GMS Inc. (NYSE:GMS) Given Consensus Rating of “Moderate Buy” by Analysts

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

A number of brokerages have recently weighed in on GMS. Barclays lifted their price objective on GMS from $75.00 to $93.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 5th. StockNews.com lowered shares of GMS from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 16th. Robert W. Baird upped their target price on shares of GMS from $92.00 to $105.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Stephens raised their price target on shares of GMS from $87.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Finally, Truist Financial upped their price objective on GMS from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, March 1st.

Insider Buying and Selling

In other GMS news, COO George T. Hendren sold 10,554 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $96.49, for a total value of $1,018,355.46. Following the sale, the chief operating officer now directly owns 23,261 shares in the company, valued at $2,244,453.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, SVP Craig D. Apolinsky sold 20,000 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $96.57, for a total value of $1,931,400.00. Following the completion of the transaction, the senior vice president now owns 10,360 shares in the company, valued at approximately $1,000,465.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO George T. Hendren sold 10,554 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $96.49, for a total transaction of $1,018,355.46. Following the completion of the transaction, the chief operating officer now directly owns 23,261 shares in the company, valued at $2,244,453.89. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,820 shares of company stock worth $3,561,192. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On GMS

Several large investors have recently bought and sold shares of GMS. Dimensional Fund Advisors LP increased its holdings in shares of GMS by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,482,066 shares of the company’s stock valued at $204,600,000 after acquiring an additional 14,005 shares during the period. Pacer Advisors Inc. increased its stake in GMS by 57.5% in the fourth 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 period. Federated Hermes Inc. raised its holdings in shares of GMS by 8.1% in the fourth quarter. Federated Hermes Inc. now owns 1,018,642 shares of the company’s stock valued at $83,967,000 after buying an additional 76,417 shares during the last quarter. Westwood Holdings Group Inc. purchased a new stake in shares of GMS in the first quarter valued at about $68,693,000. Finally, Capital International Investors boosted its stake in shares of GMS by 15.0% during the fourth quarter. Capital International Investors now owns 611,792 shares of the company’s stock worth $50,430,000 after buying an additional 79,792 shares during the period. Institutional investors and hedge funds own 95.28% of the company’s stock.

GMS Stock Up 1.3 %

Shares of NYSE:GMS opened at $95.26 on Friday. The business has a 50-day moving average price of $94.97 and a 200 day moving average price of $85.03. GMS has a 12-month low of $56.58 and a 12-month high of $101.04. The company has a current ratio of 2.40, a quick ratio of 1.47 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 13.34 and a beta of 1.71.

GMS (NYSE:GMS) last issued its quarterly earnings data on Thursday, February 29th. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.01). GMS had a return on equity of 25.65% and a net margin of 5.48%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the company posted $1.85 earnings per share. The business’s revenue was up 1.9% compared to the same quarter last year. Sell-side analysts expect that GMS will post 8.36 EPS for the current year.

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.