GMS (GMS) Stock Price, News & Analysis

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for GMS in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GMS shares.
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8 brokers have issued 1 year target prices for GMS's stock. Their GMS share price targets range from $74.00 to $105.00. On average, they expect the company's share price to reach $89.63 in the next twelve months. This suggests that the stock has a possible downside of 3.1%.
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GMS's stock was trading at $82.43 at the beginning of 2024. Since then, GMS shares have increased by 12.2% and is now trading at $92.48.
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GMS saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 814,800 shares, a decline of 25.2% from the March 15th total of 1,090,000 shares. Based on an average trading volume of 364,500 shares, the days-to-cover ratio is currently 2.2 days. Approximately 2.1% of the shares of the stock are short sold.
View GMS's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 27th 2024.
View our GMS earnings forecast.

GMS Inc. (NYSE:GMS) issued its quarterly earnings data on Thursday, February, 29th. The company reported $1.60 earnings per share for the quarter, missing analysts' consensus estimates of $1.61 by $0.01. The firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.27 billion. GMS had a trailing twelve-month return on equity of 25.65% and a net margin of 5.48%. GMS's revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.85 EPS.

ETFs with the largest weight of GMS (NYSE:GMS) stock in their portfolio include Invesco S&P SmallCap Industrials ETF (PSCI), Invesco Dorsey Wright Industrials Momentum ETF (PRN), Pacer US Small Cap Cash Cows 100 ETF (CALF), Harbor Corporate Culture Small Cap ETF (HAPS), Invesco S&P SmallCap Quality ETF (XSHQ), Janus Henderson Small Cap Growth Alpha ETF (JSML), Invesco S&P SmallCap Momentum ETF (XSMO) and AlphaMark Actively Managed Small Cap ETF (SMCP).

11 employees have rated GMS Chief Executive Officer Michael Callahan on Glassdoor.com. Michael Callahan has an approval rating of 78% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other GMS investors own include NVIDIA (NVDA), Deere & Company (DE), AT&T (T), Advanced Micro Devices (AMD), Alibaba Group (BABA), Micron Technology (MU), Weyerhaeuser (WY), Applied Materials (AMAT), Caterpillar (CAT) and D.R. Horton (DHI).

GMS (GMS) raised $154 million in an initial public offering (IPO) on Thursday, May 26th 2016. The company issued 7,000,000 shares at $21.00-$23.00 per share. Barclays and Credit Suisse served as the underwriters for the IPO and RBC Capital Markets, Baird, Wells Fargo Securities, SunTrust Robinson Humphrey, Raymond James and Stephens were co-managers.

GMS's stock is owned by a number of retail and institutional investors. Top institutional investors include Reinhart Partners LLC. (1.22%), Artemis Investment Management LLP (0.15%), Los Angeles Capital Management LLC (0.07%), First Hawaiian Bank (0.01%) and GAMMA Investing LLC (0.00%). Insiders that own company stock include Coliseum Capital Management, L, Craig D Apolinsky, George T Hendren, John C Turner Jr, John J Gavin, Peter C Browning, Scott M Deakin, Theron I Gilliam and William Forrest Bell.
View institutional ownership trends.

Shares of GMS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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