BMC Stock (BMCH) Stock Rating Lowered by B. Riley

BMC Stock (NASDAQ:BMCH) was downgraded by investment analysts at B. Riley from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday. They currently have a $26.00 target price on the stock, up from their previous target price of $25.00. B. Riley’s target price points to a potential upside of 4.21% from the stock’s previous close.

A number of other equities analysts have also issued reports on the company. BidaskClub raised BMC Stock from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 27th. TheStreet raised BMC Stock from a “c” rating to a “b-” rating in a report on Friday, December 1st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $26.00 price objective on shares of BMC Stock in a report on Wednesday, November 15th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $23.00 price objective on shares of BMC Stock in a report on Monday, October 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. BMC Stock currently has a consensus rating of “Buy” and an average target price of $24.17.

BMC Stock (NASDAQ:BMCH) traded down $0.35 during midday trading on Wednesday, hitting $24.95. The company had a trading volume of 817,100 shares, compared to its average volume of 804,050. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.38 and a current ratio of 2.29. BMC Stock has a 52-week low of $17.45 and a 52-week high of $25.70. The stock has a market capitalization of $1,670.00, a price-to-earnings ratio of 33.27 and a beta of 1.50.

BMC Stock (NASDAQ:BMCH) last released its quarterly earnings results on Monday, November 6th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.01). BMC Stock had a return on equity of 9.42% and a net margin of 1.53%. The company had revenue of $881.01 million for the quarter, compared to analysts’ expectations of $888.09 million. During the same period in the prior year, the business earned $0.32 EPS. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. equities analysts forecast that BMC Stock will post 0.98 EPS for the current year.

In other news, insider Michael Alan Farmer sold 2,000 shares of BMC Stock stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $22.20, for a total transaction of $44,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Peter Alexander sold 28,000 shares of BMC Stock stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $21.08, for a total transaction of $590,240.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 255,000 shares of company stock valued at $5,884,640. Insiders own 3.70% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System raised its position in shares of BMC Stock by 158.6% during the 4th quarter. California State Teachers Retirement System now owns 69,461 shares of the company’s stock worth $1,163,000 after purchasing an additional 42,596 shares during the last quarter. Penn Capital Management Co. Inc. raised its position in shares of BMC Stock by 0.4% during the 4th quarter. Penn Capital Management Co. Inc. now owns 454,094 shares of the company’s stock worth $7,606,000 after purchasing an additional 1,719 shares during the last quarter. Boston Partners raised its position in shares of BMC Stock by 5.5% during the 4th quarter. Boston Partners now owns 1,120,614 shares of the company’s stock worth $18,770,000 after purchasing an additional 58,718 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of BMC Stock by 2,776.0% during the 4th quarter. Wells Fargo & Company MN now owns 156,802 shares of the company’s stock worth $2,632,000 after purchasing an additional 151,350 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of BMC Stock by 39.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 214,357 shares of the company’s stock worth $3,590,000 after purchasing an additional 60,396 shares during the last quarter.

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BMC Stock 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.

Analyst Recommendations for BMC Stock (NASDAQ:BMCH)

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