GMS Inc. (NYSE:GMS) Receives Average Recommendation of “Moderate Buy” from Brokerages

GMS Inc. (NYSE:GMS) has received an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $89.63.

A number of equities research analysts have recently commented on GMS shares. Stephens upped their target price on shares of GMS from $87.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Royal Bank of Canada lifted their price target on shares of GMS from $84.00 to $92.00 and gave the stock a “sector perform” rating in a research note on Friday, March 1st. Truist Financial raised their price objective on shares of GMS from $72.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, March 1st. StockNews.com raised shares of GMS from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 24th. Finally, Barclays boosted their target price on shares of GMS from $75.00 to $93.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 5th.

GMS Price Performance

Shares of GMS opened at $94.15 on Tuesday. The business’s 50-day moving average is $93.44 and its two-hundred day moving average is $80.86. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.47 and a current ratio of 2.40. GMS has a fifty-two week low of $55.88 and a fifty-two week high of $101.04. The company has a market capitalization of $3.75 billion, a P/E ratio of 13.19 and a beta of 1.73.

GMS (NYSE:GMS) last released its earnings results on Thursday, February 29th. The company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.01). The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.27 billion. GMS had a return on equity of 25.65% and a net margin of 5.48%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the business earned $1.85 earnings per share. Research analysts predict that GMS will post 8.36 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO John C. Turner, Jr. sold 6,266 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $97.58, for a total value of $611,436.28. Following the sale, the chief executive officer now directly owns 48,074 shares in the company, valued at approximately $4,691,060.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO John C. Turner, Jr. sold 6,266 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $97.58, for a total transaction of $611,436.28. Following the transaction, the chief executive officer now directly owns 48,074 shares of the company’s stock, valued at $4,691,060.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Craig D. Apolinsky sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $96.57, for a total transaction of $1,931,400.00. Following the transaction, the senior vice president now directly owns 10,360 shares in the company, valued at $1,000,465.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,820 shares of company stock worth $3,561,192. 1.90% of the stock is owned by corporate insiders.

Institutional Trading of GMS

A number of institutional investors and hedge funds have recently modified their holdings of GMS. Dimensional Fund Advisors LP raised its stake in GMS by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,482,066 shares of the company’s stock valued at $204,600,000 after purchasing an additional 14,005 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of GMS by 57.5% in the 4th quarter. Pacer Advisors Inc. now owns 1,250,370 shares of the company’s stock valued at $103,068,000 after purchasing an additional 456,692 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of GMS by 8.1% in the 4th quarter. Federated Hermes Inc. now owns 1,018,642 shares of the company’s stock valued at $83,967,000 after purchasing an additional 76,417 shares during the last quarter. Capital International Investors raised its position in shares of GMS by 15.0% in the 4th quarter. Capital International Investors now owns 611,792 shares of the company’s stock valued at $50,430,000 after acquiring an additional 79,792 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of GMS by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 558,631 shares of the company’s stock valued at $46,048,000 after acquiring an additional 12,637 shares during the period. 95.28% of the stock is currently owned by institutional investors and hedge funds.

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.