DA Davidson Has Lowered Expectations for GMS (NYSE:GMS) Stock Price

GMS (NYSE:GMS) had its target price lowered by equities research analysts at DA Davidson from $94.00 to $80.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s price target indicates a potential upside of 7.86% from the company’s current price. DA Davidson also issued estimates for GMS’s Q4 2025 earnings at $1.19 EPS.

GMS has been the subject of several other reports. Barclays decreased their price target on shares of GMS from $93.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Truist Financial lowered 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. Robert W. Baird cut their price objective on GMS from $110.00 to $93.00 and set an “outperform” rating for the company in a report on Friday. Royal Bank of Canada reduced their price objective on GMS from $82.00 to $65.00 and set a “sector perform” rating for the company in a research report on Friday. Finally, Loop Capital upped their target price on GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a research report on Monday, November 25th. Six equities research 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 stock has a consensus rating of “Hold” and a consensus price target of $83.71.

GMS Trading Up 1.7 %

NYSE:GMS opened at $74.17 on Friday. The business has a 50 day simple moving average of $82.32 and a 200 day simple moving average of $88.88. The firm has a market capitalization of $2.88 billion, a P/E ratio of 13.63 and a beta of 1.73. 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 has a 12-month low of $65.88 and a 12-month high of $105.54.

GMS (NYSE:GMS) last announced its earnings results on Thursday, March 6th. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.47). The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.29 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. Equities research analysts predict that GMS will post 7.26 EPS for the current year.

Institutional Trading of GMS

Large investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its position in GMS by 1.8% during 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 GMS by 11.5% during the 3rd quarter. Meritage Portfolio Management now owns 4,747 shares of the company’s stock valued at $430,000 after purchasing an additional 490 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake 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 worth $1,884,000 after acquiring an additional 113 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of GMS during the third quarter worth approximately $245,000. Finally, Victory Capital Management Inc. increased its holdings in shares of GMS by 6.4% in the third quarter. Victory Capital Management Inc. now owns 101,541 shares of the company’s stock valued at $9,197,000 after purchasing an additional 6,136 shares in the last quarter. Institutional investors 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.