GMS Inc. (NYSE:GMS) Receives $93.57 Average PT from Analysts

Shares of GMS Inc. (NYSE:GMS) have earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $93.57.

Several analysts recently weighed in on GMS shares. Loop Capital upped their target price on GMS from $85.00 to $93.00 and gave the company a “hold” rating in a report on Monday, November 25th. Truist Financial upped their target price on GMS from $90.00 to $97.00 and gave the company a “hold” rating in a report on Monday, December 9th. Barclays lowered their target price on GMS from $93.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Robert W. Baird lowered their target price on GMS from $115.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, December 6th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $86.00 price objective (up from $78.00) on shares of GMS in a report on Friday, December 6th.

GMS Trading Up 0.3 %

Shares of GMS opened at $79.58 on Monday. The stock’s fifty day simple moving average is $83.41 and its 200 day simple moving average is $89.47. The firm has a market capitalization of $3.09 billion, a P/E ratio of 14.63 and a beta of 1.72. GMS has a twelve month low of $77.14 and a twelve month 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 released its quarterly earnings results on Thursday, December 5th. The company reported $2.02 EPS for the quarter, missing the consensus estimate of $2.26 by ($0.24). GMS had a return on equity of 20.67% and a net margin of 3.92%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the firm posted $2.30 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. On average, equities research analysts forecast that GMS will post 7.26 earnings per share for the current year.

Institutional Investors Weigh In On GMS

Hedge funds have recently bought and sold shares of the company. Intech Investment Management LLC increased its holdings in shares of GMS by 148.8% during the third quarter. Intech Investment Management LLC now owns 16,511 shares of the company’s stock worth $1,495,000 after buying an additional 9,876 shares in the last quarter. Victory Capital Management Inc. boosted its stake in GMS by 6.4% in the third quarter. Victory Capital Management Inc. now owns 101,541 shares of the company’s stock valued at $9,197,000 after acquiring an additional 6,136 shares during the last quarter. Barclays PLC boosted its stake in GMS by 374.0% in the third quarter. Barclays PLC now owns 70,580 shares of the company’s stock valued at $6,392,000 after acquiring an additional 55,690 shares during the last quarter. Vestcor Inc boosted its stake in GMS by 71.5% in the third quarter. Vestcor Inc now owns 14,330 shares of the company’s stock valued at $1,298,000 after acquiring an additional 5,972 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in GMS by 61.1% in the third quarter. Rockefeller Capital Management L.P. now owns 37,359 shares of the company’s stock valued at $3,384,000 after acquiring an additional 14,174 shares during the last quarter. 95.28% of the stock is currently 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.