Building Materials (BMCH) Downgraded by BidaskClub to “Strong Sell”

Building Materials (NASDAQ:BMCH) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday.

Other research analysts have also recently issued reports about the company. Zacks Investment Research raised Building Materials from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Tuesday, May 1st. ValuEngine cut Building Materials from a “hold” rating to a “sell” rating in a research note on Thursday, April 26th. TheStreet cut Building Materials from a “b-” rating to a “c” rating in a research note on Thursday, February 22nd. Royal Bank of Canada set a $23.00 target price on Building Materials and gave the company a “buy” rating in a research note on Wednesday, February 14th. Finally, Stephens set a $23.00 target price on Building Materials and gave the company a “buy” rating in a research note on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $22.88.

Building Materials traded up $0.15, reaching $19.65, on Thursday, Marketbeat reports. The company’s stock had a trading volume of 426 shares, compared to its average volume of 543,544. Building Materials has a 1-year low of $19.40 and a 1-year high of $19.75. The company has a current ratio of 2.21, a quick ratio of 1.27 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 19.22 and a beta of 1.36.

Building Materials (NASDAQ:BMCH) last posted its earnings results on Tuesday, May 8th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.17. Building Materials had a return on equity of 10.99% and a net margin of 2.01%. The firm had revenue of $834.20 million during the quarter, compared to analysts’ expectations of $842.86 million. During the same period in the previous year, the firm earned $0.11 earnings per share. The company’s revenue was up 10.1% on a year-over-year basis. sell-side analysts forecast that Building Materials will post 1.47 earnings per share for the current year.

In other news, Director Carl R. Vertuca, Jr. sold 2,000 shares of the business’s stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $19.88, for a total value of $39,760.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Carl R. Vertuca, Jr. sold 7,000 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $19.70, for a total value of $137,900.00. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its holdings in Building Materials by 1.3% during the fourth quarter. BlackRock Inc. now owns 4,169,075 shares of the company’s stock worth $105,476,000 after acquiring an additional 52,667 shares in the last quarter. Frontier Capital Management Co. LLC raised its holdings in Building Materials by 4.0% during the fourth quarter. Frontier Capital Management Co. LLC now owns 3,793,555 shares of the company’s stock worth $95,977,000 after acquiring an additional 145,067 shares in the last quarter. Boston Partners raised its holdings in Building Materials by 29.9% during the first quarter. Boston Partners now owns 2,620,211 shares of the company’s stock worth $51,225,000 after acquiring an additional 603,697 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Building Materials by 12.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,243,734 shares of the company’s stock worth $43,865,000 after acquiring an additional 242,844 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Building Materials by 1.0% during the first quarter. Victory Capital Management Inc. now owns 1,543,837 shares of the company’s stock worth $30,182,000 after acquiring an additional 15,452 shares in the last quarter.

Building Materials Company Profile

BMC Stock Holdings, Inc operates as lumber and building materials distributor and solutions provider in the United States. Its primary products include structural components, such as floor trusses, roof trusses, wall panels, and engineered wood products; lumber and lumber sheet goods, including dimensional lumber, plywood, and oriented strand board products used in on-site house framing under the Ready-Frame brand; and millwork, doors, and windows comprising interior and exterior doors, windows, interior trim, custom millwork, moldings, stairs and stair parts, and cabinetry and other products.

Analyst Recommendations for Building Materials (NASDAQ:BMCH)

Receive News & Ratings for Building Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Building Materials and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply