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

GMS Inc. (NYSE:GMS) has received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $80.50.

Several brokerages recently issued reports on GMS. Robert W. Baird cut their target price on GMS from $110.00 to $93.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Truist Financial reduced their target price on shares of GMS from $97.00 to $80.00 and set a “hold” rating for the company in a research note on Friday, March 7th. DA Davidson dropped their price target 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. Barclays reduced their price objective on shares of GMS from $80.00 to $71.00 and set an “equal weight” rating for the company in a research report on Monday, March 10th. Finally, UBS Group set a $80.00 target price on shares of GMS in a research report on Friday, March 7th.

GMS Stock Performance

GMS opened at $72.93 on Tuesday. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 13.41 and a beta of 1.62. The company’s fifty day moving average price is $76.08 and its two-hundred day moving average price is $85.79. GMS has a 1-year low of $65.77 and a 1-year high of $105.54. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97.

GMS (NYSE:GMS) last posted its earnings results on Thursday, March 6th. The company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.47). The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.29 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. On average, analysts expect that GMS will post 7.26 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO John C. Turner, Jr. acquired 3,650 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average cost of $70.00 per share, for a total transaction of $255,500.00. Following the purchase, the chief executive officer now owns 66,928 shares in the company, valued at $4,684,960. This trade represents a 5.77 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Theron I. Gilliam sold 12,474 shares of GMS stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $73.46, for a total value of $916,340.04. Following the transaction, the director now directly owns 31,507 shares of the company’s stock, valued at $2,314,504.22. The trade was a 28.36 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GMS. FMR LLC increased its stake in GMS by 38.7% in the 4th quarter. FMR LLC now owns 5,868,782 shares of the company’s stock worth $497,849,000 after acquiring an additional 1,636,612 shares during the last quarter. Pacer Advisors Inc. bought a new position in shares of GMS in the fourth quarter worth approximately $109,277,000. Coliseum Capital Management LLC raised its stake in GMS by 135.0% in the fourth quarter. Coliseum Capital Management LLC now owns 1,889,489 shares of the company’s stock valued at $160,285,000 after purchasing an additional 1,085,551 shares in the last quarter. Granite Investment Partners LLC bought a new stake in GMS during the fourth quarter valued at approximately $11,913,000. Finally, Reinhart Partners LLC. grew its stake in GMS by 17.5% in the 1st quarter. Reinhart Partners LLC. now owns 636,235 shares of the company’s stock worth $46,553,000 after buying an additional 94,716 shares in the last quarter. 95.28% of the stock is owned by institutional investors.

About GMS

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.