 after buying an additional 162 shares in the last quarter. Institutional investors own 95.28% of the company’s stock.

GMS Stock Up 0.9 %

Shares of GMS stock opened at $70.72 on Tuesday. The stock has a 50-day simple moving average of $75.28 and a 200-day simple moving average of $85.45. GMS has a 52-week low of $65.77 and a 52-week high of $105.54. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 13.00 and a beta of 1.62. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44.

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

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.