BidaskClub Lowers BMC Stock (BMCH) to Hold

BidaskClub cut shares of BMC Stock (NASDAQ:BMCH) from a buy rating to a hold rating in a report issued on Tuesday.

A number of other equities analysts have also commented on the stock. Robert W. Baird reissued a buy rating and issued a $23.00 price target on shares of BMC Stock in a research report on Sunday, September 10th. Royal Bank of Canada reissued a buy rating and issued a $26.00 price target on shares of BMC Stock in a research report on Wednesday, November 15th. B. Riley reissued a buy rating and issued a $25.00 price target (up previously from $22.00) on shares of BMC Stock in a research report on Tuesday, November 7th. FBR & Co dropped their target price on shares of BMC Stock from $26.00 to $22.00 and set a buy rating on the stock in a research report on Tuesday, August 22nd. Finally, TheStreet raised shares of BMC Stock from a c rating to a b- rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of Buy and an average target price of $24.00.

Shares of BMC Stock (NASDAQ:BMCH) opened at $23.35 on Tuesday. The company has a current ratio of 2.29, a quick ratio of 1.38 and a debt-to-equity ratio of 0.57. The company has a market cap of $1,548.56, a P/E ratio of 23.57 and a beta of 1.50. BMC Stock has a fifty-two week low of $17.45 and a fifty-two week high of $23.90.

BMC Stock (NASDAQ:BMCH) last posted its earnings results on Monday, November 6th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.01). The business had revenue of $881.01 million during the quarter, compared to analyst estimates of $888.09 million. BMC Stock had a net margin of 1.53% and a return on equity of 9.42%. BMC Stock’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.32 earnings per share. analysts anticipate that BMC Stock will post 0.98 EPS for the current year.

In other BMC Stock news, insider Peter Alexander sold 28,000 shares of BMC Stock stock in a transaction on Monday, October 9th. The shares were sold at an average price of $21.08, for a total transaction of $590,240.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael Alan Farmer sold 2,000 shares of BMC Stock stock in a transaction on Thursday, November 9th. The stock was 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. Insiders have sold 180,000 shares of company stock worth $4,009,640 in the last quarter. Corporate insiders own 3.70% of the company’s stock.

Several large investors have recently modified their holdings of the company. Robotti Robert boosted its stake in shares of BMC Stock by 2.4% in the 2nd quarter. Robotti Robert now owns 3,257,763 shares of the company’s stock valued at $63,243,000 after purchasing an additional 77,866 shares in the last quarter. Ruane Cunniff & Goldfarb Inc. acquired a new stake in shares of BMC Stock in the 3rd quarter valued at $55,510,000. Vanguard Group Inc. boosted its stake in shares of BMC Stock by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,558,236 shares of the company’s stock valued at $55,897,000 after purchasing an additional 51,273 shares in the last quarter. Boston Partners boosted its stake in shares of BMC Stock by 1.9% in the 3rd quarter. Boston Partners now owns 1,950,153 shares of the company’s stock valued at $41,636,000 after purchasing an additional 35,878 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of BMC Stock by 26.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,854,388 shares of the company’s stock valued at $39,592,000 after purchasing an additional 392,741 shares in the last quarter.

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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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