Coliseum Capital Management LLC has recently announced that it has increased stake in GMS Inc. (NYSE:GMS) by 3.34%. After grabbing 6.34 million shares, the institutional investor is now in possession of 0.2 million shares of the Industrials Company. The new investment brought the stake of investor firm to 15.22% having worth around $315.56 million. Moreover, BlackRock Fund Advisors increased its share by 14909.0 to have a control over 6.26 million shares. And The Vanguard Group, Inc. raised its holdings to 0.15 million shares by acquiring 5.13 million shares or 12.33% of the stake.
GMS Inc. (GMS) concluded trading on 01/18/23 at a closing price of $53.56, with 0.21 million shares of worth about $11.06 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.96% during that period and on Wednesday the price saw a gain of about 0.64%. Currently the company’s common shares owned by public are about 42.23M shares, out of which, 40.80M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 7 analysts are covering the GMS stock and their offered price forecasts bring an average price target of $59.88. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $70.00 and could fall to a lowest price of $48.00. The stock’s current price level is 10.55% above of average price target set by the analysts, while a rise to estimated low would result in loss of -11.58% for the stock. However, touching the estimated high of $70.00 would mean a gain of 23.49% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 55 times over the past 12 months. They bought 1,142,967 shares in 35 of the transactions. In 20 selling transactions, insiders dumped 58,592 shares.
iShares Core S&P Small Cap ETF, American Century Small Cap Value, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in GMS Inc. iShares Core S&P Small Cap ETF is currently holding 3.14 million shares of worth totaling $156.24 million. The company recently came selling 2128.0 shares which brought its stake up to 7.54% of the company’s outstanding shares. American Century Small Cap Value bought 46667.0 shares, after which its hold over company’s outstanding shares expand to 3.38%, leaving 1.41 million shares with the mutual fund that have a worth of about $70.05 million. Vanguard Total Stock Market Index, after buying 1.22 million shares, have now control over 2.93% of the stake in the company. It holds 2122.0 shares of worth $60.72 million.
GMS Inc. (NYSE: GMS) started trading at $53.48, above $0.26 from concluding price of the previous day. However, the stock later moved at a day high price of 54.68, or with a gain of 0.64%. Stock saw a price change of 2.84% in past 5 days and over the past one month there was a price change of 1.86%. Year-to-date (YTD), GMS shares are showing a performance of 7.55% which decreased to -2.85% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $36.10 but also hit the highest price of $58.72 during that period. The average intraday trading volume for GMS Inc. shares is 233.75K. The stock is currently trading 3.75% above its 20-day simple moving average (SMA20), while that difference is up 6.08% for SMA50 and it goes to 11.66% higher than SMA200.
Coliseum Capital Management LLC acquired 6.34 million shares of GMS Inc. having value of about $315.56 million. Data submitted at the U.S SEC by Coliseum Capital Management LLC revealed that the firm now holds 0.2 million shares in the company valued at close to $10979800.0, or have control over 3.34% stake in the company. Holding of mutual funds in the company is about 41.56% while other institutional holders and individual stake holders have control over 57.39% and 35.58% of the stake respectively.
The stock has a current market capitalization of $2.22B and its 3Y-monthly beta is at 1.85. PE ratio of stock for trailing 12 months is 7.03, while it has posted earnings per share of $7.62 in the same period. Its PEG reads 0.26 and has Quick Ratio of 1.50 while making debt-to-equity ratio of 1.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GMS, volatility over the week remained 2.34% while standing at 2.50% over the month.
Analysts are in expectations that GMS Inc. (GMS) stock would likely to be making an EPS of $2.34 in the current quarter, while forecast for next quarter EPS is $1.63 and it is $6.77 for next year. For the current quarter EPS, analysts have given the company a lowest target $2.24 which is $2.43 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $2 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 155.80% while it is estimated to decrease by -22.05% in next year. EPS is likely to shrink at an annualized rate of 26.90% for next 5-years, compared to annual growth of 39.20% made by the stock over the past 5-years.
Analysts at 7 brokerage firms have issued recommendations for the GMS Inc. (GMS)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.30. Out of those 7 Wall Street analysts, 1 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Loop Capital on December 09, 2022 offering a Hold rating for the stock and assigned a target price range of between $52 and $60 to it. Coverage by Truist stated GMS Inc. (GMS) stock as a Hold in their note to investors on September 07, 2022, suggesting a price target of $46 for the stock. On June 22, 2022, RBC Capital Mkts Downgrade their recommendations, while on March 18, 2022, Loop Capital Initiated their ratings for the stock with a price target of $62. Stock get an Outperform rating from Raymond James on December 06, 2021.