BMC Stock (NASDAQ:BMCH) was upgraded by ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Thursday.
Several other equities analysts have also issued reports on the stock. BidaskClub upgraded shares of BMC Stock from a “strong sell” rating to a “sell” rating in a report on Friday, October 26th. Stephens downgraded shares of BMC Stock from an “overweight” rating to an “equal” rating and set a $19.00 price target for the company. in a research report on Thursday, October 18th. Wedbush set a $25.00 price target on shares of BMC Stock and gave the company a “buy” rating in a research report on Tuesday, October 2nd. Goldman Sachs Group started coverage on shares of BMC Stock in a research report on Tuesday, October 2nd. They set a “neutral” rating and a $21.00 price target for the company. Finally, TheStreet downgraded shares of BMC Stock from a “b” rating to a “c+” rating in a research report on Thursday, September 27th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $23.38.
BMCH stock opened at $17.57 on Thursday. BMC Stock has a 52-week low of $15.91 and a 52-week high of $25.70. The company has a market cap of $1.13 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 2.13 and a beta of 1.38. The company has a quick ratio of 1.26, a current ratio of 2.17 and a debt-to-equity ratio of 0.44.
BMC Stock (NASDAQ:BMCH) last released its earnings results on Thursday, November 1st. The company reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.09. BMC Stock had a net margin of 2.58% and a return on equity of 13.32%. The firm had revenue of $990.00 million during the quarter, compared to analyst estimates of $957.79 million. During the same period last year, the business earned $0.34 earnings per share. The business’s revenue was up 12.4% on a year-over-year basis. Sell-side analysts predict that BMC Stock will post 1.58 EPS for the current year.
In related news, Director Carl R. Vertuca, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $23.00, for a total transaction of $230,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the business. Public Employees Retirement Association of Colorado grew its position in BMC Stock by 101.1% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 7,205 shares of the company’s stock worth $134,000 after purchasing an additional 3,623 shares during the period. Macquarie Group Ltd. bought a new stake in BMC Stock in the 2nd quarter worth approximately $161,000. First Interstate Bank grew its position in BMC Stock by 47.9% in the 2nd quarter. First Interstate Bank now owns 8,625 shares of the company’s stock worth $180,000 after purchasing an additional 2,795 shares during the period. Buckingham Asset Management LLC bought a new stake in BMC Stock in the 3rd quarter worth approximately $187,000. Finally, Paloma Partners Management Co bought a new stake in BMC Stock in the 2nd quarter worth approximately $232,000.
About BMC Stock
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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