Wells Fargo & Company MN increased its holdings in BMC Stock Holdings Inc (NASDAQ:BMCH) by 17.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 428,702 shares of the company’s stock after acquiring an additional 64,649 shares during the quarter. Wells Fargo & Company MN owned about 0.64% of BMC Stock worth $7,601,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new stake in BMC Stock in the fourth quarter worth $28,000. Americana Partners LLC purchased a new stake in BMC Stock in the fourth quarter worth $29,000. Advisor Group Inc. lifted its stake in BMC Stock by 67.1% in the fourth quarter. Advisor Group Inc. now owns 1,315 shares of the company’s stock worth $38,000 after acquiring an additional 528 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its stake in BMC Stock by 29.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,445 shares of the company’s stock worth $41,000 after acquiring an additional 331 shares during the period. Finally, C M Bidwell & Associates Ltd. purchased a new stake in BMC Stock in the fourth quarter worth $50,000.
A number of analysts recently commented on the company. BidaskClub lowered BMC Stock from a “buy” rating to a “hold” rating in a research note on Thursday, June 11th. B. Riley raised their price objective on BMC Stock from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Robert W. Baird raised their price objective on BMC Stock from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Barclays reissued a “hold” rating and set a $21.00 price objective on shares of BMC Stock in a research report on Monday, April 20th. Finally, Wedbush lowered their price objective on BMC Stock from $31.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, April 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $25.08.
NASDAQ BMCH opened at $24.13 on Tuesday. BMC Stock Holdings Inc has a one year low of $13.38 and a one year high of $31.67. The stock has a 50-day moving average of $24.59 and a 200 day moving average of $24.75. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 13.64 and a beta of 1.43. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.84 and a current ratio of 2.72.
BMC Stock (NASDAQ:BMCH) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.29 by $0.11. BMC Stock had a return on equity of 12.43% and a net margin of 3.00%. The company had revenue of $920.90 million during the quarter, compared to the consensus estimate of $892.13 million. During the same period last year, the company earned $0.37 EPS. BMC Stock’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, equities analysts predict that BMC Stock Holdings Inc will post 1.18 earnings per share for the current fiscal year.
About BMC Stock
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.
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