BMC Stock (NASDAQ:BMCH) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
A number of other research analysts have also weighed in on the company. TheStreet raised BMC Stock from a “c” rating to a “b-” rating in a report on Friday, December 1st. Royal Bank of Canada reissued a “buy” rating and issued a $26.00 price objective on shares of BMC Stock in a report on Wednesday, November 15th. B. Riley reissued a “buy” rating and issued a $25.00 price objective (up from $22.00) on shares of BMC Stock in a report on Tuesday, November 7th. Robert W. Baird reaffirmed a “buy” rating and set a $23.00 target price on shares of BMC Stock in a report on Monday, October 9th. Finally, FBR & Co dropped their target price on BMC Stock from $26.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $24.00.
Shares of BMC Stock (NASDAQ:BMCH) traded down $0.30 during mid-day trading on Tuesday, hitting $23.05. The stock had a trading volume of 646,188 shares, compared to its average volume of 560,556. The company has a quick ratio of 1.38, a current ratio of 2.29 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $1,561.97, a price-to-earnings ratio of 23.78 and a beta of 1.50. BMC Stock has a fifty-two week low of $17.45 and a fifty-two week high of $23.90.
BMC Stock (NASDAQ:BMCH) last announced its quarterly earnings data on Monday, November 6th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The firm had revenue of $881.01 million during the quarter, compared to analyst estimates of $888.09 million. BMC Stock had a net margin of 1.53% and a return on equity of 9.42%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 earnings per share. equities analysts expect that BMC Stock will post 0.98 earnings per share for the current year.
In related news, insider Peter Alexander sold 28,000 shares of the firm’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $21.08, for a total transaction of $590,240.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey Gene Rea sold 73,779 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $23.00, for a total value of $1,696,917.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 180,000 shares of company stock worth $4,009,640. 3.70% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. Rubric Capital Management LP grew its holdings in BMC Stock by 72.9% in the third quarter. Rubric Capital Management LP now owns 188,143 shares of the company’s stock valued at $4,017,000 after purchasing an additional 79,343 shares during the period. Sterling Capital Management LLC grew its holdings in BMC Stock by 89.8% in the third quarter. Sterling Capital Management LLC now owns 93,283 shares of the company’s stock valued at $1,992,000 after purchasing an additional 44,144 shares during the period. Highlander Capital Management LLC grew its holdings in BMC Stock by 39.5% in the third quarter. Highlander Capital Management LLC now owns 31,800 shares of the company’s stock valued at $679,000 after purchasing an additional 9,000 shares during the period. Zions Bancorporation acquired a new stake in BMC Stock in the third quarter valued at approximately $110,000. Finally, Vident Investment Advisory LLC acquired a new stake in BMC Stock in the third quarter valued at approximately $285,000.
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BMC Stock Company 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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