California Public Employees Retirement System reduced its stake in shares of BMC Stock Holdings Inc (NASDAQ:BMCH) by 4.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 232,800 shares of the company’s stock after selling 11,200 shares during the quarter. California Public Employees Retirement System owned approximately 0.35% of BMC Stock worth $4,551,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Employees Retirement System of Texas purchased a new stake in shares of BMC Stock during the 1st quarter worth $1,173,000. Silvant Capital Management LLC purchased a new stake in BMC Stock in the first quarter valued at about $157,000. State of New Jersey Common Pension Fund D raised its stake in BMC Stock by 40.0% in the first quarter. State of New Jersey Common Pension Fund D now owns 35,000 shares of the company’s stock valued at $684,000 after buying an additional 10,000 shares during the last quarter. First Mercantile Trust Co. raised its stake in BMC Stock by 98.3% in the first quarter. First Mercantile Trust Co. now owns 16,881 shares of the company’s stock valued at $330,000 after buying an additional 8,367 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in BMC Stock by 16.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 421,073 shares of the company’s stock valued at $8,232,000 after buying an additional 59,464 shares during the last quarter. Hedge funds and other institutional investors own 98.89% of the company’s stock.
A number of equities research analysts have commented on BMCH shares. Zacks Investment Research cut BMC Stock from a “buy” rating to a “hold” rating in a research note on Monday, March 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $23.00 price target (up 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. Barclays decreased their price target on BMC Stock from $28.00 to $24.00 and set an “overweight” rating for the company in a research note on Wednesday, February 28th. Finally, BidaskClub cut BMC Stock from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. BMC Stock currently has an average rating of “Hold” and an average price target of $22.88.
In related news, Director Carl R. Vertuca, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 5th. The stock was sold at an average price of $21.00, for a total transaction of $210,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Carl R. Vertuca, Jr. sold 2,000 shares of the firm’s stock in a transaction dated 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. Over the last 90 days, insiders sold 12,676 shares of company stock valued at $264,159. Company insiders own 1.20% of the company’s stock.
Shares of BMC Stock opened at $21.20 on Thursday, Marketbeat reports. BMC Stock Holdings Inc has a 52-week low of $17.10 and a 52-week high of $25.70. The stock has a market capitalization of $1.43 billion, a PE ratio of 20.78 and a beta of 1.40. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.21 and a quick ratio of 1.27.
BMC Stock (NASDAQ:BMCH) last announced its quarterly earnings data on Tuesday, May 8th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.17. BMC Stock had a return on equity of 10.99% and a net margin of 2.01%. The firm had revenue of $834.20 million during the quarter, compared to analysts’ expectations of $842.86 million. During the same period last year, the business posted $0.11 earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. equities analysts predict that BMC Stock Holdings Inc will post 1.48 earnings per share for the current fiscal year.
BMC Stock 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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