GMS (NYSE:GMS) Hits New 52-Week Low – Time to Sell?

Shares of GMS Inc. (NYSE:GMS) reached a new 52-week low on Thursday . The stock traded as low as $70.00 and last traded at $83.85, with a volume of 196 shares traded. The stock had previously closed at $83.85.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Truist Financial lifted their price target on shares of GMS from $90.00 to $97.00 and gave the company a “hold” rating in a research note on Monday, December 9th. 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. Loop Capital boosted their price objective on GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a research report on Monday, November 25th. Robert W. Baird cut their price target on shares of GMS from $115.00 to $110.00 and set an “outperform” rating on the stock in a 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 on the stock in a research report 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $93.57.

GMS Price Performance

The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $3.25 billion, a P/E ratio of 15.37 and a beta of 1.72. The stock has a 50 day moving average of $85.91 and a 200-day moving average of $90.18.

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 the consensus estimate of $2.26 by ($0.24). The company had revenue of $1.47 billion for 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 was up 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.30 EPS. On average, equities research analysts anticipate that GMS Inc. will post 7.26 earnings per share for the current fiscal year.

Institutional Trading of GMS

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning grew its holdings in shares of GMS by 12.9% during the second quarter. Creative Planning now owns 5,721 shares of the company’s stock worth $461,000 after buying an additional 653 shares during the last quarter. GAMMA Investing LLC lifted its stake in GMS by 138.8% in the 3rd quarter. GAMMA Investing LLC now owns 621 shares of the company’s stock valued at $56,000 after buying an additional 361 shares in the last quarter. Inspire Investing LLC raised its holdings in shares of GMS by 4.0% in the third quarter. Inspire Investing LLC now owns 4,582 shares of the company’s stock worth $415,000 after acquiring an additional 176 shares during the last quarter. ZWJ Investment Counsel Inc. acquired a new position in GMS in the 3rd quarter valued at about $219,000. Finally, Jade Capital Advisors LLC purchased a new stake in shares of GMS during the 3rd quarter valued at $906,000. Institutional investors and hedge funds own 95.28% of the company’s stock.

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.