Analysts’ Recent Ratings Changes for GMS (GMS)

A number of firms have modified their ratings and price targets on shares of GMS (NYSE: GMS) recently:

• 12/9/2024 – GMS had its price target raised by analysts at Truist Financial Co. from $90.00 to $97.00. They now have a “hold” rating on the stock.
• 12/6/2024 – GMS had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $86.00 price target on the stock, up previously from $78.00.
• 12/6/2024 – GMS had its price target lowered by analysts at Robert W. Baird from $115.00 to $110.00. They now have an “outperform” rating on the stock.
• 12/6/2024 – GMS had its price target lowered by analysts at DA Davidson from $97.00 to $94.00. They now have a “neutral” rating on the stock.
• 12/6/2024 – GMS had its price target raised by analysts at Barclays PLC from $80.00 to $93.00. They now have an “equal weight” rating on the stock.
• 11/26/2024 – GMS was downgraded by analysts at DA Davidson from a “buy” rating to a “neutral” rating. They now have a $97.00 price target on the stock.
• 11/25/2024 – GMS had its price target raised by analysts at Loop Capital from $85.00 to $93.00. They now have a “hold” rating on the stock.

GMS Trading Down 1.8 %

Shares of GMS stock traded down $1.55 during mid-day trading on Friday, reaching $84.84. The company’s stock had a trading volume of 282,709 shares, compared to its average volume of 391,701. The company’s 50 day simple moving average is $94.96 and its 200-day simple moving average is $90.69. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97. GMS Inc. has a 12-month low of $77.01 and a 12-month high of $105.54. The firm has a market capitalization of $3.29 billion, a PE ratio of 15.60 and a beta of 1.68.

GMS (NYSE:GMS) last issued its earnings results on Thursday, December 5th. The company reported $2.02 earnings per share for the quarter, missing the consensus estimate of $2.26 by ($0.24). The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. GMS’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.30 EPS. On average, research analysts predict that GMS Inc. will post 7.41 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO George T. Hendren sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $102.13, for a total transaction of $510,650.00. Following the completion of the transaction, the chief operating officer now directly owns 23,772 shares of the company’s stock, valued at approximately $2,427,834.36. This represents a 17.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Institutional Trading of GMS

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC boosted its holdings in shares of GMS by 25.3% in the third quarter. FMR LLC now owns 4,232,170 shares of the company’s stock worth $383,308,000 after buying an additional 854,987 shares during the period. American Century Companies Inc. boosted its stake in GMS by 28.5% in the 2nd quarter. American Century Companies Inc. now owns 1,830,833 shares of the company’s stock worth $147,583,000 after purchasing an additional 406,406 shares during the period. LSV Asset Management grew its position in GMS by 103.0% during the 2nd quarter. LSV Asset Management now owns 690,820 shares of the company’s stock worth $55,687,000 after purchasing an additional 350,478 shares in the last quarter. Weiss Asset Management LP acquired a new stake in GMS during the 3rd quarter valued at $12,490,000. Finally, Verition Fund Management LLC raised its stake in GMS by 48.3% during the 3rd quarter. Verition Fund Management LLC now owns 340,388 shares of the company’s stock valued at $30,829,000 after purchasing an additional 110,876 shares during the period. 95.28% of the stock is currently owned by institutional investors.

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.