Royal Bank of Canada Analysts Give BMC Stock (BMCH) a $23.00 Price Target

BMC Stock (NASDAQ:BMCH) has been given a $23.00 target price by equities research analysts at Royal Bank of Canada in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 14.71% from the stock’s previous close.

Several other research firms have also recently commented on BMCH. BidaskClub raised BMC Stock from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 27th. B. Riley cut BMC Stock from a “buy” rating to a “neutral” rating and raised their price target for the company from $25.00 to $26.00 in a report on Wednesday, January 3rd. American Capital Partners reissued a “neutral” rating and issued a $26.00 price target (up from $25.00) on shares of BMC Stock in a report on Friday, January 5th. Zacks Investment Research raised BMC Stock from a “sell” rating to a “hold” rating and set a $27.00 price target for the company in a report on Friday, January 5th. Finally, TheStreet raised BMC Stock from a “c” rating to a “b-” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $24.38.

Shares of BMC Stock (NASDAQ BMCH) opened at $20.05 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 2.29 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $1,340.75, a P/E ratio of 26.73 and a beta of 1.28. BMC Stock has a 1-year low of $18.20 and a 1-year high of $25.70.

In other news, insider Keith Costello acquired 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was purchased at an average cost of $23.13 per share, with a total value of $346,950.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jeffrey Gene Rea sold 73,779 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $23.00, for a total value of $1,696,917.00. The disclosure for this sale can be found here. Insiders sold a total of 150,000 shares of company stock valued at $3,600,000 over the last ninety days. 3.70% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BMCH. Ruane Cunniff & Goldfarb Inc. purchased a new position in BMC Stock in the 3rd quarter valued at approximately $55,510,000. Neumeier Poma Investment Counsel LLC increased its stake in BMC Stock by 130.3% in the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 985,550 shares of the company’s stock valued at $21,041,000 after purchasing an additional 557,675 shares in the last quarter. Northern Trust Corp increased its stake in BMC Stock by 72.4% in the 2nd quarter. Northern Trust Corp now owns 1,177,591 shares of the company’s stock valued at $25,730,000 after purchasing an additional 494,409 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in BMC Stock by 26.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,854,388 shares of the company’s stock valued at $39,592,000 after purchasing an additional 392,741 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in BMC Stock by 41.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,242,342 shares of the company’s stock valued at $31,430,000 after purchasing an additional 363,392 shares in the last quarter. 97.08% of the stock is owned by hedge funds and other institutional investors.

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About BMC Stock

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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