BidaskClub Upgrades BMC Stock (NASDAQ:BMCH) to Buy

BMC Stock (NASDAQ:BMCH) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Thursday, December 21st.

BMCH has been the subject of several other reports. Robert W. Baird reissued a “buy” rating and issued a $23.00 price target on shares of BMC Stock in a research note on Monday, October 9th. B. Riley reissued a “buy” rating and issued a $25.00 price target (up from $22.00) on shares of BMC Stock in a research note on Tuesday, November 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $25.00 price target (up from $23.00) on shares of BMC Stock in a research note on Tuesday, November 7th. Finally, TheStreet raised shares of BMC Stock from a “c” rating to a “b-” rating in a research note on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $24.75.

Shares of BMC Stock (NASDAQ:BMCH) traded down $0.10 during trading hours on Thursday, reaching $24.50. 694,549 shares of the company traded hands, compared to its average volume of 860,900. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.29 and a quick ratio of 1.38. The stock has a market capitalization of $1,640.00, a price-to-earnings ratio of 32.67 and a beta of 1.50. BMC Stock has a one year low of $17.45 and a one year high of $25.70.

BMC Stock (NASDAQ:BMCH) last posted its quarterly earnings results on Monday, November 6th. The company reported $0.34 earnings per share 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 return on equity of 9.42% and a net margin of 1.53%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.32 earnings per share. equities analysts predict that BMC Stock will post 0.99 earnings per share for the current fiscal year.

In other news, Director Jeffrey Gene Rea sold 75,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $22.00, for a total transaction of $1,650,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Alan Farmer sold 2,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $22.20, for a total transaction of $44,400.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 227,000 shares of company stock valued at $5,294,400. Insiders own 3.70% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Zions Bancorporation purchased a new position in shares of BMC Stock during the third quarter valued at about $110,000. Ameritas Investment Partners Inc. increased its position in shares of BMC Stock by 20.8% during the second quarter. Ameritas Investment Partners Inc. now owns 5,748 shares of the company’s stock valued at $126,000 after buying an additional 989 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of BMC Stock 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 buying an additional 6,905 shares during the period. Aperio Group LLC purchased a new position in shares of BMC Stock during the third quarter valued at about $209,000. Finally, Koch Industries Inc. purchased a new position in shares of BMC Stock during the second quarter valued at about $244,000.

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About BMC Stock

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.

Analyst Recommendations for BMC Stock (NASDAQ:BMCH)

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