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

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. “

Other equities analysts have also issued reports about the stock. Royal Bank of Canada reiterated a “buy” rating and set a $24.00 target price on shares of BMC Stock Holdings in a report on Wednesday, June 7th. Barclays PLC set a $24.00 target price on shares of BMC Stock Holdings and gave the company a “buy” rating in a report on Monday, May 8th. Finally, Seaport Global Securities began coverage on shares of BMC Stock Holdings in a report on Thursday, March 16th. They set a “buy” rating and a $26.00 target price for the company. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $24.80.

Shares of BMC Stock Holdings (BMCH) traded up 0.23% during midday trading on Monday, hitting $21.65. The company’s stock had a trading volume of 461,430 shares. BMC Stock Holdings has a 1-year low of $15.45 and a 1-year high of $23.90. The company has a market cap of $1.45 billion, a P/E ratio of 35.26 and a beta of 1.48. The company has a 50-day moving average price of $20.87 and a 200 day moving average price of $20.87.

BMC Stock Holdings (NASDAQ:BMCH) last released its earnings results on Monday, May 8th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.02. BMC Stock Holdings had a net margin of 1.32% and a return on equity of 8.98%. The business had revenue of $757.70 million for the quarter, compared to analysts’ expectations of $738.23 million. During the same quarter in the previous year, the business posted $0.08 earnings per share. BMC Stock Holdings’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities research analysts predict that BMC Stock Holdings will post $1.26 EPS for the current year.

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In related news, Director Jeffrey Gene Rea sold 57,300 shares of the firm’s stock in a transaction that occurred on Thursday, April 20th. The shares were sold at an average price of $22.96, for a total transaction of $1,315,608.00. Following the completion of the sale, the director now owns 443,660 shares of the company’s stock, valued at $10,186,433.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 270,300 shares of company stock valued at $6,216,588 in the last three months. 3.70% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the stock. State Street Corp increased its stake in shares of BMC Stock Holdings by 4.1% in the fourth quarter. State Street Corp now owns 926,990 shares of the company’s stock valued at $18,077,000 after buying an additional 36,313 shares during the period. Clinton Group Inc. increased its stake in shares of BMC Stock Holdings by 91.0% in the first quarter. Clinton Group Inc. now owns 32,536 shares of the company’s stock valued at $735,000 after buying an additional 15,505 shares during the period. State Board of Administration of Florida Retirement System purchased a new stake in shares of BMC Stock Holdings during the fourth quarter valued at $244,000. Airain ltd purchased a new stake in shares of BMC Stock Holdings during the first quarter valued at $1,295,000. Finally, Bogle Investment Management L P DE purchased a new stake in shares of BMC Stock Holdings during the first quarter valued at $1,212,000. 97.95% of the stock is owned by institutional investors.

About BMC Stock Holdings

BMC Stock Holdings, Inc is a provider of building products and services in the United States residential construction market. The Company’s segments include Mid-Atlantic, Southeast, Texas, Intermountain, Western and Mountain West divisions. Its product offerings include lumber and lumber sheet goods and an array of products, including millwork, doors, windows, structural components, floor and roof trusses and wall panels.

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