BMC Stock (NASDAQ:BMCH) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Thursday, January 4th.
Several other research analysts have also recently weighed in on the company. B. Riley cut BMC Stock from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $25.00 to $26.00 in a research note on Wednesday, January 3rd. TheStreet upgraded BMC Stock from a “c” rating to a “b-” rating in a research note on Friday, December 1st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $26.00 price objective on shares of BMC Stock in a report on Wednesday, November 15th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $23.00 price objective on shares of BMC Stock in a report on Monday, October 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $24.75.
Shares of BMC Stock (NASDAQ:BMCH) traded down $0.20 during trading hours on Thursday, reaching $23.15. The company’s stock had a trading volume of 129,756 shares, compared to its average volume of 670,742. The stock has a market capitalization of $1,540.00, a PE ratio of 30.87 and a beta of 1.50. BMC Stock has a 1-year low of $18.20 and a 1-year high of $25.70. 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 posted its quarterly earnings results on Monday, November 6th. The company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.01). BMC Stock had a return on equity of 9.42% and a net margin of 1.53%. The business had revenue of $881.01 million during the quarter, compared to analysts’ expectations of $888.09 million. During the same quarter in the prior year, the firm earned $0.32 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. sell-side analysts predict that BMC Stock will post 0.99 EPS for the current fiscal year.
In other news, insider Michael Alan Farmer sold 2,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $22.20, for a total value of $44,400.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey Gene Rea sold 75,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $22.00, for a total value of $1,650,000.00. The disclosure for this sale can be found here. Insiders have sold 227,000 shares of company stock valued at $5,294,400 in the last three months. 3.70% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. FNY Partners Fund LP lifted its position in shares of BMC Stock by 4,066.7% in the second quarter. FNY Partners Fund LP now owns 25,000 shares of the company’s stock worth $546,000 after buying an additional 24,400 shares in the last quarter. Vident Investment Advisory LLC purchased a new stake in shares of BMC Stock in the third quarter worth about $285,000. Dimensional Fund Advisors LP lifted its position in shares of BMC Stock by 26.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,854,388 shares of the company’s stock worth $39,592,000 after buying an additional 392,741 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of BMC Stock by 17.9% in the second quarter. The Manufacturers Life Insurance Company now owns 50,608 shares of the company’s stock worth $1,106,000 after buying an additional 7,691 shares in the last quarter. Finally, Teachers Advisors LLC lifted its position in shares of BMC Stock by 46.3% in the second quarter. Teachers Advisors LLC now owns 155,448 shares of the company’s stock worth $3,397,000 after buying an additional 49,192 shares in the last quarter.
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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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