GMS Inc. (NYSE:GMS) Given Average Rating of “Hold” by Analysts

Shares of GMS Inc. (NYSE:GMS) have earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $80.50.

A number of brokerages have commented on GMS. Robert W. Baird lowered their target price on GMS from $110.00 to $93.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Barclays lowered their price target on GMS from $80.00 to $71.00 and set an “equal weight” rating for the company in a research note on Monday, March 10th. DA Davidson cut their price objective on shares of GMS from $94.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Loop Capital decreased their target price on shares of GMS from $93.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, March 10th. Finally, UBS Group set a $80.00 price target on shares of GMS in a report on Friday, March 7th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. AlphaQuest LLC boosted its stake in GMS by 1,710.5% during the 4th quarter. AlphaQuest LLC now owns 344 shares of the company’s stock valued at $29,000 after purchasing an additional 325 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of GMS during the fourth quarter worth approximately $34,000. Blue Trust Inc. boosted its position in shares of GMS by 71.3% in the fourth quarter. Blue Trust Inc. now owns 685 shares of the company’s stock valued at $62,000 after acquiring an additional 285 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of GMS by 246.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company’s stock worth $84,000 after acquiring an additional 705 shares during the last quarter. Finally, KBC Group NV increased its position in GMS by 31.9% during the third quarter. KBC Group NV now owns 1,162 shares of the company’s stock worth $105,000 after acquiring an additional 281 shares during the period. 95.28% of the stock is currently owned by institutional investors and hedge funds.

GMS Stock Performance

GMS stock opened at $75.39 on Friday. The firm has a 50 day simple moving average of $79.88 and a 200 day simple moving average of $87.53. GMS has a 52 week low of $65.88 and a 52 week high of $105.54. The stock has a market cap of $2.89 billion, a P/E ratio of 13.86 and a beta of 1.73. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23.

GMS (NYSE:GMS) last issued 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). GMS had a net margin of 3.92% and a return on equity of 20.67%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.29 billion. Research analysts anticipate that GMS will post 7.26 earnings per share for the current fiscal year.

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.