Ameriprise Financial Inc. reduced its stake in shares of BMC Stock Holdings, Inc. (NASDAQ:BMCH) by 41.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 84,060 shares of the company’s stock after selling 59,578 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.13% of BMC Stock Holdings worth $1,837,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the stock. Robotti Robert boosted its holdings in shares of BMC Stock Holdings by 2.4% during the second quarter. Robotti Robert now owns 3,257,763 shares of the company’s stock worth $63,243,000 after purchasing an additional 77,866 shares during the period. Vanguard Group Inc. boosted its holdings in shares of BMC Stock Holdings by 18.1% during the first quarter. Vanguard Group Inc. now owns 2,506,963 shares of the company’s stock worth $56,658,000 after purchasing an additional 383,321 shares during the period. Boston Partners boosted its holdings in shares of BMC Stock Holdings by 14.6% during the second quarter. Boston Partners now owns 1,914,275 shares of the company’s stock worth $41,827,000 after purchasing an additional 243,382 shares during the period. Victory Capital Management Inc. lifted its stake in BMC Stock Holdings by 106.0% in the second quarter. Victory Capital Management Inc. now owns 1,365,066 shares of the company’s stock valued at $29,827,000 after acquiring an additional 702,295 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in BMC Stock Holdings by 14.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,122,287 shares of the company’s stock valued at $25,364,000 after acquiring an additional 138,040 shares during the last quarter.
BMCH has been the subject of a number of analyst reports. Robert W. Baird reiterated a “buy” rating and issued a $23.00 target price on shares of BMC Stock Holdings in a research note on Monday, October 9th. FBR & Co reduced their target price on shares of BMC Stock Holdings from $26.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, August 22nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $24.00 target price on shares of BMC Stock Holdings in a research note on Tuesday, July 18th. B. Riley reiterated a “buy” rating and issued a $25.00 target price (up from $22.00) on shares of BMC Stock Holdings in a research note on Tuesday, November 7th. Finally, Barclays PLC reduced their target price on shares of BMC Stock Holdings from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $23.83.
Shares of BMC Stock Holdings, Inc. (BMCH) opened at $22.60 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.24 and a quick ratio of 1.33. BMC Stock Holdings, Inc. has a one year low of $17.45 and a one year high of $23.90. The firm has a market cap of $1,515.04, a price-to-earnings ratio of 23.06 and a beta of 1.49.
BMC Stock Holdings (NASDAQ:BMCH) last issued its quarterly earnings data on Monday, November 6th. The company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.01). BMC Stock Holdings had a return on equity of 9.54% and a net margin of 1.53%. The firm had revenue of $881.01 million during the quarter, compared to analyst estimates of $888.09 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. BMC Stock Holdings’s quarterly revenue was up 7.3% compared to the same quarter last year. research analysts anticipate that BMC Stock Holdings, Inc. will post 0.98 EPS for the current fiscal year.
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In other news, Director Jeffrey Gene Rea sold 75,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $22.00, for a total value of $1,650,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James F. Jr. Major sold 20,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $20.24, for a total transaction of $404,800.00. Following the transaction, the insider now directly owns 176,482 shares in the company, valued at approximately $3,571,995.68. The disclosure for this sale can be found here. Insiders sold 123,000 shares of company stock valued at $2,645,040 over the last 90 days. 3.70% of the stock is owned by corporate insiders.
BMC Stock Holdings Profile
BMC Stock Holdings, Inc is a provider of building products and services in the United States residential construction market. The Company’s segments include Mid-Atlantic, Southeast, Texas, Intermountain, Western and Mountain West divisions. Its product offerings include lumber and lumber sheet goods and an array of products, including millwork, doors, windows, structural components, floor and roof trusses and wall panels.
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