Teacher Retirement System of Texas purchased a new stake in BMC Stock Holdings Inc (NASDAQ:BMCH) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,736 shares of the company’s stock, valued at approximately $525,000.
Other hedge funds have also added to or reduced their stakes in the company. Zions Bancorporation acquired a new position in shares of BMC Stock in the third quarter valued at about $110,000. Aperio Group LLC acquired a new position in shares of BMC Stock in the third quarter valued at about $209,000. Vident Investment Advisory LLC acquired a new position in shares of BMC Stock in the third quarter valued at about $285,000. Sei Investments Co. grew its stake in shares of BMC Stock by 2,582.9% in the third quarter. Sei Investments Co. now owns 13,495 shares of the company’s stock valued at $288,000 after acquiring an additional 12,992 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of BMC Stock in the third quarter valued at about $316,000.
Several equities research analysts recently weighed in on BMCH shares. TheStreet raised shares of BMC Stock from a “c” rating to a “b-” rating in a research report on Friday, December 1st. BidaskClub cut shares of BMC Stock from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 4th. Royal Bank of Canada reaffirmed a “buy” rating and set a $26.00 price objective on shares of BMC Stock in a research report on Wednesday, November 15th. Zacks Investment Research raised shares of BMC Stock from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Thursday, February 22nd. Finally, Stephens set a $23.00 price objective on shares of BMC Stock and gave the stock a “buy” rating in a research report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $23.67.
Shares of BMC Stock Holdings Inc (NASDAQ BMCH) opened at $20.25 on Thursday. BMC Stock Holdings Inc has a 52-week low of $18.20 and a 52-week high of $25.70. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.35 and a current ratio of 2.33. The firm has a market cap of $1,352.88, a PE ratio of 19.95 and a beta of 1.41.
BMC Stock (NASDAQ:BMCH) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.03). The firm had revenue of $840.88 million for the quarter, compared to the consensus estimate of $821.77 million. BMC Stock had a return on equity of 9.50% and a net margin of 1.71%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 EPS. analysts expect that BMC Stock Holdings Inc will post 1.46 EPS for the current fiscal year.
In other news, Director Jeffrey Gene Rea sold 75,000 shares of the stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $25.00, for a total value of $1,875,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carl R. Vertuca, Jr. sold 7,000 shares of the stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $19.70, for a total transaction of $137,900.00. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.
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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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