GMS Inc. (NYSE:GMS) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of GMS Inc. (NYSE:GMS - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $89.63.

Several equities research analysts recently issued reports on GMS shares. StockNews.com raised shares of GMS from a "buy" rating to a "strong-buy" rating in a report on Wednesday, April 24th. Truist Financial increased their price target on GMS from $72.00 to $88.00 and gave the company a "hold" rating in a research note on Friday, March 1st. Barclays boosted their price objective on GMS from $75.00 to $93.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 5th. Royal Bank of Canada increased their target price on GMS from $84.00 to $92.00 and gave the company a "sector perform" rating in a research report on Friday, March 1st. Finally, Robert W. Baird boosted their price target on GMS from $92.00 to $105.00 and gave the stock an "outperform" rating in a report on Friday, March 1st.

Insider Activity

In other GMS news, SVP Craig D. Apolinsky sold 20,000 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $96.57, for a total transaction of $1,931,400.00. Following the completion of the sale, the senior vice president now owns 10,360 shares of the company's stock, valued at approximately $1,000,465.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Craig D. Apolinsky sold 20,000 shares of the business's stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $96.57, for a total value of $1,931,400.00. Following the transaction, the senior vice president now owns 10,360 shares in the company, valued at $1,000,465.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO John C. Turner, Jr. sold 6,266 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $97.58, for a total value of $611,436.28. Following the sale, the chief executive officer now owns 48,074 shares of the company's stock, valued at $4,691,060.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,820 shares of company stock valued at $3,561,192. Company insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On GMS

Institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its holdings in shares of GMS by 131.1% during the fourth quarter. Blue Trust Inc. now owns 372 shares of the company's stock valued at $31,000 after purchasing an additional 211 shares during the period. GAMMA Investing LLC acquired a new position in GMS during the 4th quarter worth approximately $32,000. Hexagon Capital Partners LLC raised its stake in GMS by 233.3% during the 4th quarter. Hexagon Capital Partners LLC now owns 430 shares of the company's stock worth $35,000 after buying an additional 301 shares during the period. TFO Wealth Partners LLC boosted its holdings in GMS by 174,000.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,741 shares of the company's stock worth $144,000 after acquiring an additional 1,740 shares in the last quarter. Finally, CI Investments Inc. acquired a new stake in GMS in the third quarter valued at approximately $155,000. 95.28% of the stock is owned by institutional investors and hedge funds.

GMS Price Performance

Shares of GMS stock traded down $1.62 during trading hours on Tuesday, reaching $92.53. The company's stock had a trading volume of 349,814 shares, compared to its average volume of 353,064. GMS has a fifty-two week low of $55.88 and a fifty-two week high of $101.04. The firm's 50 day simple moving average is $93.54 and its 200-day simple moving average is $81.10. The company has a quick ratio of 1.47, a current ratio of 2.40 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 12.96 and a beta of 1.73.

GMS (NYSE:GMS - Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.01). GMS had a return on equity of 25.65% and a net margin of 5.48%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the company earned $1.85 earnings per share. GMS's quarterly revenue was up 1.9% compared to the same quarter last year. Sell-side analysts forecast that GMS will post 8.36 earnings per share for the current year.

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.