BMC Stock Holdings Inc. (NASDAQ:BMCH) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “BMC Stock Holdings Inc provides diversified building products and services to professional builders and contractors primarily in the residential housing market. The Company’s portfolio of products and services spans building materials includes millwork and structural component manufacturing capabilities, consultative showrooms and design centers, value-added installation management and eBusiness platform. BMC Stock Holdings, Inc., formerly known as Stock Building Supply Holdings, is headquartered in Raleigh, North Carolina. “

BMCH has been the topic of several other reports. Credit Suisse Group AG started coverage on shares of BMC Stock Holdings in a report on Monday, June 20th. They set an “outperform” rating and a $22.00 target price on the stock. RBC Capital Markets restated a “buy” rating and set a $24.00 target price on shares of BMC Stock Holdings in a report on Friday, August 19th. Finally, FBR & Co restated an “outperform” rating and set a $23.00 target price (up from $22.00) on shares of BMC Stock Holdings in a report on Tuesday, August 16th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. BMC Stock Holdings has an average rating of “Buy” and an average target price of $21.76.

Analyst Recommendations for BMC Stock Holdings (NASDAQ:BMCH)

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BMC Stock Holdings (NASDAQ:BMCH) traded up 0.60% during mid-day trading on Tuesday, reaching $16.90. 303,855 shares of the company’s stock traded hands. BMC Stock Holdings has a 1-year low of $12.14 and a 1-year high of $21.50. The firm has a 50-day moving average price of $18.52 and a 200-day moving average price of $18.68. The stock has a market cap of $1.12 billion, a P/E ratio of 119.86 and a beta of 1.40.

BMC Stock Holdings (NASDAQ:BMCH) last announced its earnings results on Monday, August 8th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.24 by $0.08. The firm had revenue of $797.50 million for the quarter, compared to the consensus estimate of $782.54 million. BMC Stock Holdings had a net margin of 0.41% and a return on equity of 8.31%. The business’s quarterly revenue was up 123.2% on a year-over-year basis. During the same period last year, the company posted $0.25 EPS. Equities research analysts anticipate that BMC Stock Holdings will post $0.96 EPS for the current fiscal year.

In other news, major shareholder Gores Group, Llc sold 1,000,000 shares of BMC Stock Holdings stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $19.80, for a total value of $19,800,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.15% of the stock is currently owned by insiders.

About BMC Stock Holdings

BMC Stock Holdings, Inc, formerly Stock Building Supply Holdings, Inc, is a diversified lumber and building materials (LBM) distributor and solutions provider that sells to construction and repair and remodeling contractors. The Company’s operating segments include Mid-Atlantic, Southeast, Texas, Intermountain, West and Mountain West divisions.

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