Vanguard Group Inc. increased its position in shares of BMC Stock Holdings, Inc. (NASDAQ:BMCH) by 2.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,558,236 shares of the company’s stock after buying an additional 51,273 shares during the quarter. Vanguard Group Inc. owned 3.82% of BMC Stock Holdings worth $55,897,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its holdings in BMC Stock Holdings by 2,853.3% during the second quarter. BNP Paribas Arbitrage SA now owns 7,147 shares of the company’s stock valued at $156,000 after purchasing an additional 6,905 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new stake in BMC Stock Holdings during the first quarter valued at approximately $209,000. PNC Financial Services Group Inc. acquired a new position in shares of BMC Stock Holdings in the 1st quarter worth approximately $254,000. Principal Financial Group Inc. acquired a new position in shares of BMC Stock Holdings in the 1st quarter worth approximately $276,000. Finally, Private Capital Advisors Inc. acquired a new position in shares of BMC Stock Holdings in the 2nd quarter worth approximately $277,000.
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In other news, insider James F. Jr. Major sold 20,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $20.24, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey Gene Rea sold 75,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $22.00, for a total transaction of $1,650,000.00. The disclosure for this sale can be found here. Insiders sold a total of 123,000 shares of company stock valued at $2,645,040 in the last three months. 3.70% of the stock is owned by company insiders.
Several research analysts have recently commented on BMCH shares. Robert W. Baird reissued a “buy” rating and issued a $23.00 target price on shares of BMC Stock Holdings in a report on Monday, October 9th. Barclays PLC reduced their target price on BMC Stock Holdings from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, August 4th. FBR & Co reduced their target price on BMC Stock Holdings from $26.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, August 22nd. Royal Bank Of Canada restated a “buy” rating and issued a $24.00 price objective on shares of BMC Stock Holdings in a research report on Tuesday, July 18th. Finally, B. Riley restated a “buy” rating and issued a $25.00 price objective (up previously from $22.00) on shares of BMC Stock Holdings in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $23.83.
Shares of BMC Stock Holdings, Inc. (BMCH) opened at $22.60 on Monday. The company has a market cap of $1,515.05, a price-to-earnings ratio of 23.06 and a beta of 1.49. BMC Stock Holdings, Inc. has a 1 year low of $17.45 and a 1 year high of $23.90. The company has a current ratio of 2.29, a quick ratio of 1.38 and a debt-to-equity ratio of 0.57.
BMC Stock Holdings (NASDAQ:BMCH) last issued its earnings results on Monday, November 6th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). The business had revenue of $881.01 million for the quarter, compared to the consensus estimate of $888.09 million. BMC Stock Holdings had a net margin of 1.53% and a return on equity of 9.42%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 EPS. equities research analysts forecast that BMC Stock Holdings, Inc. will post 0.98 earnings per share for the current fiscal year.
BMC Stock Holdings 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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