Shares of BMC Stock Holdings Inc (NASDAQ:BMCH) have been assigned an average recommendation of “Hold” from the sixteen research firms that are covering the firm, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $23.08.
A number of brokerages have recently issued reports on BMCH. Buckingham Research lifted their target price on BMC Stock from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Royal Bank of Canada set a $23.00 target price on BMC Stock and gave the stock a “hold” rating in a research report on Thursday, May 2nd. BidaskClub raised BMC Stock from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. B. Riley raised BMC Stock from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $25.00 to $28.00 in a research report on Wednesday, August 7th. Finally, Zacks Investment Research raised BMC Stock from a “hold” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a research report on Friday, August 9th.
Shares of BMCH traded up $0.36 during midday trading on Friday, reaching $25.16. 288,800 shares of the company were exchanged, compared to its average volume of 623,871. BMC Stock has a 1-year low of $14.66 and a 1-year high of $25.40. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 13.53 and a beta of 1.05. The company has a current ratio of 2.35, a quick ratio of 1.51 and a debt-to-equity ratio of 0.48. The stock has a 50-day moving average price of $22.22 and a 200-day moving average price of $20.20.
BMC Stock (NASDAQ:BMCH) last announced its earnings results on Tuesday, August 6th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. BMC Stock had a return on equity of 14.38% and a net margin of 3.31%. The business had revenue of $946.38 million for the quarter, compared to analyst estimates of $934.39 million. During the same period in the previous year, the company earned $0.64 earnings per share. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. Equities research analysts anticipate that BMC Stock will post 1.65 earnings per share for the current year.
In other news, insider Lisa M. Hamblet sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $23.00, for a total transaction of $184,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carl R. Vertuca, Jr. sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $23.50, for a total value of $470,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 68,096 shares of company stock valued at $1,656,801. 1.20% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. Quantamental Technologies LLC grew its holdings in shares of BMC Stock by 9.2% during the second quarter. Quantamental Technologies LLC now owns 6,532 shares of the company’s stock valued at $138,000 after purchasing an additional 549 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of BMC Stock by 5.4% during the second quarter. Janus Henderson Group PLC now owns 12,836 shares of the company’s stock worth $272,000 after buying an additional 658 shares during the period. Alps Advisors Inc. boosted its position in shares of BMC Stock by 5.7% during the first quarter. Alps Advisors Inc. now owns 22,226 shares of the company’s stock worth $393,000 after buying an additional 1,207 shares during the period. Investors Research Corp acquired a new position in shares of BMC Stock during the first quarter worth approximately $25,000. Finally, Legal & General Group Plc boosted its position in shares of BMC Stock by 6.1% during the fourth quarter. Legal & General Group Plc now owns 26,135 shares of the company’s stock worth $405,000 after buying an additional 1,510 shares during the period. 99.30% of the stock is owned by institutional investors.
BMC Stock Company Profile
BMC Stock Holdings, Inc distributes lumber and building materials to new construction, and repair and remodeling contractors in the United States. Its products comprise structural components, such as floor and roof trusses, wall panels, and engineered wood products; lumber and lumber sheet goods, including dimensional lumber, plywood, and oriented strand board products used in on-site house framing under the Ready-Frame brand; and millwork, doors, and windows comprising interior and exterior doors, windows, interior trims, custom millworks, moldings, stairs and stair parts, and cabinetry and other products.
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