GMS Inc. (NYSE:GMS) Receives $89.63 Consensus PT from Analysts

Shares of GMS Inc. (NYSE:GMS) have received an average rating of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $89.63.

A number of analysts recently weighed in on GMS shares. Royal Bank of Canada reduced their target price on shares of GMS from $92.00 to $85.00 and set a “sector perform” rating for the company in a report on Friday, June 21st. Barclays reduced their price objective on GMS from $81.00 to $80.00 and set an “equal weight” rating for the company in a research note on Monday, September 9th. DA Davidson decreased their target price on GMS from $105.00 to $97.00 and set a “buy” rating on the stock in a report on Tuesday, June 25th. 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, June 21st. Finally, Truist Financial decreased their price target on GMS from $95.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 30th.

GMS Trading Up 0.0 %

Shares of GMS stock opened at $89.95 on Friday. The business has a fifty day simple moving average of $89.29 and a 200-day simple moving average of $90.66. GMS has a fifty-two week low of $56.58 and a fifty-two week high of $101.04. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 13.37 and a beta of 1.67. The company has a quick ratio of 1.45, a current ratio of 2.31 and a debt-to-equity ratio of 0.90.

GMS (NYSE:GMS) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.93 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.21). The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.48 billion. GMS had a net margin of 4.45% and a return on equity of 22.02%. GMS’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.40 earnings per share. On average, equities analysts forecast that GMS will post 7.95 EPS for the current fiscal year.

Insider Activity

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of GMS during the 2nd quarter valued at $2,459,000. Sanctuary Advisors LLC acquired a new stake in GMS during the second quarter valued at $1,692,000. Quarry LP grew its stake in GMS by 37.1% in the second quarter. Quarry LP now owns 403 shares of the company’s stock valued at $32,000 after purchasing an additional 109 shares in the last quarter. Creative Planning increased its position in GMS by 12.9% in the 2nd quarter. Creative Planning now owns 5,721 shares of the company’s stock worth $461,000 after purchasing an additional 653 shares during the last quarter. Finally, Algert Global LLC raised its stake in shares of GMS by 22.8% during the 2nd quarter. Algert Global LLC now owns 151,535 shares of the company’s stock worth $12,215,000 after purchasing an additional 28,137 shares in the last quarter. 95.28% of the stock is owned by hedge funds and other institutional investors.

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.