Forest Hill Capital LLC lifted its stake in BMC Stock Holdings Inc (NASDAQ:BMCH) by 9.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 202,258 shares of the company’s stock after buying an additional 18,000 shares during the period. Forest Hill Capital LLC owned approximately 0.30% of BMC Stock worth $5,117,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. grew its position in shares of BMC Stock by 1.3% in the 4th quarter. BlackRock Inc. now owns 4,169,075 shares of the company’s stock valued at $105,476,000 after buying an additional 52,667 shares during the last quarter. Frontier Capital Management Co. LLC grew its position in shares of BMC Stock by 4.0% in the 4th quarter. Frontier Capital Management Co. LLC now owns 3,793,555 shares of the company’s stock valued at $95,977,000 after buying an additional 145,067 shares during the last quarter. Ruane Cunniff & Goldfarb Inc. purchased a new position in shares of BMC Stock in the 3rd quarter valued at $55,510,000. Boston Partners grew its position in shares of BMC Stock by 3.4% in the 4th quarter. Boston Partners now owns 2,016,514 shares of the company’s stock valued at $51,018,000 after buying an additional 66,361 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of 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 buying an additional 392,741 shares during the last quarter.
A number of research analysts recently commented on BMCH shares. BidaskClub raised shares of BMC Stock from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. Zacks Investment Research raised shares of BMC Stock from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Thursday, February 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $23.00 target price (up from $22.00) on shares of BMC Stock in a research report on Wednesday, February 28th. B. Riley downgraded shares of BMC Stock from a “buy” rating to a “neutral” rating and increased their target price for the company from $25.00 to $26.00 in a research report on Wednesday, January 3rd. Finally, American Capital Partners reissued a “neutral” rating and set a $26.00 price objective (up from $25.00) on shares of BMC Stock in a research report on Friday, January 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $23.67.
BMC Stock (NASDAQ:BMCH) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.03). BMC Stock had a return on equity of 9.50% and a net margin of 1.71%. The business had revenue of $840.88 million for the quarter, compared to analysts’ expectations of $821.77 million. During the same period in the previous year, the business posted $0.21 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. equities analysts anticipate that BMC Stock Holdings Inc will post 1.46 earnings per share for the current fiscal year.
In other news, Director Jeffrey Gene Rea sold 75,000 shares of BMC Stock stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $25.00, for a total value of $1,875,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David W. Bullock bought 5,000 shares of the stock in a transaction dated Thursday, March 1st. The stock was purchased at an average cost of $19.13 per share, for a total transaction of $95,650.00. The disclosure for this purchase can be found here. Company insiders own 3.70% of the company’s stock.
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BMC Stock 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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