GMS Inc. (NYSE:GMS) Receives Consensus Rating of “Buy” from Brokerages

Shares of GMS Inc. (NYSE:GMS – Get Rating) have been assigned a consensus rating of “Buy” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $64.14.

GMS has been the subject of several research reports. Zacks Investment Research cut GMS from a “buy” rating to a “hold” rating in a research report on Tuesday, April 5th. Loop Capital initiated coverage on GMS in a research report on Thursday, March 17th. They issued a “buy” rating and a $62.00 price objective for the company. Finally, StockNews.com began coverage on GMS in a research report on Thursday, March 31st. They issued a “buy” rating for the company.

In other news, major shareholder Coliseum Capital Management, L bought 105,000 shares of GMS stock in a transaction that occurred on Thursday, April 7th. The stock was purchased at an average cost of $46.09 per share, with a total value of $4,839,450.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders purchased 217,049 shares of company stock valued at $10,608,665. 1.40% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in GMS. FMR LLC raised its stake in GMS by 27.6% during the first quarter. FMR LLC now owns 1,568,460 shares of the company’s stock worth $23,715,000 after acquiring an additional 338,959 shares in the last quarter. Coliseum Capital Management LLC raised its stake in GMS by 6.6% during the third quarter. Coliseum Capital Management LLC now owns 5,292,003 shares of the company’s stock worth $231,790,000 after acquiring an additional 328,060 shares in the last quarter. Conversant Capital LLC acquired a new stake in shares of GMS in the fourth quarter valued at $15,490,000. Sei Investments Co. increased its stake in shares of GMS by 102.8% in the fourth quarter. Sei Investments Co. now owns 244,329 shares of the company’s stock valued at $14,687,000 after buying an additional 123,823 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of GMS in the third quarter valued at $4,734,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

GMS stock traded down $0.04 during trading hours on Monday, reaching $49.09. 174,698 shares of the company were exchanged, compared to its average volume of 297,422. GMS has a 12 month low of $40.03 and a 12 month high of $61.79. The company has a current ratio of 2.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.28. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 9.35 and a beta of 1.98. The stock has a 50-day moving average of $51.47 and a 200 day moving average of $52.92.

GMS (NYSE:GMS – Get Rating) last posted its quarterly earnings data on Thursday, March 3rd. The company reported $1.74 earnings per share for the quarter, meeting the consensus estimate of $1.74. GMS had a return on equity of 31.14% and a net margin of 5.39%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the prior year, the business earned $0.60 earnings per share. GMS’s revenue for the quarter was up 53.5% compared to the same quarter last year. As a group, research analysts forecast that GMS will post 7.27 EPS for the current year.

About GMS (Get Rating)

GMS Inc distributes wallboards, suspended ceilings systems, and complementary building 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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