Brokerages Set GMS Inc. (NYSE:GMS) Price Target at $91.50

GMS Inc. (NYSE:GMS) has received a consensus rating of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $91.50.

A number of equities research analysts recently commented on GMS shares. Robert W. Baird raised their price objective on shares of GMS from $96.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. StockNews.com lowered shares of GMS from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Barclays dropped their price objective on shares of GMS from $81.00 to $80.00 and set an “equal weight” rating on the stock in a report on Monday, September 9th. Finally, Truist Financial lowered their price target on shares of GMS from $95.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, August 30th.

GMS Trading Up 2.6 %

Shares of NYSE GMS opened at $101.70 on Friday. GMS has a twelve month low of $65.46 and a twelve month high of $103.56. The company has a quick ratio of 1.45, a current ratio of 2.31 and a debt-to-equity ratio of 0.90. The company’s fifty day moving average is $93.30 and its 200-day moving average is $90.56. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 16.78 and a beta of 1.68.

GMS (NYSE:GMS) last issued its quarterly earnings data on Thursday, August 29th. The company reported $1.93 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.21). GMS had a return on equity of 22.02% and a net margin of 4.45%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the business earned $2.40 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. Equities research analysts predict that GMS will post 7.95 EPS for the current year.

Insider Transactions at GMS

In other news, COO George T. Hendren sold 5,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $102.13, for a total transaction of $510,650.00. Following the transaction, the chief operating officer now directly owns 23,772 shares in the company, valued at $2,427,834.36. The trade was a 17.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GMS. FMR LLC boosted its holdings in shares of GMS by 25.3% during the 3rd quarter. FMR LLC now owns 4,232,170 shares of the company’s stock worth $383,308,000 after buying an additional 854,987 shares during the period. American Century Companies Inc. boosted its holdings in shares of GMS by 28.5% during the 2nd quarter. American Century Companies Inc. now owns 1,830,833 shares of the company’s stock worth $147,583,000 after buying an additional 406,406 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of GMS by 0.4% during the 2nd quarter. Pacer Advisors Inc. now owns 1,474,821 shares of the company’s stock worth $118,885,000 after buying an additional 6,396 shares during the period. Federated Hermes Inc. boosted its holdings in shares of GMS by 0.9% during the 2nd quarter. Federated Hermes Inc. now owns 1,056,053 shares of the company’s stock worth $85,128,000 after buying an additional 9,516 shares during the period. Finally, Westwood Holdings Group Inc. boosted its holdings in shares of GMS by 4.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 739,908 shares of the company’s stock worth $59,644,000 after buying an additional 34,205 shares during the period. 95.28% of the stock is currently owned by institutional investors and hedge funds.

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.