BMC Stock Holdings Inc. (NASDAQ:BMCH) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released 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 a number of other research reports. Credit Suisse Group AG started coverage on shares of BMC Stock Holdings in a research report on Monday, June 20th. They issued an “outperform” rating and a $22.00 price objective on the stock. RBC Capital Markets reissued a “buy” rating and issued a $24.00 price objective on shares of BMC Stock Holdings in a research report on Friday, August 19th. Finally, FBR & Co reissued an “outperform” rating and issued a $23.00 price objective (up previously from $22.00) on shares of BMC Stock Holdings in a research report on Tuesday, August 16th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. BMC Stock Holdings presently has a consensus rating of “Buy” and an average price target 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 of $18.52 and a 200 day moving average of $18.68. The firm has a market cap of $1.12 billion, a PE ratio of 119.86 and a beta of 1.40.

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

In other BMC Stock Holdings news, major shareholder Gores Group, Llc sold 1,000,000 shares of the company’s stock in a transaction 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 this link. Company insiders own 5.15% of the company’s stock.

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.

5 Day Chart for NASDAQ:BMCH

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