American Capital Partners reissued their neutral rating on shares of BMC Stock (NASDAQ:BMCH) in a research report report published on Friday. They currently have a $26.00 price objective on the stock, up from their previous price objective of $25.00.
BMCH has been the topic of several other research reports. Robert W. Baird reiterated a buy rating and set a $23.00 price objective on shares of BMC Stock in a report on Monday, October 9th. BidaskClub upgraded shares of BMC Stock from a hold rating to a buy rating in a report on Thursday, December 21st. B. Riley reiterated a buy rating and set a $25.00 price objective (up previously from $22.00) on shares of BMC Stock in a report on Tuesday, November 7th. Zacks Investment Research upgraded shares of BMC Stock from a sell rating to a hold rating and set a $27.00 target price on the stock in a report on Friday. Finally, Royal Bank of Canada restated an outperform rating and issued a $25.00 target price (up previously from $23.00) on shares of BMC Stock in a report on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. BMC Stock presently has a consensus rating of Buy and an average target price of $24.75.
Shares of BMC Stock (BMCH) traded up $0.10 during midday trading on Friday, hitting $24.55. 562,700 shares of the stock traded hands, compared to its average volume of 701,400. BMC Stock has a 52-week low of $17.45 and a 52-week high of $25.70. The firm has a market capitalization of $1,639.06, a price-to-earnings ratio of 32.73 and a beta of 1.50. The company has a quick ratio of 1.38, a current ratio of 2.29 and a debt-to-equity ratio of 0.57.
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 the consensus estimate of $0.35 by ($0.01). BMC Stock had a net margin of 1.53% and a return on equity of 9.42%. The company had revenue of $881.01 million for the quarter, compared to analyst estimates of $888.09 million. During the same quarter in the prior year, the company posted $0.32 EPS. BMC Stock’s revenue for the quarter was up 7.3% on a year-over-year basis. sell-side analysts forecast that BMC Stock will post 0.99 earnings per share for the current fiscal year.
In other BMC Stock news, Director Jeffrey Gene Rea sold 1,221 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $23.00, for a total value of $28,083.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Keith Costello acquired 15,000 shares of BMC Stock stock in a transaction on Wednesday, December 13th. The stock was purchased at an average cost of $23.13 per share, with a total value of $346,950.00. The disclosure for this purchase can be found here. Insiders sold a total of 227,000 shares of company stock valued at $5,294,400 over the last ninety days. 3.70% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of the business. Ruane Cunniff & Goldfarb Inc. bought a new position in shares of BMC Stock during the 3rd quarter valued at approximately $55,510,000. GMT Capital Corp bought a new position in shares of BMC Stock during the 2nd quarter valued at approximately $15,912,000. Westfield Capital Management Co. LP grew its position in shares of BMC Stock by 64.3% during the 2nd quarter. Westfield Capital Management Co. LP now owns 1,718,041 shares of the company’s stock valued at $37,539,000 after acquiring an additional 672,491 shares during the period. Neumeier Poma Investment Counsel LLC grew its position in shares of BMC Stock by 130.3% during the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 985,550 shares of the company’s stock valued at $21,041,000 after acquiring an additional 557,675 shares during the period. Finally, Northern Trust Corp grew its position in shares of BMC Stock by 72.4% during the 2nd quarter. Northern Trust Corp now owns 1,177,591 shares of the company’s stock valued at $25,730,000 after acquiring an additional 494,409 shares during the period.
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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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