BMC Stock Holdings Inc (NASDAQ:BMCH) – Equities research analysts at B. Riley lifted their FY2017 earnings per share estimates for BMC Stock in a research note issued to investors on Wednesday, according to Zacks Investment Research. B. Riley analyst A. Rygiel now anticipates that the company will earn $0.97 per share for the year, up from their prior forecast of $0.92. B. Riley currently has a “Neutral” rating and a $26.00 target price on the stock. B. Riley also issued estimates for BMC Stock’s FY2018 earnings at $1.51 EPS.
BMCH has been the topic of several other reports. Zacks Investment Research raised shares of BMC Stock from a “sell” rating to a “hold” rating and set a $27.00 price target on the stock in a research report on Friday, January 5th. BidaskClub cut shares of BMC Stock from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 4th. American Capital Partners restated a “neutral” rating and set a $26.00 price objective (up from $25.00) on shares of BMC Stock in a research note on Friday, January 5th. Royal Bank of Canada restated an “outperform” rating and set a $25.00 price objective (up from $23.00) on shares of BMC Stock in a research note on Tuesday, November 7th. Finally, Robert W. Baird restated a “buy” rating and set a $23.00 price objective 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 issued 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 (BMCH) opened at $24.50 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.38 and a current ratio of 2.29. BMC Stock has a 52-week low of $17.45 and a 52-week high of $25.70. The company has a market cap of $1,649.12, a PE ratio of 25.10 and a beta of 1.50.
BMC Stock (NASDAQ:BMCH) last posted its quarterly earnings data on Monday, November 6th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). The company 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%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 earnings per share.
Hedge funds and other institutional investors have recently bought and sold shares of the business. FNY Partners Fund LP boosted its holdings in BMC Stock by 4,066.7% in the 2nd quarter. FNY Partners Fund LP now owns 25,000 shares of the company’s stock valued at $546,000 after purchasing an additional 24,400 shares during the period. Vident Investment Advisory LLC bought a new stake in BMC Stock in the 3rd quarter valued at about $285,000. Prudential Financial Inc. boosted its holdings in BMC Stock by 1,341.2% in the 2nd quarter. Prudential Financial Inc. now owns 345,320 shares of the company’s stock valued at $7,545,000 after purchasing an additional 321,360 shares during the period. Teachers Advisors LLC boosted its holdings in BMC Stock by 46.3% in the 2nd quarter. Teachers Advisors LLC now owns 155,448 shares of the company’s stock valued at $3,397,000 after purchasing an additional 49,192 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in BMC Stock by 17.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,608 shares of the company’s stock valued at $1,106,000 after purchasing an additional 7,691 shares during the period.
In related news, insider Keith Costello purchased 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were acquired at an average price of $23.13 per share, for a total transaction of $346,950.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 227,000 shares of company stock worth $5,294,400. 3.70% of the stock is owned by company insiders.
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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.
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