Recent Research Analysts’ Ratings Updates for GMS (GMS)

GMS (NYSE: GMS) has recently received a number of price target changes and ratings updates:

• 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.
• 10/16/2024 – GMS had its price target raised by analysts at Robert W. Baird from $96.00 to $115.00. They now have an “outperform” rating on the stock.

GMS Trading Down 0.7 %

GMS stock opened at $97.05 on Monday. GMS Inc. has a 12 month low of $68.13 and a 12 month high of $105.54. The company has a current ratio of 2.31, a quick ratio of 1.45 and a debt-to-equity ratio of 0.90. The business’s fifty day simple moving average is $95.68 and its two-hundred day simple moving average is $90.98. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 17.84 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 analysts’ consensus estimates of $2.26 by ($0.24). GMS had a return on equity of 22.02% and a net margin of 4.45%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the firm posted $2.30 EPS. GMS’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts predict that GMS Inc. will post 7.95 earnings per share for the current fiscal year.

Insider Activity at GMS

In other news, COO George T. Hendren sold 5,000 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $102.13, for a total value of $510,650.00. Following the completion of the sale, the chief operating officer now directly owns 23,772 shares of the company’s stock, valued at $2,427,834.36. This represents a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On GMS

Large investors have recently made changes to their positions in the company. FMR LLC raised its position in GMS by 25.3% during the third quarter. FMR LLC now owns 4,232,170 shares of the company’s stock valued at $383,308,000 after purchasing an additional 854,987 shares during the period. American Century Companies Inc. raised its holdings in GMS by 28.5% during the 2nd quarter. American Century Companies Inc. now owns 1,830,833 shares of the company’s stock valued at $147,583,000 after buying an additional 406,406 shares during the period. Pacer Advisors Inc. lifted its position in GMS by 0.4% in the second quarter. Pacer Advisors Inc. now owns 1,474,821 shares of the company’s stock worth $118,885,000 after buying an additional 6,396 shares during the last quarter. Federated Hermes Inc. boosted its stake in GMS by 0.9% during the second quarter. Federated Hermes Inc. now owns 1,056,053 shares of the company’s stock worth $85,128,000 after buying an additional 9,516 shares during the period. Finally, Westwood Holdings Group Inc. increased its position in GMS by 4.8% during the second quarter. Westwood Holdings Group Inc. now owns 739,908 shares of the company’s stock valued at $59,644,000 after acquiring an additional 34,205 shares during the last quarter. 95.28% of the stock is 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.