BMC Stock (NASDAQ:BMCH) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of BMC Stock (NASDAQ:BMCH) from a sell rating to a hold rating in a research note published on Friday, January 5th. The firm currently has $27.00 target price on the stock.

According to Zacks, “BMC Stock Holdings Inc provides diversified building products and services to professional builders and contractors primarily in the residential housing market. The Company’s portfolio of products and services spans building materials includes millwork and structural component manufacturing capabilities, consultative showrooms and design centers, value-added installation management and eBusiness platform. BMC Stock Holdings, Inc., formerly known as Stock Building Supply Holdings, is headquartered in Raleigh, North Carolina. “

Other equities analysts have also issued research reports about the company. TheStreet upgraded BMC Stock from a c rating to a b- rating in a research note on Friday, December 1st. BidaskClub lowered BMC Stock from a strong-buy rating to a buy rating in a research note on Thursday, January 4th. Royal Bank of Canada reiterated a buy rating and set a $26.00 target price on shares of BMC Stock in a research note on Wednesday, November 15th. B. Riley reiterated a buy rating and set a $25.00 target price (up previously from $22.00) on shares of BMC Stock in a research note on Tuesday, November 7th. Finally, Robert W. Baird reiterated a buy rating and set a $23.00 target price on shares of BMC Stock in a research note on Monday, October 9th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $24.75.

BMC Stock (NASDAQ:BMCH) traded up $0.65 during trading hours on Friday, reaching $24.60. The company’s stock had a trading volume of 1,232,000 shares, compared to its average volume of 881,700. The company has a quick ratio of 1.38, a current ratio of 2.29 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $1,650.00, a price-to-earnings ratio of 32.80 and a beta of 1.50. BMC Stock has a 12-month low of $17.45 and a 12-month high of $25.70.

BMC Stock (NASDAQ:BMCH) last released its quarterly earnings data on Monday, November 6th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). The business had revenue of $881.01 million during the quarter, compared to the consensus estimate of $888.09 million. BMC Stock had a net margin of 1.53% and a return on equity of 9.42%. BMC Stock’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 EPS. equities research analysts forecast that BMC Stock will post 0.99 earnings per share for the current fiscal year.

In other BMC Stock news, insider Keith Costello bought 15,000 shares of BMC Stock stock in a transaction on Wednesday, December 13th. The shares were purchased at an average price of $23.13 per share, with a total value of $346,950.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jeffrey Gene Rea sold 75,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $22.00, for a total value of $1,650,000.00. The disclosure for this sale can be found here. Insiders have sold 227,000 shares of company stock worth $5,294,400 in the last three months. 3.70% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Highlander Capital Management LLC boosted its holdings in shares of BMC Stock by 2.2% during the 2nd quarter. Highlander Capital Management LLC now owns 22,800 shares of the company’s stock valued at $504,000 after acquiring an additional 500 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of BMC Stock by 20.8% during 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 in the last quarter. Legal & General Group Plc boosted its holdings in shares of BMC Stock by 15.5% during the 2nd quarter. Legal & General Group Plc now owns 15,739 shares of the company’s stock valued at $344,000 after acquiring an additional 2,108 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of BMC Stock by 15.8% during the 3rd quarter. SG Americas Securities LLC now owns 22,153 shares of the company’s stock valued at $473,000 after acquiring an additional 3,027 shares in the last quarter. Finally, American International Group Inc. boosted its holdings in shares of BMC Stock by 8.1% during the 3rd quarter. American International Group Inc. now owns 43,908 shares of the company’s stock valued at $937,000 after acquiring an additional 3,283 shares in the last quarter.

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BMC Stock 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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