GMS Inc. (NYSE:GMS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

GMS Inc. (NYSE:GMSGet Free Report) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $88.88.

Several research analysts have recently issued reports on the company. Robert W. Baird lowered their price objective on GMS from $112.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday. Barclays lowered their price objective on GMS from $93.00 to $81.00 and set an “equal weight” rating for the company in a research report on Friday. StockNews.com raised GMS from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 18th. Truist Financial reduced their target price on GMS from $105.00 to $95.00 and set a “hold” rating for the company in a report on Friday. Finally, Loop Capital reduced their target price on GMS from $100.00 to $85.00 and set a “hold” rating for the company in a report on Friday.

Read Our Latest Report on GMS

GMS Trading Down 3.1 %

GMS opened at $81.82 on Wednesday. The business has a fifty day moving average price of $92.35 and a 200 day moving average price of $88.91. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 12.16 and a beta of 1.72. GMS has a 12 month low of $56.58 and a 12 month high of $101.04. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.17 and a quick ratio of 1.47.

GMS (NYSE:GMSGet Free Report) last released its quarterly earnings data on Thursday, June 20th. The company reported $1.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.04 by ($0.11). The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.41 billion. GMS had a return on equity of 24.05% and a net margin of 5.02%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.11 earnings per share. Sell-side analysts expect that GMS will post 8.79 earnings per share for the current fiscal year.

Insider Buying and Selling at GMS

In other GMS news, SVP Craig D. Apolinsky sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $96.57, for a total transaction of $1,931,400.00. Following the completion of the sale, the senior vice president now directly owns 10,360 shares of the company’s stock, valued at approximately $1,000,465.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On GMS

Large investors have recently modified their holdings of the business. Blue Trust Inc. raised its stake in shares of GMS by 131.1% during the 4th quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $31,000 after buying an additional 211 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of GMS during the 4th quarter worth approximately $32,000. Hexagon Capital Partners LLC grew its holdings in shares of GMS by 233.3% in the 4th quarter. Hexagon Capital Partners LLC now owns 430 shares of the company’s stock worth $35,000 after acquiring an additional 301 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of GMS in the 1st quarter worth approximately $77,000. Finally, LRI Investments LLC acquired a new stake in shares of GMS in the 1st quarter worth approximately $127,000. 95.28% of the stock is owned by hedge funds and other institutional investors.

GMS Company Profile

(Get Free Report

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.

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Analyst Recommendations for GMS (NYSE:GMS)

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