GMS Inc. (NYSE:GMS) Given Average Rating of "Hold" by Brokerages

GMS Inc. (NYSE:GMS - Get Free Report) has earned a consensus rating of "Hold" from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $80.50.

GMS has been the topic of a number of analyst reports. DA Davidson decreased their target price on shares of GMS from $94.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Royal Bank of Canada lowered their price objective on GMS from $82.00 to $65.00 and set a "sector perform" rating for the company in a research report on Friday, March 7th. Loop Capital decreased their price target on GMS from $93.00 to $80.00 and set a "hold" rating on the stock in a research note on Monday, March 10th. UBS Group set a $80.00 price objective on shares of GMS in a research note on Friday, March 7th. Finally, Robert W. Baird cut their price objective 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.

Insider Buying and Selling at GMS

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

Hedge Funds Weigh In On GMS

Hedge funds have recently bought and sold shares of the company. Strs Ohio bought a new position in GMS during the 1st quarter worth approximately $73,000. Intech Investment Management LLC raised its holdings in shares of GMS by 25.5% during the first quarter. Intech Investment Management LLC now owns 36,871 shares of the company's stock worth $2,698,000 after purchasing an additional 7,497 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of GMS by 13.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,464 shares of the company's stock worth $7,863,000 after buying an additional 13,084 shares during the last quarter. Zimmer Partners LP boosted its holdings in shares of GMS by 33.4% in the 1st quarter. Zimmer Partners LP now owns 100,050 shares of the company's stock valued at $7,321,000 after buying an additional 25,050 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in GMS by 105.3% during the first quarter. Goldman Sachs Group Inc. now owns 373,738 shares of the company's stock worth $27,346,000 after acquiring an additional 191,737 shares during the period. 95.28% of the stock is currently owned by institutional investors and hedge funds.

GMS Price Performance

Shares of NYSE GMS traded up $0.79 during trading on Wednesday, hitting $77.96. 334,283 shares of the company were exchanged, compared to its average volume of 394,667. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44. GMS has a 1 year low of $65.77 and a 1 year high of $105.54. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 14.33 and a beta of 1.66. The firm's fifty day moving average price is $73.49 and its 200 day moving average price is $80.88.

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