Frontier Capital Management Co. LLC lifted its stake in BMC Stock Holdings Inc (NASDAQ:BMCH) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,793,555 shares of the company’s stock after buying an additional 145,067 shares during the period. Frontier Capital Management Co. LLC owned about 5.66% of BMC Stock worth $95,977,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ruane Cunniff & Goldfarb Inc. bought a new stake in shares of BMC Stock in the third quarter valued at about $55,510,000. Vanguard Group Inc. lifted its stake in shares of BMC Stock by 2.0% in the second quarter. Vanguard Group Inc. now owns 2,558,236 shares of the company’s stock valued at $55,897,000 after buying an additional 51,273 shares during the period. Boston Partners lifted its stake in shares of BMC Stock by 1.9% in the third quarter. Boston Partners now owns 1,950,153 shares of the company’s stock valued at $41,636,000 after buying an additional 35,878 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of BMC Stock by 26.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,854,388 shares of the company’s stock valued at $39,592,000 after buying an additional 392,741 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of BMC Stock by 10.3% in the third quarter. Victory Capital Management Inc. now owns 1,505,434 shares of the company’s stock valued at $32,141,000 after buying an additional 140,368 shares during the period.
Several equities research analysts recently weighed in on BMCH shares. TheStreet upgraded shares of BMC Stock from a “c” rating to a “b-” rating in a research note on Friday, December 1st. Robert W. Baird reiterated a “buy” rating and issued a $23.00 target price on shares of BMC Stock in a research note on Monday, October 9th. BidaskClub upgraded shares of BMC Stock from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 27th. Royal Bank of Canada restated a “buy” rating and set a $26.00 price target on shares of BMC Stock in a research note on Wednesday, November 15th. Finally, American Capital Partners restated a “neutral” rating and set a $26.00 price target (up previously from $25.00) on shares of BMC Stock in a research note on Friday, January 5th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $24.75.
Shares of BMC Stock Holdings Inc (NASDAQ:BMCH) remained flat at $$24.10 on Thursday. The stock had a trading volume of 364,000 shares, compared to its average volume of 810,809. The stock has a market cap of $1,615.60, a P/E ratio of 32.13 and a beta of 1.50. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.29 and a quick ratio of 1.38. BMC Stock Holdings Inc has a fifty-two week low of $17.45 and a fifty-two week high of $25.70.
BMC Stock (NASDAQ:BMCH) last announced its quarterly earnings results on Monday, November 6th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates 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 had a return on equity of 9.42% and a net margin of 1.53%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 EPS. research analysts predict that BMC Stock Holdings Inc will post 0.99 earnings per share for the current year.
In other BMC Stock news, Director Jeffrey Gene Rea sold 75,000 shares of the firm’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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Keith Costello acquired 15,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were purchased at an average cost of $23.13 per share, with a total value of $346,950.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 227,000 shares of company stock valued at $5,294,400. Corporate insiders own 3.70% of the company’s stock.
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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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