GMS Inc (GMS) Receives Average Rating of “Buy” from Brokerages

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GMS Inc (NYSE:GMS) has been given a consensus rating of “Buy” by the twelve brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $35.10.

Several brokerages recently issued reports on GMS. Zacks Investment Research lowered shares of GMS from a “buy” rating to a “hold” rating in a research note on Monday, September 3rd. Nomura raised their price objective on shares of GMS from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, August 31st. ValuEngine downgraded shares of GMS from a “sell” rating to a “strong sell” rating in a report on Thursday, October 4th. Raymond James increased their target price on shares of GMS from $31.00 to $33.00 and gave the company a “buy” rating in a report on Friday, August 31st. Finally, TheStreet downgraded shares of GMS from a “c-” rating to a “d+” rating in a report on Wednesday, October 24th.

In other GMS news, VP Richard Alan Adams bought 3,000 shares of GMS stock in a transaction dated Wednesday, September 5th. The stock was purchased at an average price of $24.14 per share, for a total transaction of $72,420.00. Following the completion of the purchase, the vice president now directly owns 175,000 shares of the company’s stock, valued at $4,224,500. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Lynn Ross bought 2,061 shares of GMS stock in a transaction dated Tuesday, September 4th. The stock was acquired at an average price of $24.26 per share, with a total value of $49,999.86. Following the purchase, the insider now directly owns 2,061 shares of the company’s stock, valued at $49,999.86. The disclosure for this purchase can be found here. Insiders bought 9,211 shares of company stock valued at $222,559 in the last quarter. Corporate insiders own 4.90% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in shares of GMS by 7,451.5% in the third quarter. Victory Capital Management Inc. now owns 760,440 shares of the company’s stock valued at $17,642,000 after acquiring an additional 750,370 shares during the period. Massachusetts Financial Services Co. MA lifted its position in GMS by 48.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,456,275 shares of the company’s stock valued at $33,786,000 after purchasing an additional 472,895 shares during the last quarter. American Century Companies Inc. lifted its position in GMS by 448.5% during the second quarter. American Century Companies Inc. now owns 445,247 shares of the company’s stock valued at $12,062,000 after purchasing an additional 364,076 shares during the last quarter. BlackRock Inc. lifted its position in GMS by 13.7% during the second quarter. BlackRock Inc. now owns 2,176,031 shares of the company’s stock valued at $58,949,000 after purchasing an additional 262,423 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in GMS by 33.8% during the second quarter. Dimensional Fund Advisors LP now owns 891,608 shares of the company’s stock valued at $24,151,000 after purchasing an additional 225,233 shares during the last quarter. Hedge funds and other institutional investors own 76.75% of the company’s stock.

Shares of NYSE:GMS traded down $0.32 during midday trading on Thursday, reaching $17.58. 9,179 shares of the company were exchanged, compared to its average volume of 535,750. GMS has a fifty-two week low of $14.89 and a fifty-two week high of $39.98. The company has a quick ratio of 1.93, a current ratio of 3.08 and a debt-to-equity ratio of 2.05. The firm has a market cap of $726.10 million, a price-to-earnings ratio of 8.76, a PEG ratio of 0.76 and a beta of 2.11.

GMS (NYSE:GMS) last issued its quarterly earnings data on Thursday, August 30th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.09. GMS had a net margin of 2.13% and a return on equity of 15.18%. The business had revenue of $778.10 million for the quarter, compared to analyst estimates of $768.61 million. During the same period last year, the business posted $0.47 earnings per share. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. Research analysts expect that GMS will post 3.3 earnings per share for the current fiscal year.

About GMS

GMS Inc distributes wallboards, suspended ceilings systems, and related construction products in the United States and Canada. The company offers wallboard products; and 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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Analyst Recommendations for GMS (NYSE:GMS)

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