California State Teachers Retirement System lifted its position in BMC Stock Holdings, Inc. (NASDAQ:BMCH) by 6.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,066 shares of the company’s stock after acquiring an additional 7,498 shares during the period. California State Teachers Retirement System owned 0.17% of BMC Stock Holdings worth $2,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its holdings in BMC Stock Holdings by 2,853.3% in the second quarter. BNP Paribas Arbitrage SA now owns 7,147 shares of the company’s stock valued at $156,000 after purchasing an additional 6,905 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new stake in BMC Stock Holdings in the first quarter valued at $209,000. PNC Financial Services Group Inc. purchased a new stake in BMC Stock Holdings in the first quarter valued at $254,000. Principal Financial Group Inc. purchased a new stake in BMC Stock Holdings in the first quarter valued at $276,000. Finally, Cipher Capital LP purchased a new stake in BMC Stock Holdings in the second quarter valued at $292,000.
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 quick ratio of 1.33 and a current ratio of 2.24. BMC Stock Holdings, Inc. has a 12 month low of $17.45 and a 12 month high of $23.90. The stock has a market cap of $1,515.04, a PE ratio of 23.06 and a beta of 1.49.
BMC Stock Holdings (NASDAQ:BMCH) last posted its earnings results on Monday, November 6th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the 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 for the quarter, compared to analysts’ expectations of $888.09 million. During the same period in the previous year, the company earned $0.32 earnings per share. The company’s revenue was up 7.3% compared to the same quarter last year. research analysts predict that BMC Stock Holdings, Inc. will post 0.98 earnings per share for the current year.
In other news, Director Jeffrey Gene Rea sold 75,000 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $22.00, for a total transaction of $1,650,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider James F. Jr. Major sold 20,000 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $20.24, for a total transaction of $404,800.00. Following the sale, the insider now directly owns 176,482 shares in the company, valued at $3,571,995.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 123,000 shares of company stock worth $2,645,040. Corporate insiders own 3.70% of the company’s stock.
BMCH has been the topic of several recent research reports. Robert W. Baird reaffirmed a “buy” rating and issued a $23.00 price target on shares of BMC Stock Holdings in a report on Sunday, September 10th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $24.00 price target on shares of BMC Stock Holdings in a report on Tuesday, July 18th. FBR & Co lowered their price target on shares of BMC Stock Holdings from $26.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, August 22nd. Barclays PLC lowered their price target on shares of BMC Stock Holdings from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, August 4th. Finally, B. Riley reaffirmed a “buy” rating and issued a $25.00 price target (up from $22.00) on shares of BMC Stock Holdings in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. BMC Stock Holdings presently has an average rating of “Buy” and an average target price of $23.83.
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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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