BMC Stock Holdings Inc (NASDAQ:BMCH) insider David E. Flitman bought 11,000 shares of the company’s stock in a transaction on Tuesday, November 6th. The shares were bought at an average price of $17.99 per share, for a total transaction of $197,890.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of BMCH stock opened at $17.74 on Wednesday. The company has a current ratio of 2.38, a quick ratio of 1.43 and a debt-to-equity ratio of 0.42. BMC Stock Holdings Inc has a 52-week low of $15.91 and a 52-week high of $25.70. The firm has a market capitalization of $1.18 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 2.23 and a beta of 1.38.
BMC Stock (NASDAQ:BMCH) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.09. The company had revenue of $990.00 million for the quarter, compared to the consensus estimate of $957.79 million. BMC Stock had a return on equity of 14.58% and a net margin of 2.98%. The firm’s revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 earnings per share. On average, analysts predict that BMC Stock Holdings Inc will post 1.61 EPS for the current year.
BMCH has been the topic of a number of recent analyst reports. Wedbush initiated coverage on BMC Stock in a research report on Wednesday, July 18th. They issued an “outperform” rating and a $27.00 price objective on the stock. BidaskClub upgraded BMC Stock from a “sell” rating to a “hold” rating in a research report on Friday, July 20th. ValuEngine downgraded BMC Stock from a “hold” rating to a “sell” rating in a research report on Saturday, July 28th. Seaport Global Securities set a $26.00 price objective on BMC Stock and gave the stock a “buy” rating in a research report on Monday, July 30th. Finally, B. Riley increased their price objective on BMC Stock from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 31st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $23.38.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado increased its stake in BMC Stock by 101.1% in the third quarter. Public Employees Retirement Association of Colorado now owns 7,205 shares of the company’s stock valued at $134,000 after acquiring an additional 3,623 shares during the last quarter. Macquarie Group Ltd. bought a new position in BMC Stock in the second quarter valued at $161,000. First Interstate Bank increased its stake in BMC Stock by 47.9% in the second quarter. First Interstate Bank now owns 8,625 shares of the company’s stock valued at $180,000 after acquiring an additional 2,795 shares during the last quarter. Buckingham Asset Management LLC bought a new position in BMC Stock in the third quarter valued at $187,000. Finally, Chicago Equity Partners LLC bought a new position in BMC Stock in the third quarter valued at $228,000.
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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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