Brokerages Set GMS Inc. (NYSE:GMS) PT at $80.50

GMS Inc. (NYSE:GMS - Get Free Report) has earned an average rating of "Hold" from the seven research firms that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $80.50.

GMS has been the topic of a number of research reports. Robert W. Baird reduced their price target on shares of GMS from $110.00 to $93.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. Loop Capital reduced their price objective on shares of GMS from $93.00 to $80.00 and set a "hold" rating on the stock in a research report on Monday, March 10th. Barclays reduced their price target on shares of GMS from $80.00 to $71.00 and set an "equal weight" rating on the stock in a research note on Monday, March 10th. DA Davidson dropped their price objective on GMS from $94.00 to $80.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Finally, UBS Group set a $80.00 price target on GMS in a research report on Friday, March 7th.

GMS Stock Performance

Shares of NYSE GMS traded down $1.82 during midday trading on Friday, hitting $75.63. 320,998 shares of the company's stock traded hands, compared to its average volume of 407,230. The firm has a fifty day moving average of $72.68 and a 200 day moving average of $83.13. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 13.90 and a beta of 1.66. GMS has a 1 year low of $65.77 and a 1 year high of $105.54. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23.

GMS (NYSE:GMS - Get Free Report) last released its earnings results on Thursday, March 6th. The company reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $1.39 by ($0.47). The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.29 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. On average, analysts forecast that GMS will post 7.26 earnings per share for the current year.

Insider Buying and Selling at GMS

In other news, CEO John C. Turner, Jr. acquired 3,650 shares of the company's stock in a transaction dated Monday, April 7th. The shares were acquired at an average price of $70.00 per share, with a total value of $255,500.00. Following the purchase, the chief executive officer now directly owns 66,928 shares of the company's stock, valued at $4,684,960. This trade represents a 5.77% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Theron I. Gilliam sold 12,474 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $73.46, for a total value of $916,340.04. Following the completion of the transaction, the director now directly owns 31,507 shares of the company's stock, valued at $2,314,504.22. The trade was a 28.36% decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On GMS

Institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC grew its holdings in shares of GMS by 374.0% during the third quarter. Barclays PLC now owns 70,580 shares of the company's stock worth $6,392,000 after buying an additional 55,690 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in GMS by 2.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 45,151 shares of the company's stock worth $3,830,000 after purchasing an additional 1,132 shares during the period. Reinhart Partners LLC. lifted its holdings in GMS by 2.3% in the fourth quarter. Reinhart Partners LLC. now owns 541,519 shares of the company's stock valued at $45,937,000 after acquiring an additional 12,099 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of GMS by 42.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 110,304 shares of the company's stock worth $9,357,000 after purchasing an additional 33,123 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of GMS by 4.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 25,943 shares of the company's stock valued at $2,201,000 after acquiring an additional 1,146 shares during the last quarter. Institutional investors and hedge funds 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.