GMS Inc. (NYSE:GMS) Given Average Recommendation of “Hold” by Analysts

GMS Inc. (NYSE:GMS) has been assigned an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $93.57.

Several equities research analysts recently commented on GMS shares. Barclays dropped their price objective on shares of GMS from $93.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Loop Capital boosted their price objective on shares of GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a research note on Monday, November 25th. DA Davidson dropped their price objective on shares of GMS from $97.00 to $94.00 and set a “neutral” rating on the stock in a research note on Friday, December 6th. Royal Bank of Canada reissued a “sector perform” rating and set a $86.00 price objective (up previously from $78.00) on shares of GMS in a research note on Friday, December 6th. Finally, Truist Financial boosted their price objective on shares of GMS from $90.00 to $97.00 and gave the stock a “hold” rating in a research note on Monday, December 9th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GMS. FMR LLC raised its holdings in GMS by 38.7% in the fourth quarter. FMR LLC now owns 5,868,782 shares of the company’s stock worth $497,849,000 after buying an additional 1,636,612 shares during the last quarter. Pacer Advisors Inc. purchased a new position in shares of GMS during the fourth quarter valued at approximately $109,277,000. Coliseum Capital Management LLC raised its holdings in shares of GMS by 135.0% during 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 during the last quarter. Granite Investment Partners LLC purchased a new position in shares of GMS during the fourth quarter valued at approximately $11,913,000. Finally, Weiss Asset Management LP purchased a new position in shares of GMS during the third quarter valued at approximately $12,490,000. 95.28% of the stock is owned by hedge funds and other institutional investors.

GMS Trading Up 0.3 %

Shares of GMS opened at $79.58 on Monday. The firm’s 50-day moving average price is $83.29 and its 200-day moving average price is $89.41. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 14.63 and a beta of 1.72. 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 has a 1-year low of $77.14 and a 1-year high of $105.54.

GMS (NYSE:GMS) last announced its earnings results on Thursday, December 5th. The company reported $2.02 earnings per share for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.24). The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.30 EPS. Sell-side analysts anticipate that GMS will post 7.26 EPS for the current year.

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.