BMC Stock (NASDAQ:BMCH) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Thursday, January 4th.
BMCH has been the topic of several other reports. Robert W. Baird reaffirmed a “buy” rating and set a $23.00 price target on shares of BMC Stock in a research report on Monday, October 9th. B. Riley downgraded BMC Stock from a “buy” rating to a “neutral” rating and increased their price target for the stock from $25.00 to $26.00 in a research report on Wednesday, January 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $25.00 price target (up from $23.00) on shares of BMC Stock in a research report on Tuesday, November 7th. Finally, TheStreet raised shares of BMC Stock from a “c” rating to a “b-” rating in a research note on Friday, December 1st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. BMC Stock presently has a consensus rating of “Buy” and a consensus target price of $24.75.
Shares of BMC Stock (BMCH) opened at $24.50 on Thursday. The firm has a market capitalization of $1,649.12, a PE ratio of 32.67 and a beta of 1.50. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.38 and a current ratio of 2.29. BMC Stock has a 12-month low of $17.45 and a 12-month high of $25.70.
BMC Stock (NASDAQ:BMCH) last announced its quarterly earnings results 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). The company had revenue of $881.01 million for the quarter, compared to analyst estimates of $888.09 million. BMC Stock had a return on equity of 9.42% and a net margin of 1.53%. BMC Stock’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 earnings per share. equities analysts anticipate that BMC Stock will post 0.99 earnings per share for the current fiscal year.
In other news, Director Jeffrey Gene Rea sold 75,000 shares of the stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $25.00, for a total transaction of $1,875,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Keith Costello bought 15,000 shares of the stock in a transaction dated Wednesday, December 13th. The shares were purchased at an average cost of $23.13 per share, for a total transaction of $346,950.00. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 227,000 shares of company stock worth $5,294,400. Corporate insiders own 3.70% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Highlander Capital Management LLC lifted its stake in BMC Stock by 2.2% in the 2nd quarter. Highlander Capital Management LLC now owns 22,800 shares of the company’s stock valued at $504,000 after buying an additional 500 shares in the last quarter. Ameritas Investment Partners Inc. lifted its stake in BMC Stock by 20.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,748 shares of the company’s stock valued at $126,000 after buying an additional 989 shares in the last quarter. Legal & General Group Plc lifted its stake in BMC Stock by 15.5% in the 2nd quarter. Legal & General Group Plc now owns 15,739 shares of the company’s stock valued at $344,000 after buying an additional 2,108 shares in the last quarter. SG Americas Securities LLC lifted its stake in BMC Stock by 15.8% in the 3rd quarter. SG Americas Securities LLC now owns 22,153 shares of the company’s stock valued at $473,000 after buying an additional 3,027 shares in the last quarter. Finally, American International Group Inc. lifted its stake in BMC Stock by 8.1% in the 3rd quarter. American International Group Inc. now owns 43,908 shares of the company’s stock valued at $937,000 after buying an additional 3,283 shares in the last quarter.
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About BMC Stock
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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