BMC Stock Holdings, Inc. (BMCH) Receives Consensus Rating of “Buy” from Analysts
BMC Stock Holdings, Inc. (NASDAQ:BMCH) has received an average recommendation of “Buy” from the six analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $23.40.
BMCH has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated a “buy” rating and set a $24.00 price objective on shares of BMC Stock Holdings in a research note on Wednesday, June 7th. Zacks Investment Research cut BMC Stock Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 10th. Barclays PLC lowered their price target on BMC Stock Holdings from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, August 4th. FBR & Co lowered their price target on BMC Stock Holdings from $26.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, August 22nd. Finally, Robert W. Baird reissued a “buy” rating and issued a $23.00 price target on shares of BMC Stock Holdings in a report on Sunday, September 10th.
In other news, insider Lisa M. Hamblet sold 12,812 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $20.82, for a total transaction of $266,745.84. Following the transaction, the insider now owns 74,133 shares of the company’s stock, valued at approximately $1,543,449.06. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider James F. Jr. Major sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $20.24, for a total value of $404,800.00. Following the transaction, the insider now directly owns 176,482 shares in the company, valued at approximately $3,571,995.68. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. bought a new position in shares of BMC Stock Holdings during the 1st quarter valued at approximately $108,000. BNP Paribas Arbitrage SA increased its position in shares of BMC Stock Holdings by 2,853.3% during the 2nd 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 during the last quarter. UBS Asset Management Americas Inc. bought a new position in shares of BMC Stock Holdings during the 1st quarter valued at approximately $209,000. Koch Industries Inc. bought a new position in shares of BMC Stock Holdings during the 2nd quarter valued at approximately $244,000. Finally, PNC Financial Services Group Inc. bought a new position in shares of BMC Stock Holdings during the 1st quarter valued at approximately $254,000.
Shares of BMC Stock Holdings (NASDAQ:BMCH) opened at 21.15 on Thursday. The stock has a market capitalization of $1.42 billion, a P/E ratio of 34.73 and a beta of 1.49. BMC Stock Holdings has a one year low of $15.45 and a one year high of $23.90. The stock has a 50 day moving average of $20.45 and a 200-day moving average of $21.42.
BMC Stock Holdings (NASDAQ:BMCH) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.03). The company had revenue of $886.38 million for the quarter, compared to the consensus estimate of $871.51 million. BMC Stock Holdings had a net margin of 1.28% and a return on equity of 9.20%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.32 earnings per share. Equities analysts forecast that BMC Stock Holdings will post $1.07 earnings per share for the current year.
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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