DA Davidson Has Lowered Expectations for GMS (NYSE:GMS) Stock Price

GMS (NYSE:GMS) had its price objective lowered by DA Davidson from $97.00 to $94.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock. DA Davidson also issued estimates for GMS’s FY2025 earnings at $7.29 EPS and FY2026 earnings at $7.74 EPS.

A number of other equities research analysts also recently commented on GMS. Loop Capital raised their target price on GMS from $85.00 to $93.00 and gave the company a “hold” rating in a report on Monday, November 25th. Robert W. Baird dropped their price target on GMS from $115.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday. Truist Financial dropped their price target on GMS from $95.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Royal Bank of Canada restated a “sector perform” rating and issued a $86.00 price target (up previously from $78.00) on shares of GMS in a research report on Friday. Finally, StockNews.com cut GMS from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, GMS presently has an average rating of “Hold” and a consensus target price of $93.25.

GMS Price Performance

Shares of NYSE GMS opened at $97.05 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.31 and a quick ratio of 1.45. The stock has a fifty day moving average price of $95.68 and a 200 day moving average price of $90.98. GMS has a 1-year low of $68.13 and a 1-year high of $105.54. The company has a market cap of $3.81 billion, a PE ratio of 17.84 and a beta of 1.68.

GMS (NYSE:GMS) last released its earnings results on Thursday, December 5th. The company reported $2.02 EPS for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.24). GMS had a net margin of 4.45% and a return on equity of 22.02%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the business posted $2.30 EPS. GMS’s revenue was up 3.5% compared to the same quarter last year. Sell-side analysts forecast that GMS will post 7.95 EPS for the current year.

Insider Buying and Selling

In other GMS news, COO George T. Hendren sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $102.13, for a total value of $510,650.00. Following the sale, the chief operating officer now directly owns 23,772 shares of the company’s stock, valued at approximately $2,427,834.36. This trade represents a 17.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.90% of the stock is currently owned by company insiders.

Institutional Trading of GMS

A number of hedge funds have recently added to or reduced their stakes in GMS. Blue Trust Inc. boosted its stake in GMS by 86.4% in the 2nd quarter. Blue Trust Inc. now owns 369 shares of the company’s stock worth $30,000 after buying an additional 171 shares during the last quarter. Quarry LP lifted its stake in shares of GMS by 37.1% in the 2nd quarter. Quarry LP now owns 403 shares of the company’s stock valued at $32,000 after purchasing an additional 109 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of GMS by 138.8% in the 3rd quarter. GAMMA Investing LLC now owns 621 shares of the company’s stock valued at $56,000 after purchasing an additional 361 shares in the last quarter. KBC Group NV lifted its stake in shares of GMS by 31.9% in the 3rd quarter. KBC Group NV now owns 1,162 shares of the company’s stock valued at $105,000 after purchasing an additional 281 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of GMS in the 2nd quarter valued at about $121,000. 95.28% of the stock is 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.