GMS (NYSE:GMS) Hits New 52-Week Low - What's Next?

GMS Inc. (NYSE:GMS - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $77.14 and last traded at $77.28, with a volume of 23721 shares traded. The stock had previously closed at $78.17.

Wall Street Analysts Forecast Growth

GMS has been the subject of a number of research reports. Royal Bank of Canada reiterated a "sector perform" rating and set a $86.00 price objective (up from $78.00) on shares of GMS in a report on Friday, December 6th. Barclays decreased their price objective on GMS from $93.00 to $80.00 and set an "equal weight" rating for the company in a report on Thursday, January 16th. DA Davidson decreased their price objective on GMS from $97.00 to $94.00 and set a "neutral" rating for the company in a report on Friday, December 6th. 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. Finally, Robert W. Baird decreased their price objective on GMS from $115.00 to $110.00 and set an "outperform" rating for the company in a report on Friday, December 6th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $93.57.

GMS Stock Down 0.6 %

The firm has a 50-day moving average of $83.54 and a 200 day moving average of $89.54. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 14.58 and a beta of 1.72.

GMS (NYSE:GMS - Get Free Report) last issued its quarterly earnings results on Thursday, December 5th. The company reported $2.02 EPS for the quarter, missing the consensus estimate of $2.26 by ($0.24). GMS had a net margin of 3.92% and a return on equity of 20.67%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the company posted $2.30 earnings per share. The business's revenue for the quarter was up 3.5% on a year-over-year basis. As a group, sell-side analysts forecast that GMS Inc. will post 7.26 earnings per share for the current fiscal year.

Institutional Trading of GMS

Hedge funds have recently made changes to their positions in the business. AlphaQuest LLC lifted its position in shares of GMS by 1,710.5% in the fourth quarter. AlphaQuest LLC now owns 344 shares of the company's stock valued at $29,000 after buying an additional 325 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of GMS in the fourth quarter valued at approximately $34,000. Blue Trust Inc. lifted its position in shares of GMS by 71.3% in the fourth quarter. Blue Trust Inc. now owns 685 shares of the company's stock valued at $62,000 after buying an additional 285 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of GMS by 246.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company's stock valued at $84,000 after buying an additional 705 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of GMS by 31.9% in the third quarter. KBC Group NV now owns 1,162 shares of the company's stock valued at $105,000 after buying an additional 281 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.