GMS (NYSE:GMS) Hits New 12-Month Low – Should You Sell?

GMS Inc. (NYSE:GMS)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $76.64 and last traded at $76.84, with a volume of 7644 shares. The stock had previously closed at $78.46.

Analyst Ratings Changes

Several research firms have weighed in on GMS. Royal Bank of Canada reissued a “sector perform” rating and issued a $86.00 target price (up previously from $78.00) on shares of GMS in a report on Friday, December 6th. Barclays lowered their target price on GMS from $93.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Robert W. Baird lowered their target price on GMS from $115.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, December 6th. DA Davidson decreased their price objective on GMS from $97.00 to $94.00 and set a “neutral” rating on the stock in a research note on Friday, December 6th. Finally, Truist Financial increased their price objective on GMS from $90.00 to $97.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $93.57.

GMS Price Performance

The company has a 50-day moving average of $83.13 and a two-hundred day moving average of $89.30. The stock has a market capitalization of $2.98 billion, a PE ratio of 14.11 and a beta of 1.72. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44.

GMS (NYSE:GMS) last released 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). The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.30 earnings per share. Sell-side analysts predict that GMS Inc. will post 7.26 EPS for the current fiscal year.

Hedge Funds Weigh In On GMS

Large investors have recently modified their holdings of the company. AlphaQuest LLC raised its holdings in shares of GMS by 1,710.5% during the 4th quarter. AlphaQuest LLC now owns 344 shares of the company’s stock valued at $29,000 after buying an additional 325 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of GMS during the 4th quarter valued at about $34,000. Blue Trust Inc. raised its holdings in shares of GMS by 71.3% during the 4th 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 period. Smartleaf Asset Management LLC raised its holdings in shares of GMS by 246.5% during the 4th 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 period. Finally, KBC Group NV raised its holdings in shares of GMS by 31.9% during the 3rd 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 period. 95.28% of the stock is currently 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.