GMS Inc. (NYSE:GMS) Given Consensus Rating of “Moderate Buy” by Analysts

GMS Inc. (NYSE:GMS) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $90.38.

A number of research firms have recently issued reports on GMS. StockNews.com downgraded GMS from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 26th. Stephens dropped their price target on GMS from $112.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, July 1st. Truist Financial dropped their price target on GMS from $105.00 to $95.00 and set a “hold” rating on the stock in a research report on Friday, June 21st. Robert W. Baird dropped their price target on GMS from $112.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, June 21st. Finally, Barclays dropped their price target on GMS from $93.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Friday, June 21st.

Insider Buying and Selling

In related news, SVP Craig D. Apolinsky sold 7,900 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $90.32, for a total transaction of $713,528.00. Following the completion of the sale, the senior vice president now directly owns 10,671 shares in the company, valued at approximately $963,804.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On GMS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its stake in GMS by 86.4% in the second quarter. Blue Trust Inc. now owns 369 shares of the company’s stock valued at $30,000 after buying an additional 171 shares during the last quarter. GAMMA Investing LLC purchased a new stake in GMS in the fourth quarter valued at about $32,000. Hexagon Capital Partners LLC raised its stake in GMS by 233.3% in the fourth quarter. Hexagon Capital Partners LLC now owns 430 shares of the company’s stock valued at $35,000 after buying an additional 301 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in GMS in the first quarter valued at about $77,000. Finally, LRI Investments LLC purchased a new stake in GMS in the first quarter valued at about $127,000. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

GMS Stock Performance

Shares of GMS stock opened at $90.32 on Friday. The stock’s fifty day moving average is $88.33 and its two-hundred day moving average is $89.36. The company has a market capitalization of $3.58 billion, a PE ratio of 13.42 and a beta of 1.63. The company has a quick ratio of 1.40, a current ratio of 2.17 and a debt-to-equity ratio of 0.84. GMS has a 52 week low of $56.58 and a 52 week high of $101.04.

GMS (NYSE:GMS) last announced its quarterly earnings data on Thursday, June 20th. The company reported $1.93 EPS for the quarter, missing the consensus estimate of $2.04 by ($0.11). The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.41 billion. GMS had a net margin of 5.02% and a return on equity of 24.05%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $2.11 EPS. As a group, analysts expect that GMS will post 8.64 earnings per share for the current 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.