Wells Fargo & Company MN reduced its position in Building Materials Holding Co. (NASDAQ:BMCH) by 16.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 527,999 shares of the company’s stock after selling 102,134 shares during the period. Wells Fargo & Company MN owned about 0.79% of Building Materials worth $13,358,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of BMCH. Ruane Cunniff & Goldfarb Inc. purchased a new position in shares of Building Materials during the 3rd quarter valued at $55,510,000. Neumeier Poma Investment Counsel LLC lifted its stake in Building Materials by 130.3% in the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 985,550 shares of the company’s stock worth $21,041,000 after purchasing an additional 557,675 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Building Materials by 26.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,854,388 shares of the company’s stock worth $39,592,000 after purchasing an additional 392,741 shares in the last quarter. Cortina Asset Management LLC lifted its stake in Building Materials by 35.4% in the 3rd quarter. Cortina Asset Management LLC now owns 1,331,284 shares of the company’s stock worth $28,423,000 after purchasing an additional 347,703 shares in the last quarter. Finally, Falcon Point Capital LLC purchased a new stake in Building Materials in the 4th quarter worth $8,614,000.
Shares of NASDAQ:BMCH traded down $0.45 during midday trading on Friday, reaching $19.85. The company’s stock had a trading volume of 408,125 shares, compared to its average volume of 474,580. The firm has a market capitalization of $1,333.84, a P/E ratio of 19.46 and a beta of 1.34. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.33 and a quick ratio of 1.35. Building Materials Holding Co. has a twelve month low of $18.20 and a twelve month high of $25.70.
Building Materials (NASDAQ:BMCH) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.03). Building Materials had a net margin of 1.71% and a return on equity of 9.50%. The firm had revenue of $840.88 million for the quarter, compared to analyst estimates of $821.77 million. During the same quarter in the prior year, the business posted $0.21 EPS. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. equities analysts anticipate that Building Materials Holding Co. will post 1.44 EPS for the current fiscal year.
BMCH has been the topic of several analyst reports. BidaskClub upgraded shares of Building Materials from a “sell” rating to a “hold” rating in a report on Wednesday, March 28th. Zacks Investment Research upgraded shares of Building Materials from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Thursday, February 22nd. Royal Bank of Canada reissued an “outperform” rating and set a $23.00 target price (up previously from $22.00) on shares of Building Materials in a research report on Wednesday, February 28th. American Capital Partners reissued a “neutral” rating and set a $26.00 target price (up previously from $25.00) on shares of Building Materials in a research report on Friday, January 5th. Finally, B. Riley cut shares of Building Materials from a “buy” rating to a “neutral” rating and raised their price target for the stock from $25.00 to $26.00 in a report on Wednesday, January 3rd. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $23.38.
In other Building Materials news, Director David W. Bullock purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were purchased at an average cost of $19.13 per share, with a total value of $95,650.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Carl R. Vertuca, Jr. sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $19.70, for a total transaction of $137,900.00. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.
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Building Materials Company Profile
BMC Stock Holdings, Inc operates as lumber and building materials distributor and solutions provider in the United States. Its primary products include structural components, such as floor trusses, roof trusses, wall panels, and engineered wood products; lumber and lumber sheet goods, including dimensional lumber, plywood, and oriented strand board products used in on-site house framing under the Ready-Frame brand; and millwork, doors, and windows comprising interior and exterior doors, windows, interior trim, custom millwork, moldings, stairs and stair parts, and cabinetry and other products.
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