GMS Inc. (NYSE:GMS) Receives $95.43 Average Target Price from Analysts

Shares of GMS Inc. (NYSE:GMS) have been given a consensus recommendation of “Hold” by the seven analysts that are currently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $95.43.

A number of research firms have issued reports on GMS. Barclays upped their target price on shares of GMS from $80.00 to $93.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Robert W. Baird reduced their price objective on shares of GMS from $115.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, December 6th. Loop Capital lifted their target price on shares of GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a research note on Monday, November 25th. DA Davidson reduced their price target on GMS from $97.00 to $94.00 and set a “neutral” rating on the stock in a research note on Friday, December 6th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $86.00 price objective (up previously from $78.00) on shares of GMS in a research report on Friday, December 6th.

Insider Activity at GMS

In other news, COO George T. Hendren sold 5,000 shares of GMS stock in a transaction dated Monday, November 11th. The stock was 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 $2,427,834.36. The trade was a 17.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Intech Investment Management LLC grew its stake in GMS by 148.8% during the third quarter. Intech Investment Management LLC now owns 16,511 shares of the company’s stock worth $1,495,000 after buying an additional 9,876 shares during the period. Victory Capital Management Inc. boosted its position in GMS by 6.4% during the 3rd quarter. Victory Capital Management Inc. now owns 101,541 shares of the company’s stock worth $9,197,000 after purchasing an additional 6,136 shares during the period. Barclays PLC increased its holdings in GMS by 374.0% in the 3rd quarter. Barclays PLC now owns 70,580 shares of the company’s stock valued at $6,392,000 after purchasing an additional 55,690 shares in the last quarter. Algert Global LLC raised its position in GMS by 22.8% in the second 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 during the period. Finally, Vestcor Inc lifted its stake in shares of GMS by 71.5% during the third quarter. Vestcor Inc now owns 14,330 shares of the company’s stock worth $1,298,000 after purchasing an additional 5,972 shares in the last quarter. Hedge funds and other institutional investors own 95.28% of the company’s stock.

GMS Trading Up 0.4 %

Shares of GMS opened at $81.26 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 1-year low of $77.29 and a 1-year high of $105.54. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 14.94 and a beta of 1.73. The firm has a 50 day simple moving average of $93.60 and a 200-day simple moving average of $90.39.

GMS (NYSE:GMS) last released its quarterly earnings results on Thursday, December 5th. The company reported $2.02 earnings per share for the quarter, missing the consensus estimate of $2.26 by ($0.24). The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.30 EPS. Equities analysts forecast that GMS will post 7.41 EPS 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.