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

GMS (NYSE:GMS - Free Report) had its price objective lowered by DA Davidson from $94.00 to $80.00 in a report published on Friday, Marketbeat.com 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 brokerages have also recently commented on GMS. Robert W. Baird lowered their price target on GMS from $110.00 to $93.00 and set an "outperform" rating for the company in a research note on Friday. Loop Capital boosted their target price on shares of GMS from $85.00 to $93.00 and gave the stock a "hold" rating in a research report on Monday, November 25th. Truist Financial cut their price target on shares of GMS from $97.00 to $80.00 and set a "hold" rating on the stock in a report on Friday. Barclays reduced 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. Finally, Royal Bank of Canada lowered their target price on shares of GMS from $82.00 to $65.00 and set a "sector perform" rating on the stock in a research report on Friday. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, GMS currently has a consensus rating of "Hold" and a consensus price target of $80.50.

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GMS Stock Down 2.7 %

GMS stock traded down $1.96 during midday trading on Friday, reaching $70.79. The company had a trading volume of 480,052 shares, compared to its average volume of 395,404. GMS has a 1 year low of $65.88 and a 1 year high of $105.54. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $2.75 billion, a P/E ratio of 13.01 and a beta of 1.73. The company has a 50 day moving average of $82.08 and a two-hundred day moving average of $88.71.

GMS (NYSE:GMS - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.92 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.47). The company had revenue of $1.26 billion during 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, equities research analysts expect that GMS will post 7.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GMS. Janney Montgomery Scott LLC increased its stake in shares of GMS by 1.8% in the third quarter. Janney Montgomery Scott LLC now owns 24,797 shares of the company's stock worth $2,246,000 after purchasing an additional 428 shares during the period. Meritage Portfolio Management lifted its holdings in shares of GMS by 11.5% during the third quarter. Meritage Portfolio Management now owns 4,747 shares of the company's stock worth $430,000 after buying an additional 490 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of GMS by 0.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 20,805 shares of the company's stock valued at $1,884,000 after acquiring an additional 113 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of GMS in the third quarter worth $245,000. Finally, Victory Capital Management Inc. increased its position in GMS by 6.4% during the third quarter. Victory Capital Management Inc. now owns 101,541 shares of the company's stock worth $9,197,000 after acquiring an additional 6,136 shares during the period. Institutional investors and hedge funds own 95.28% of the company's stock.

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.