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

GMS Inc. (NYSE:GMS) has earned an average recommendation of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $80.50.

Several equities research analysts have recently weighed in on the company. Truist Financial decreased their price objective on GMS from $97.00 to $80.00 and set a “hold” rating for the company in a report on Friday, March 7th. DA Davidson decreased their price target on shares of GMS from $94.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Loop Capital dropped their price objective on shares of GMS from $93.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, March 10th. UBS Group set a $80.00 target price on shares of GMS in a research note on Friday, March 7th. Finally, 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.

Insider Transactions at GMS

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GMS. FMR LLC boosted its stake in shares of GMS by 38.7% during the 4th quarter. FMR LLC now owns 5,868,782 shares of the company’s stock worth $497,849,000 after acquiring an additional 1,636,612 shares in the last quarter. Coliseum Capital Management LLC boosted its position in GMS by 135.0% during the fourth quarter. Coliseum Capital Management LLC now owns 1,889,489 shares of the company’s stock worth $160,285,000 after purchasing an additional 1,085,551 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in GMS in the fourth quarter valued at $109,277,000. Westwood Holdings Group Inc. increased its position in shares of GMS by 29.4% in the first quarter. Westwood Holdings Group Inc. now owns 933,262 shares of the company’s stock valued at $68,287,000 after buying an additional 212,128 shares in the last quarter. Finally, LSV Asset Management raised its stake in shares of GMS by 4.9% during the 1st quarter. LSV Asset Management now owns 668,420 shares of the company’s stock worth $48,908,000 after buying an additional 31,200 shares during the last quarter. 95.28% of the stock is owned by hedge funds and other institutional investors.

GMS Price Performance

Shares of NYSE:GMS opened at $75.14 on Friday. 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 has a 12 month low of $65.77 and a 12 month high of $105.54. The firm has a market capitalization of $2.88 billion, a P/E ratio of 13.81 and a beta of 1.66. The company’s fifty day moving average price is $72.78 and its 200 day moving average price is $83.41.

GMS (NYSE:GMS) last posted its earnings results on Thursday, March 6th. The company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.47). The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.29 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. As a group, sell-side analysts predict 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.