BMC Stock Holdings Inc (NASDAQ:BMCH) – Stock analysts at DA Davidson boosted their FY2019 earnings estimates for BMC Stock in a research note issued to investors on Wednesday, November 6th. DA Davidson analyst K. Yinger now expects that the company will earn $1.75 per share for the year, up from their prior estimate of $1.71. DA Davidson also issued estimates for BMC Stock’s Q4 2019 earnings at $0.33 EPS and FY2020 earnings at $1.93 EPS.
A number of other analysts have also commented on BMCH. Royal Bank of Canada raised BMC Stock from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $25.00 to $29.00 in a research note on Tuesday, October 15th. SunTrust Banks set a $25.00 price target on BMC Stock and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Evercore ISI raised BMC Stock from an “in-line” rating to an “outperform” rating in a research note on Friday, August 9th. BidaskClub lowered BMC Stock from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, B. Riley raised their price objective on BMC Stock from $28.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $26.50.
BMCH stock traded up $0.10 on Friday, reaching $28.10. The company’s stock had a trading volume of 244,947 shares, compared to its average volume of 440,993. The business has a fifty day simple moving average of $26.65 and a two-hundred day simple moving average of $23.44. BMC Stock has a 12-month low of $14.66 and a 12-month high of $28.97. The firm has a market cap of $1.84 billion, a PE ratio of 15.11 and a beta of 0.91. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.53 and a current ratio of 2.32.
BMC Stock (NASDAQ:BMCH) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. BMC Stock had a return on equity of 13.87% and a net margin of 3.28%. The company had revenue of $964.25 million during the quarter, compared to analyst estimates of $947.70 million. During the same quarter last year, the firm posted $0.58 earnings per share. The firm’s revenue was down 2.6% on a year-over-year basis.
In other news, insider Lisa M. Hamblet sold 1,000 shares of BMC Stock stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $25.55, for a total value of $25,550.00. Also, Director Carl R. Vertuca, Jr. sold 10,000 shares of BMC Stock stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $25.10, for a total value of $251,000.00. Following the completion of the transaction, the director now directly owns 19,771 shares of the company’s stock, valued at approximately $496,252.10. The disclosure for this sale can be found here. Insiders have sold 97,600 shares of company stock valued at $2,674,083 in the last three months. Insiders own 1.20% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Quantamental Technologies LLC raised its position in shares of BMC Stock by 9.2% in the 2nd quarter. Quantamental Technologies LLC now owns 6,532 shares of the company’s stock worth $138,000 after purchasing an additional 549 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of BMC Stock by 5.4% in the 2nd quarter. Janus Henderson Group PLC now owns 12,836 shares of the company’s stock worth $272,000 after purchasing an additional 658 shares during the last quarter. SG Americas Securities LLC raised its position in shares of BMC Stock by 6.5% in the 3rd quarter. SG Americas Securities LLC now owns 12,454 shares of the company’s stock worth $326,000 after purchasing an additional 755 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of BMC Stock by 23.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,128 shares of the company’s stock worth $108,000 after purchasing an additional 785 shares during the last quarter. Finally, Capital Fund Management S.A. raised its position in shares of BMC Stock by 12.9% in the 2nd quarter. Capital Fund Management S.A. now owns 14,900 shares of the company’s stock worth $316,000 after purchasing an additional 1,700 shares during the last quarter. 99.04% of the stock is owned by hedge funds and other institutional investors.
BMC Stock Company Profile
BMC Stock Holdings, Inc distributes lumber and building materials to new construction, and repair and remodeling contractors in the United States. Its products comprise structural components, such as floor and 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 trims, custom millworks, moldings, stairs and stair parts, and cabinetry and other products.
Further Reading: Equity Income
Receive News & Ratings for BMC Stock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BMC Stock and related companies with MarketBeat.com's FREE daily email newsletter.