DA Davidson Issues Pessimistic Forecast for GMS (NYSE:GMS) Stock Price

GMS (NYSE:GMS - Free Report) had its target price lowered by DA Davidson from $94.00 to $80.00 in a research report report published on Friday morning, Marketbeat.com reports. DA Davidson 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 research firms have also issued reports on GMS. Barclays dropped their price objective on GMS from $93.00 to $80.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. Truist Financial dropped their target price on GMS from $97.00 to $80.00 and set a "hold" rating for the company in a research report on Friday. Robert W. Baird decreased their price objective on GMS from $110.00 to $93.00 and set an "outperform" rating on the stock in a report on Friday. Royal Bank of Canada lowered their price target on shares of GMS from $82.00 to $65.00 and set a "sector perform" rating for the company in a report on Friday. Finally, Loop Capital increased their price objective on GMS from $85.00 to $93.00 and gave the stock a "hold" rating in a report on Monday, November 25th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, GMS currently has an average rating of "Hold" and a consensus price target of $80.50.

GMS Stock Performance

Shares of NYSE:GMS traded down $2.59 during midday trading on Friday, reaching $70.17. 206,920 shares of the company traded hands, compared to its average volume of 394,373. GMS has a 12 month low of $65.88 and a 12 month high of $105.54. The firm's fifty day moving average price is $82.08 and its two-hundred day moving average price is $88.71. 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 market capitalization of $2.72 billion, a price-to-earnings ratio of 12.90 and a beta of 1.73.

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GMS (NYSE:GMS - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $1.39 by ($0.47). GMS had a net margin of 3.92% and a return on equity of 20.67%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.29 billion. On average, equities analysts expect that GMS will post 7.26 earnings per share for the current year.

Institutional Trading of GMS

Several hedge funds and other institutional investors have recently made changes to their positions in GMS. Intech Investment Management LLC raised its stake in GMS by 148.8% during the third quarter. Intech Investment Management LLC now owns 16,511 shares of the company's stock valued at $1,495,000 after buying an additional 9,876 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of GMS by 6.4% in the 3rd quarter. Victory Capital Management Inc. now owns 101,541 shares of the company's stock worth $9,197,000 after purchasing an additional 6,136 shares during the last quarter. Barclays PLC raised its position in shares of GMS by 374.0% in the 3rd quarter. Barclays PLC now owns 70,580 shares of the company's stock worth $6,392,000 after purchasing an additional 55,690 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in GMS by 246.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 991 shares of the company's stock worth $84,000 after purchasing an additional 705 shares in the last quarter. Finally, Vestcor Inc grew its position in GMS by 71.5% during the 3rd quarter. Vestcor Inc now owns 14,330 shares of the company's stock valued at $1,298,000 after purchasing an additional 5,972 shares during the last quarter. Hedge funds and other institutional investors own 95.28% of the company's stock.

About GMS

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.