GMS Inc. (NYSE:GMS – Get Rating) has been given a consensus recommendation of "Moderate Buy" by the seven ratings firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $56.67.
A number of equities analysts have recently weighed in on the company. Royal Bank of Canada downgraded GMS from an "outperform" rating to a "sector perform" rating and dropped their target price for the company from $73.00 to $46.00 in a report on Wednesday, June 22nd. Raymond James reissued an "outperform" rating and issued a $70.00 price target (down previously from $72.00) on shares of GMS in a research note on Friday, June 24th. StockNews.com raised GMS from a "buy" rating to a "strong-buy" rating in a research note on Monday, June 27th. Truist Financial cut GMS from a "buy" rating to a "hold" rating and lowered their price target for the company from $50.00 to $46.00 in a research note on Wednesday. Finally, Robert W. Baird lowered their price target on GMS from $68.00 to $55.00 and set an "outperform" rating for the company in a research note on Friday, June 24th.
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Insider Activity
In other GMS news, major shareholder Coliseum Capital Management, L acquired 93,897 shares of GMS stock in a transaction dated Wednesday, June 22nd. The stock was bought at an average cost of $38.72 per share, with a total value of $3,635,691.84. Following the completion of the transaction, the insider now owns 6,031,573 shares of the company's stock, valued at $233,542,506.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of GMS. Advisor Group Holdings Inc. raised its stake in shares of GMS by 50.9% in the fourth quarter. Advisor Group Holdings Inc. now owns 10,183 shares of the company's stock valued at $612,000 after purchasing an additional 3,435 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in GMS by 56.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 23,501 shares of the company's stock worth $1,413,000 after acquiring an additional 8,525 shares in the last quarter. First Trust Advisors LP raised its stake in GMS by 17.3% during the fourth quarter. First Trust Advisors LP now owns 82,397 shares of the company's stock worth $4,953,000 after acquiring an additional 12,130 shares in the last quarter. Raymond James & Associates raised its stake in GMS by 3.1% during the fourth quarter. Raymond James & Associates now owns 29,560 shares of the company's stock worth $1,777,000 after acquiring an additional 901 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in GMS by 261.3% during the fourth quarter. Bank of America Corp DE now owns 71,302 shares of the company's stock worth $4,285,000 after acquiring an additional 51,568 shares in the last quarter. 98.94% of the stock is currently owned by institutional investors and hedge funds.
GMS Price Performance
NYSE GMS opened at $45.21 on Thursday. The company has a market cap of $1.92 billion, a PE ratio of 6.54 and a beta of 1.85. GMS has a 1 year low of $36.10 and a 1 year high of $61.79. The company has a current ratio of 2.30, a quick ratio of 1.43 and a debt-to-equity ratio of 1.05. The stock's 50-day moving average price is $49.61 and its two-hundred day moving average price is $49.17.
GMS (NYSE:GMS – Get Rating) last issued its earnings results on Thursday, September 1st. The company reported $2.43 earnings per share for the quarter, beating analysts' consensus estimates of $2.25 by $0.18. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. GMS had a return on equity of 34.71% and a net margin of 6.09%. The firm's quarterly revenue was up 30.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.67 EPS. On average, analysts predict that GMS will post 7.81 EPS for the current year.
GMS Company Profile
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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.
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