BMC Stock Holdings’ (BMCH) “Buy” Rating Reiterated at Robert W. Baird
BMC Stock Holdings Inc (NASDAQ:BMCH)‘s stock had its “buy” rating restated by stock analysts at Robert W. Baird in a note issued to investors on Sunday. They presently have a $23.00 target price on the stock. Robert W. Baird’s price objective suggests a potential upside of 11.11% from the stock’s current price.
BMCH has been the topic of a number of other research reports. Barclays PLC reduced their target price on BMC Stock Holdings from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, August 4th. FBR & Co cut their price target on BMC Stock Holdings from $26.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, August 22nd. Zacks Investment Research lowered BMC Stock Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 10th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $24.00 price target on shares of BMC Stock Holdings in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $23.50.
Shares of BMC Stock Holdings (NASDAQ:BMCH) traded up 0.98% on Friday, reaching $20.70. 374,643 shares of the company’s stock were exchanged. The company’s 50 day moving average is $20.55 and its 200-day moving average is $21.44. BMC Stock Holdings has a one year low of $15.45 and a one year high of $23.90. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 33.99 and a beta of 1.49.
BMC Stock Holdings (NASDAQ:BMCH) last released its earnings results on Thursday, August 3rd. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by $0.03. BMC Stock Holdings had a return on equity of 10.12% and a net margin of 1.99%. The business had revenue of $886.38 million during the quarter, compared to analysts’ expectations of $871.51 million. During the same quarter in the previous year, the business earned $0.32 EPS. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, analysts anticipate that BMC Stock Holdings will post $1.08 EPS for the current year.
In other news, insider James F. Jr. Major sold 20,000 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $20.24, for a total transaction of $404,800.00. Following the transaction, the insider now owns 176,482 shares in the company, valued at $3,571,995.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Lisa M. Hamblet sold 12,812 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $20.82, for a total value of $266,745.84. Following the transaction, the insider now owns 74,133 shares in the company, valued at approximately $1,543,449.06. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.
A number of hedge funds have recently modified their holdings of BMCH. Ameritas Investment Partners Inc. bought a new stake in BMC Stock Holdings during the first quarter valued at about $108,000. Acadian Asset Management LLC bought a new stake in BMC Stock Holdings during the first quarter valued at about $140,000. BNP Paribas Arbitrage SA boosted its position in BMC Stock Holdings by 2,853.3% during the second quarter. BNP Paribas Arbitrage SA now owns 7,147 shares of the company’s stock valued at $156,000 after purchasing an additional 6,905 shares in the last quarter. UBS Asset Management Americas Inc. bought a new stake in BMC Stock Holdings during the first quarter valued at about $209,000. Finally, TFS Capital LLC bought a new stake in BMC Stock Holdings during the first quarter valued at about $210,000.
BMC Stock Holdings Company Profile
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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