BMC Stock Holdings, Inc. (NASDAQ:BMCH)‘s stock had its “buy” rating reaffirmed by Royal Bank Of Canada in a report issued on Wednesday. They currently have a $26.00 price target on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 14.79% from the stock’s previous close.
Several other equities research analysts have also commented on BMCH. Barclays PLC reduced their price target on shares of BMC Stock Holdings from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, August 4th. Zacks Investment Research lowered shares of BMC Stock Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. FBR & Co reduced their price objective on shares of BMC Stock Holdings from $26.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, August 22nd. Robert W. Baird reiterated a “buy” rating and set a $23.00 price objective on shares of BMC Stock Holdings in a research note on Sunday, September 10th. Finally, B. Riley reiterated a “buy” rating and set a $25.00 price objective (up previously from $22.00) on shares of BMC Stock Holdings in a research note on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. BMC Stock Holdings presently has a consensus rating of “Buy” and an average target price of $24.00.
BMC Stock Holdings (NASDAQ:BMCH) traded up $0.50 during trading hours on Wednesday, hitting $22.65. 618,500 shares of the stock traded hands, compared to its average volume of 554,854. BMC Stock Holdings has a twelve month low of $17.45 and a twelve month high of $23.90. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.38 and a current ratio of 2.29. The company has a market cap of $1,484.88, a price-to-earnings ratio of 22.60 and a beta of 1.49.
BMC Stock Holdings (NASDAQ:BMCH) last posted its quarterly 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). BMC Stock Holdings had a net margin of 1.53% and a return on equity of 9.42%. The business had revenue of $881.01 million during the quarter, compared to the consensus estimate of $888.09 million. During the same quarter in the prior year, the firm posted $0.32 EPS. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. sell-side analysts expect that BMC Stock Holdings will post 0.98 EPS for the current fiscal year.
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In other BMC Stock Holdings news, insider Michael Alan Farmer sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $22.20, for a total transaction of $44,400.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jeffrey Gene Rea sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was 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. In the last three months, insiders have sold 125,000 shares of company stock worth $2,689,440. 3.70% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. Zions Bancorporation purchased a new stake in shares of BMC Stock Holdings in the 3rd quarter valued at $110,000. Ameritas Investment Partners Inc. boosted its holdings in shares of BMC Stock Holdings by 20.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,748 shares of the company’s stock valued at $126,000 after acquiring an additional 989 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of BMC Stock Holdings by 2,853.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,147 shares of the company’s stock valued at $156,000 after acquiring an additional 6,905 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new stake in shares of BMC Stock Holdings in the 1st quarter valued at $209,000. Finally, Aperio Group LLC purchased a new stake in shares of BMC Stock Holdings in the 3rd quarter valued at $209,000.
BMC Stock Holdings Company 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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