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

Shares of GMS Inc. (NYSE:GMS) have earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $93.57.

Several equities research analysts recently weighed in on GMS shares. Robert W. Baird dropped their price objective on shares of GMS from $115.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, December 6th. DA Davidson dropped their price target on GMS from $97.00 to $94.00 and set a “neutral” rating on the stock in a research report on Friday, December 6th. Loop Capital upped their price objective on GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a research note on Monday, November 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $86.00 target price (up from $78.00) on shares of GMS in a research report on Friday, December 6th. Finally, Barclays reduced their price target on shares of GMS from $93.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th.

Insiders Place Their Bets

In other news, COO George T. Hendren sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $102.13, for a total value of $510,650.00. Following the completion of the sale, the chief operating officer now directly owns 23,772 shares of the company’s stock, valued at approximately $2,427,834.36. This represents a 17.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GMS. Quarry LP increased its position in shares of GMS by 37.1% during the 2nd quarter. Quarry LP now owns 403 shares of the company’s stock valued at $32,000 after purchasing an additional 109 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in GMS by 0.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 20,805 shares of the company’s stock valued at $1,884,000 after buying an additional 113 shares in the last quarter. Inspire Investing LLC grew its holdings in GMS by 2.9% during the fourth quarter. Inspire Investing LLC now owns 4,716 shares of the company’s stock worth $400,000 after acquiring an additional 134 shares during the period. Foundry Partners LLC raised its position in GMS by 6.2% in the third quarter. Foundry Partners LLC now owns 3,964 shares of the company’s stock worth $359,000 after acquiring an additional 232 shares in the last quarter. Finally, KBC Group NV lifted its holdings in GMS by 31.9% in the 3rd quarter. KBC Group NV now owns 1,162 shares of the company’s stock valued at $105,000 after acquiring an additional 281 shares during the last quarter. Institutional investors and hedge funds own 95.28% of the company’s stock.

GMS Price Performance

Shares of NYSE GMS opened at $84.24 on Thursday. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 15.49 and a beta of 1.72. GMS has a twelve month low of $77.29 and a twelve month high of $105.54. The business has a 50 day simple moving average of $87.60 and a 200-day simple moving average of $90.47.

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