DA Davidson Cuts GMS (NYSE:GMS) Price Target to $94.00

GMS (NYSE:GMS - Free Report) had its price target trimmed by DA Davidson from $97.00 to $94.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock. DA Davidson also issued estimates for GMS's FY2025 earnings at $7.29 EPS and FY2026 earnings at $7.74 EPS.

A number of other analysts have also recently weighed in on GMS. Royal Bank of Canada reiterated a "sector perform" rating and set a $86.00 price target (up from $78.00) on shares of GMS in a research report on Friday. StockNews.com downgraded shares of GMS from a "buy" rating to a "hold" rating in a report on Monday, September 2nd. Barclays dropped their price objective on shares of GMS from $81.00 to $80.00 and set an "equal weight" rating on the stock in a report on Monday, September 9th. Robert W. Baird reduced their target price on shares of GMS from $115.00 to $110.00 and set an "outperform" rating for the company in a research note on Friday. Finally, Loop Capital raised their price target on shares of GMS from $85.00 to $93.00 and gave the company a "hold" rating in a research note on Monday, November 25th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $93.25.

GMS Stock Down 0.7 %

GMS stock traded down $0.71 during midday trading on Friday, hitting $97.05. 422,927 shares of the stock were exchanged, compared to its average volume of 392,173. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.31 and a quick ratio of 1.45. The company has a 50 day moving average price of $95.68 and a two-hundred day moving average price of $90.99. The firm has a market cap of $3.81 billion, a P/E ratio of 17.84 and a beta of 1.68. GMS has a 1 year low of $68.13 and a 1 year high of $105.54.

GMS (NYSE:GMS - Get Free Report) last posted its quarterly earnings data on Thursday, December 5th. The company reported $2.02 EPS for the quarter, missing analysts' consensus estimates of $2.26 by ($0.24). GMS had a net margin of 4.45% and a return on equity of 22.02%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the company earned $2.30 earnings per share. The company's revenue was up 3.5% compared to the same quarter last year. On average, sell-side analysts predict that GMS will post 7.95 earnings per share for the current fiscal year.

Insider Activity

In other news, COO George T. Hendren sold 5,000 shares of the company's stock in a transaction on Monday, November 11th. The stock was 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 owns 23,772 shares in the company, valued at $2,427,834.36. This represents a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On GMS

Several hedge funds and other institutional investors have recently bought and sold shares of GMS. Vestcor Inc lifted its position in shares of 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 acquiring an additional 5,972 shares during the last quarter. Barclays PLC grew its holdings 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 acquiring an additional 55,690 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of GMS by 16.1% during the third quarter. Public Employees Retirement System of Ohio now owns 42,901 shares of the company's stock worth $3,886,000 after purchasing an additional 5,936 shares during the period. XTX Topco Ltd purchased a new stake in shares of GMS during the third quarter valued at $1,437,000. Finally, Weiss Asset Management LP acquired a new position in shares of GMS in the 3rd quarter valued at $12,490,000. 95.28% of the stock is currently owned by institutional investors.

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.