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

GMS Inc. (NYSE:GMS - Get Free Report) has been assigned an average rating of "Hold" from the nine brokerages that are covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $90.58.

A number of analysts have recently commented on GMS shares. DA Davidson raised shares of GMS from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 20th. Stephens cut GMS from a "strong-buy" rating to a "hold" rating and set a $95.00 price objective on the stock. in a report on Friday. Raymond James Financial cut GMS from an "outperform" rating to a "market perform" rating in a report on Wednesday. UBS Group set a $80.00 target price on GMS in a report on Friday, March 7th. Finally, Barclays lifted their price target on GMS from $71.00 to $95.00 and gave the stock an "equal weight" rating in a research note on Friday, June 20th.

GMS Price Performance

GMS traded down $1.00 during trading on Friday, hitting $97.54. The company's stock had a trading volume of 1,306,822 shares, compared to its average volume of 442,938. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 33.75 and a beta of 1.62. GMS has a twelve month low of $65.77 and a twelve month high of $105.54. The business's fifty day simple moving average is $78.22 and its 200 day simple moving average is $79.10. The company has a current ratio of 1.91, a quick ratio of 1.17 and a debt-to-equity ratio of 0.85.

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

Insider Transactions at GMS

In related news, CEO John C. Turner, Jr. acquired 3,650 shares of the stock in a transaction on Monday, April 7th. The shares were bought 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 owns 66,928 shares of the company's stock, valued at approximately $4,684,960. This represents a 5.77% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Theron I. Gilliam sold 12,474 shares of the company's stock in a transaction 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 approximately $2,314,504.22. The trade was a 28.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On GMS

A number of hedge funds have recently modified their holdings of GMS. AlphaQuest LLC raised its stake in GMS by 1,710.5% during the fourth quarter. AlphaQuest LLC now owns 344 shares of the company's stock worth $29,000 after purchasing an additional 325 shares during the period. Eukles Asset Management acquired a new stake in shares of GMS during the 1st quarter worth approximately $33,000. Canada Pension Plan Investment Board purchased a new stake in shares of GMS during the 4th quarter valued at approximately $34,000. Brooklyn Investment Group acquired a new position in GMS in the first quarter valued at approximately $47,000. Finally, Versant Capital Management Inc lifted its holdings in GMS by 170.5% in the first quarter. Versant Capital Management Inc now owns 706 shares of the company's stock valued at $52,000 after acquiring an additional 445 shares during the last quarter. Hedge funds and other institutional investors 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.