GMS - GMS Stock Forecast, Price & News

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. It also provides steel framing products, such as steel tracks, studs, and various other steel products used to frame the interior walls of a commercial or institutional building; and insulation, lumber and other wood products, ready-mix joint compound, and various other interior construction products, as well as ancillary products comprising tools, fasteners, and safety products. In addition, the company distributes acoustical ceilings, steel framing, insulation, and related building products, as well as commercial and residential building materials. It serves professional contractors and homebuilders. As of April 30, 2022, the company operated 300 branches across 44 states and the District of Columbia, as well as 6 provinces in Canada. It also operates a network of approximately 300 distribution centers. GMS Inc. was founded in 1971 and is headquartered in Tucker, Georgia.

GMS Stock Up 2.1 %

GMS Stock traded up $1.15 during trading on Thursday, reaching $54.73. 117,541 shares of the company's stock were exchanged, compared to its average volume of 258,102. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.27 and a current ratio of 2.06. The company's 50-day moving average is $47.65 and its two-hundred day moving average is $49.38. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 8.78 and a beta of 1.85. GMS has a 52-week low of $36.10 and a 52-week high of $61.79.

GMS (NYSE:GMS - Get Rating) last posted its quarterly earnings data on Thursday, June 23rd. The company reported $2.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.87 by $0.22. GMS had a net margin of 5.90% and a return on equity of 33.76%. During the same period in the previous year, the company posted $1.07 earnings per share. On average, analysts predict that GMS will post 7.7 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GMS. Truist Financial cut their price target on GMS from $65.00 to $50.00 and set a "buy" rating for the company in a report on Friday, June 24th. StockNews.com upgraded GMS from a "buy" rating to a "strong-buy" rating in a report on Monday, June 27th. Royal Bank of Canada downgraded GMS from an "outperform" rating to a "sector perform" rating and dropped their price objective for the stock from $73.00 to $46.00 in a report on Wednesday, June 22nd. Robert W. Baird dropped their price objective on GMS from $68.00 to $55.00 and set an "outperform" rating for the company in a report on Friday, June 24th. Finally, Raymond James restated an "outperform" rating and set a $70.00 price objective (down from $72.00) on shares of GMS in a report on Friday, June 24th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $57.33.

Insider Buying and Selling at GMS

In related news, major shareholder Coliseum Capital Management, L bought 93,897 shares of the business's stock in a transaction dated Wednesday, June 22nd. The shares were acquired at an average price of $38.72 per share, for a total transaction of $3,635,691.84. Following the purchase, the insider now owns 6,031,573 shares in the company, valued at approximately $233,542,506.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.40% of the stock is currently owned by corporate insiders.