GMS (NYSE:GMS) Hits New 12-Month Low – Time to Sell?

GMS Inc. (NYSE:GMS) reached a new 52-week low during 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.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Loop Capital increased their price target on GMS from $85.00 to $93.00 and gave the company a “hold” rating in a report on Monday, November 25th. Robert W. Baird dropped their price target on GMS from $115.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, December 6th. DA Davidson decreased their price target on shares of GMS from $97.00 to $94.00 and set a “neutral” rating on the stock in a research note on Friday, December 6th. Royal Bank of Canada reiterated a “sector perform” rating and set a $86.00 price objective (up previously from $78.00) on shares of GMS in a research report on Friday, December 6th. Finally, Barclays dropped their price target on shares of GMS from $93.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $93.57.

GMS Price Performance

The stock’s 50 day moving average is $83.67 and its two-hundred day moving average is $89.61. 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 stock has a market capitalization of $3.15 billion, a PE ratio of 14.94 and a beta of 1.72.

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

Institutional Investors Weigh In On GMS

A number of large investors have recently modified their holdings of the company. AlphaQuest LLC grew its position in shares of GMS by 1,710.5% in 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 last quarter. Canada Pension Plan Investment Board acquired a new position in shares of GMS in the fourth quarter valued at approximately $34,000. Blue Trust Inc. increased its stake in GMS by 71.3% in 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 boosted its holdings in GMS by 246.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 991 shares of the company’s stock valued at $84,000 after purchasing an additional 705 shares in the last quarter. Finally, KBC Group NV lifted its holdings in 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 acquiring an additional 281 shares during the period. 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.