GMS (NYSE:GMS) Sets New 1-Year Low – Time to Sell?

GMS Inc. (NYSE:GMS)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock 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.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GMS shares. Barclays cut their price target 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 reduced their target price on GMS from $97.00 to $94.00 and set a “neutral” rating for the company in a report on Friday, December 6th. Robert W. Baird decreased their price target on GMS from $115.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, December 6th. Loop Capital boosted their price objective 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. Finally, Truist Financial increased their target price on shares of GMS from $90.00 to $97.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $93.57.

GMS Trading Down 0.3 %

The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23. The firm has a market cap of $3.03 billion, a PE ratio of 14.33 and a beta of 1.72. The stock’s 50 day simple moving average is $84.08 and its 200 day simple moving average is $89.73.

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

Hedge Funds Weigh In On GMS

Large investors have recently modified their holdings of the company. AlphaQuest LLC grew its position in GMS by 1,710.5% during the fourth quarter. AlphaQuest LLC now owns 344 shares of the company’s stock valued at $29,000 after acquiring an additional 325 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of GMS during the 4th quarter valued at $34,000. Blue Trust Inc. raised its position in GMS by 71.3% in the 4th quarter. Blue Trust Inc. now owns 685 shares of the company’s stock worth $62,000 after purchasing an additional 285 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of GMS by 246.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company’s stock worth $84,000 after buying an additional 705 shares during the period. Finally, KBC Group NV grew its holdings in shares of GMS by 31.9% in the third quarter. KBC Group NV now owns 1,162 shares of the company’s stock worth $105,000 after purchasing an additional 281 shares during the last quarter. 95.28% of the stock is owned by hedge funds and other institutional investors.

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.