GMS Inc. (NYSE:GMS) Receives Consensus Rating of "Hold" from Analysts

Key Points

• GMS Inc. has received a consensus rating of "Hold" from nine brokerages, with an average price target of $101.11.
• The company reported $1.29 earnings per share for the last quarter, surpassing expectations, although revenue decreased by 5.6% year-over-year.
• Insiders have been active, with COO George T. Hendren selling 5,000 shares at about $108.23, indicating a 17.27% decrease in ownership.

GMS Inc. (NYSE:GMS - Get Free Report) has been assigned an average recommendation of "Hold" from the nine ratings firms that are covering the stock, Marketbeat reports. Nine analysts have rated the stock with a hold rating. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $101.1111.

A number of equities analysts have recently issued reports on GMS shares. Truist Financial raised their target price on shares of GMS from $105.00 to $110.00 and gave the stock a "hold" rating in a research report on Tuesday, July 1st. Stephens lowered shares of GMS from a "strong-buy" rating to a "hold" rating and set a $95.00 target price on the stock. in a research report on Friday, June 27th. Robert W. Baird restated a "neutral" rating and set a $95.00 target price (up from $93.00) on shares of GMS in a research report on Monday, June 23rd. Loop Capital raised their target price on shares of GMS from $95.00 to $110.00 and gave the stock a "hold" rating in a research report on Tuesday, July 1st. Finally, Baird R W lowered shares of GMS from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 23rd.

GMS Stock Down 0.0%

GMS stock traded down $0.0250 during midday trading on Monday, reaching $109.4750. 481,099 shares of the company were exchanged, compared to its average volume of 1,068,025. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.17 and a current ratio of 1.91. GMS has a 1-year low of $65.77 and a 1-year high of $110.28. The stock's 50-day simple moving average is $103.84 and its 200 day simple moving average is $85.43. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 37.88 and a beta of 1.76.

GMS (NYSE:GMS - Get Free Report) last released its quarterly earnings data on Wednesday, June 18th. The company reported $1.29 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.18. The company had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.30 billion. GMS had a net margin of 2.09% and a return on equity of 16.97%. The firm's revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter last year, the company earned $1.93 earnings per share. On average, equities analysts forecast that GMS will post 7.26 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder Coliseum Capital Management, L sold 179,133 shares of GMS stock in a transaction on Monday, July 14th. The shares were sold at an average price of $110.05, for a total value of $19,713,586.65. Following the transaction, the insider directly owned 3,646,018 shares in the company, valued at $401,244,280.90. This trade represents a 4.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO George T. Hendren sold 5,000 shares of GMS stock in a transaction on Monday, June 30th. The shares were sold at an average price of $108.23, for a total transaction of $541,150.00. Following the completion of the transaction, the chief operating officer owned 23,950 shares in the company, valued at approximately $2,592,108.50. This trade represents a 17.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 343,627 shares of company stock worth $37,808,097. 1.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On GMS

Hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in shares of GMS by 271.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 245 shares of the company's stock worth $27,000 after purchasing an additional 179 shares in the last quarter. Blue Trust Inc. boosted its position in shares of GMS by 48.2% during the 2nd quarter. Blue Trust Inc. now owns 283 shares of the company's stock worth $31,000 after purchasing an additional 92 shares in the last quarter. Eukles Asset Management acquired a new position in shares of GMS during the 1st quarter worth $33,000. Canada Pension Plan Investment Board acquired a new position in shares of GMS during the 4th quarter worth $34,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of GMS during the 2nd quarter worth $38,000. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

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.