Victory Capital Management Inc. grew its holdings in shares of BMC Stock Holdings, Inc. (NASDAQ:BMCH) by 106.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,365,066 shares of the company’s stock after buying an additional 702,295 shares during the quarter. Victory Capital Management Inc. owned 2.04% of BMC Stock Holdings worth $29,827,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in BMCH. Westfield Capital Management Co. LP bought a new position in shares of BMC Stock Holdings during the first quarter valued at approximately $23,629,000. Bank of New York Mellon Corp grew its stake in shares of BMC Stock Holdings by 423.1% during the first quarter. Bank of New York Mellon Corp now owns 1,028,696 shares of the company’s stock valued at $23,250,000 after buying an additional 832,052 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of BMC Stock Holdings by 662.1% during the first quarter. Renaissance Technologies LLC now owns 731,600 shares of the company’s stock valued at $16,534,000 after buying an additional 635,600 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new position in shares of BMC Stock Holdings during the first quarter valued at approximately $10,890,000. Finally, Marshall Wace North America L.P. bought a new position in shares of BMC Stock Holdings during the first quarter valued at approximately $10,890,000.
Shares of BMC Stock Holdings, Inc. (NASDAQ BMCH) remained flat at $20.95 on Friday. The company had a trading volume of 738,559 shares. The company has a market capitalization of $1.40 billion, a PE ratio of 34.40 and a beta of 1.49. BMC Stock Holdings, Inc. has a 52-week low of $15.45 and a 52-week high of $23.90. The stock has a 50-day moving average of $20.43 and a 200 day moving average of $21.47.
BMC Stock Holdings (NASDAQ:BMCH) last posted its earnings results on Thursday, August 3rd. The company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.03). BMC Stock Holdings had a net margin of 1.28% and a return on equity of 9.20%. The company had revenue of $886.38 million during the quarter, compared to analyst estimates of $871.51 million. During the same quarter last year, the business posted $0.32 EPS. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities research analysts anticipate that BMC Stock Holdings, Inc. will post $1.08 EPS for the current fiscal year.
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In other BMC Stock Holdings news, insider Lisa M. Hamblet sold 12,812 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $20.82, for a total value of $266,745.84. Following the completion of the transaction, the insider now owns 74,133 shares in the company, valued at $1,543,449.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider James F. Jr. Major sold 20,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $20.24, for a total transaction of $404,800.00. Following the completion of the transaction, the insider now owns 176,482 shares of the company’s stock, valued at approximately $3,571,995.68. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.
A number of research analysts have recently commented on the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $24.00 target price on shares of BMC Stock Holdings in a research note on Tuesday, July 18th. Zacks Investment Research cut BMC Stock Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 10th. Robert W. Baird reaffirmed a “buy” rating and set a $23.00 target price on shares of BMC Stock Holdings in a research note on Sunday, September 10th. Barclays PLC cut their target price on BMC Stock Holdings from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, August 4th. Finally, FBR & Co cut their target price on BMC Stock Holdings from $26.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. BMC Stock Holdings has a consensus rating of “Buy” and a consensus price target of $23.50.
About BMC Stock Holdings
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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