DA Davidson Cuts GMS (NYSE:GMS) Price Target to $80.00

GMS (NYSE:GMS) had its target price trimmed by DA Davidson from $94.00 to $80.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a neutral rating on the stock. DA Davidson also issued estimates for GMS’s Q4 2025 earnings at $1.19 EPS.

Several other equities research analysts also recently issued reports on the stock. Barclays decreased their price objective on shares of GMS from $93.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Royal Bank of Canada decreased their price target on shares of GMS from $82.00 to $65.00 and set a “sector perform” rating for the company in a research report on Friday. Robert W. Baird cut their price objective on GMS from $110.00 to $93.00 and set an “outperform” rating on the stock in a research report on Friday. Loop Capital increased their target price on GMS from $85.00 to $93.00 and gave the company a “hold” rating in a research note on Monday, November 25th. Finally, Truist Financial reduced their price target on GMS from $97.00 to $80.00 and set a “hold” rating on the stock in a research report on Friday. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $83.71.

GMS Stock Up 1.7 %

Shares of NYSE GMS opened at $74.17 on Friday. The stock has a market capitalization of $2.88 billion, a PE ratio of 13.63 and a beta of 1.73. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97. The firm has a fifty day moving average of $82.32 and a 200-day moving average of $88.85. GMS has a 52-week low of $65.88 and a 52-week high of $105.54.

GMS (NYSE:GMS) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.47). The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.29 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. On average, analysts anticipate that GMS will post 7.26 EPS for the current year.

Institutional Trading of GMS

Institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its holdings in GMS by 1.8% in the third quarter. Janney Montgomery Scott LLC now owns 24,797 shares of the company’s stock valued at $2,246,000 after buying an additional 428 shares during the last quarter. Meritage Portfolio Management raised its position in shares of GMS by 11.5% during the 3rd quarter. Meritage Portfolio Management now owns 4,747 shares of the company’s stock valued at $430,000 after acquiring an additional 490 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in GMS by 0.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 20,805 shares of the company’s stock worth $1,884,000 after purchasing an additional 113 shares during the last quarter. GSA Capital Partners LLP acquired a new position in GMS in the third quarter worth $245,000. Finally, Victory Capital Management Inc. increased its stake in GMS by 6.4% during the third quarter. Victory Capital Management Inc. now owns 101,541 shares of the company’s stock valued at $9,197,000 after purchasing an additional 6,136 shares during the last quarter. 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.