TheStreet upgraded shares of BMC Stock (NASDAQ:BMCH) from a c+ rating to a b- rating in a report published on Thursday.
BMCH has been the topic of a number of other research reports. BidaskClub raised BMC Stock from a sell rating to a hold rating in a research note on Wednesday, March 28th. Zacks Investment Research raised BMC Stock from a hold rating to a buy rating and set a $23.00 price target on the stock in a research note on Thursday, February 22nd. Royal Bank of Canada reissued an outperform rating and issued a $23.00 price target (up previously from $22.00) on shares of BMC Stock in a research note on Wednesday, February 28th. Stephens set a $23.00 price target on BMC Stock and gave the company a buy rating in a research note on Thursday, March 1st. Finally, Barclays cut their price target on BMC Stock from $28.00 to $24.00 and set an overweight rating on the stock in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $22.88.
BMC Stock opened at $21.40 on Thursday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.27 and a current ratio of 2.21. The firm has a market capitalization of $1.44 billion, a PE ratio of 20.98 and a beta of 1.40. BMC Stock has a twelve month low of $17.10 and a twelve month high of $25.70.
BMC Stock (NASDAQ:BMCH) last posted its quarterly earnings results on Tuesday, May 8th. The company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.17. The company had revenue of $834.20 million for the quarter, compared to the consensus estimate of $842.86 million. BMC Stock had a return on equity of 10.99% and a net margin of 2.01%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 EPS. analysts expect that BMC Stock will post 1.48 earnings per share for the current fiscal year.
In related news, Director Carl R. Vertuca, Jr. sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $21.00, for a total transaction of $210,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Carl R. Vertuca, Jr. sold 2,000 shares of the firm’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $19.88, for a total value of $39,760.00. The disclosure for this sale can be found here. Insiders have sold a total of 12,676 shares of company stock worth $264,159 in the last ninety days. 1.20% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Swiss National Bank raised its stake in BMC Stock by 4.4% during the 4th quarter. Swiss National Bank now owns 102,619 shares of the company’s stock worth $2,596,000 after buying an additional 4,300 shares during the period. First Trust Advisors LP raised its stake in BMC Stock by 14.8% during the 4th quarter. First Trust Advisors LP now owns 58,783 shares of the company’s stock worth $1,487,000 after buying an additional 7,557 shares during the period. Lakewood Capital Management LP acquired a new stake in BMC Stock during the 4th quarter worth $24,678,000. Forest Hill Capital LLC raised its stake in BMC Stock by 9.8% during the 4th quarter. Forest Hill Capital LLC now owns 202,258 shares of the company’s stock worth $5,117,000 after buying an additional 18,000 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in BMC Stock during the 4th quarter worth $525,000.
BMC Stock 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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