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

Shares of GMS Inc. (NYSE:GMS) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $89.75.

GMS has been the subject of a number of recent analyst reports. DA Davidson decreased their target price on GMS from $105.00 to $97.00 and set a “buy” rating for the company in a research report on Tuesday, June 25th. Loop Capital lowered their target price on shares of GMS from $100.00 to $85.00 and set a “hold” rating on the stock in a research note on Friday, June 21st. Stephens dropped their target price on shares of GMS from $112.00 to $95.00 and set an “overweight” rating on the stock in a report on Monday, July 1st. Barclays decreased their price target on shares of GMS from $93.00 to $81.00 and set an “equal weight” rating for the company in a report on Friday, June 21st. Finally, StockNews.com downgraded GMS from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd.

GMS Stock Up 0.7 %

GMS stock opened at $83.00 on Monday. The firm has a market cap of $3.29 billion, a PE ratio of 12.33 and a beta of 1.67. GMS has a 1 year low of $56.58 and a 1 year high of $101.04. The company has a fifty day simple moving average of $88.25 and a 200 day simple moving average of $90.95. The company has a current ratio of 2.31, a quick ratio of 1.40 and a debt-to-equity ratio of 0.90.

GMS (NYSE:GMS) last announced 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 company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.48 billion. GMS had a return on equity of 22.02% and a net margin of 4.45%. GMS’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.40 EPS. Sell-side analysts anticipate that GMS will post 8.09 EPS for the current fiscal year.

Insider Activity

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

Institutional Trading of GMS

Hedge funds have recently modified their holdings of the company. Blue Trust Inc. raised its stake in shares of GMS by 86.4% in the second quarter. Blue Trust Inc. now owns 369 shares of the company’s stock valued at $30,000 after purchasing an additional 171 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of GMS in the 4th quarter valued at $32,000. Quarry LP lifted its holdings in shares of GMS by 37.1% during the 2nd quarter. Quarry LP now owns 403 shares of the company’s stock worth $32,000 after acquiring an additional 109 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of GMS during the 1st quarter valued at about $77,000. Finally, Canada Pension Plan Investment Board bought a new stake in GMS in the second quarter valued at about $121,000. Institutional investors own 95.28% of the company’s stock.

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.