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

Shares of GMS Inc. (NYSE:GMS - Get Free Report) have received an average recommendation of "Hold" from the nine brokerages that are covering the company, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold rating. The average 1-year price objective among analysts that have covered the stock in the last year is $101.11.

GMS has been the subject of a number of research reports. Robert W. Baird reissued a "neutral" rating and issued a $95.00 price target (up from $93.00) on shares of GMS in a research report on Monday, June 23rd. Truist Financial boosted their price target on shares of GMS from $105.00 to $110.00 and gave the company a "hold" rating in a research report on Tuesday, July 1st. Raymond James Financial cut shares of GMS from an "outperform" rating to a "market perform" rating in a research report on Wednesday, June 25th. Barclays boosted their price target on shares of GMS from $95.00 to $110.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 1st. Finally, Baird R W cut shares of GMS from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 23rd.

GMS Stock Up 0.2%

Shares of GMS stock traded up $0.18 during trading on Thursday, hitting $109.73. 994,117 shares of the stock were exchanged, compared to its average volume of 2,394,637. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 37.97 and a beta of 1.71. The firm's 50-day moving average price is $92.43 and its 200 day moving average price is $82.37. GMS has a 12-month low of $65.77 and a 12-month high of $110.28. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.91 and a quick ratio of 1.17.

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

Insider Transactions at GMS

In other news, major shareholder Coliseum Capital Management, L sold 179,133 shares of the business's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $110.05, for a total transaction 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. The trade was a 4.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO George T. Hendren sold 5,000 shares of the company's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $108.23, for a total transaction of $541,150.00. Following the transaction, the chief operating officer owned 23,950 shares in the company, valued at $2,592,108.50. The trade was a 17.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 343,627 shares of company stock worth $37,808,097. Company insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC lifted its stake in shares of GMS by 51.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 8,116 shares of the company's stock valued at $598,000 after buying an additional 2,753 shares during the period. Principal Financial Group Inc. increased its position in shares of GMS by 1.7% in the first quarter. Principal Financial Group Inc. now owns 224,048 shares of the company's stock worth $16,394,000 after acquiring an additional 3,799 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of GMS during the first quarter valued at about $442,000. Yousif Capital Management LLC lifted its stake in shares of GMS by 1.0% in the first quarter. Yousif Capital Management LLC now owns 15,143 shares of the company's stock worth $1,108,000 after acquiring an additional 147 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in GMS by 38.3% during the 1st quarter. GAMMA Investing LLC now owns 801 shares of the company's stock worth $59,000 after acquiring an additional 222 shares in the last quarter. 95.28% of the stock is currently owned by institutional investors and hedge funds.

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.