NWQ Investment Management Company LLC acquired a new stake in BMC Stock Holdings Inc (NASDAQ:BMCH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 411,370 shares of the company’s stock, valued at approximately $10,408,000. NWQ Investment Management Company LLC owned about 0.61% of BMC Stock at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in BMCH. Ruane Cunniff & Goldfarb Inc. purchased a new stake in shares of BMC Stock in the 3rd quarter valued at $55,510,000. Lakewood Capital Management LP purchased a new stake in shares of BMC Stock in the 4th quarter valued at $24,678,000. Neumeier Poma Investment Counsel LLC boosted its holdings in shares of BMC Stock by 130.3% in the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 985,550 shares of the company’s stock valued at $21,041,000 after acquiring an additional 557,675 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 acquiring an additional 392,741 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of BMC Stock by 41.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,242,342 shares of the company’s stock valued at $31,430,000 after acquiring an additional 363,392 shares during the last quarter.
BMC Stock Holdings Inc (NASDAQ:BMCH) opened at $20.15 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 2.33 and a debt-to-equity ratio of 0.49. BMC Stock Holdings Inc has a 12 month low of $18.20 and a 12 month high of $25.70. The stock has a market cap of $1,346.17, a price-to-earnings ratio of 19.85 and a beta of 1.41.
BMC Stock (NASDAQ:BMCH) last posted its earnings results on Tuesday, February 27th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.03). BMC Stock had a net margin of 1.71% and a return on equity of 9.50%. The firm had revenue of $840.88 million during the quarter, compared to analyst estimates of $821.77 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. research analysts anticipate that BMC Stock Holdings Inc will post 1.46 earnings per share for the current year.
Several research firms have recently commented on BMCH. BidaskClub downgraded shares of BMC Stock from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th. Royal Bank of Canada set a $23.00 price objective on shares of BMC Stock and gave the company a “buy” rating in a report on Wednesday, February 14th. TheStreet cut shares of BMC Stock from a “b-” rating to a “c” rating in a research note on Thursday, February 22nd. Finally, Zacks Investment Research cut shares of BMC Stock from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $23.67.
In related news, Director David W. Bullock acquired 5,000 shares of BMC Stock stock in a transaction on Thursday, March 1st. The stock was bought at an average cost of $19.13 per share, for a total transaction of $95,650.00. The acquisition was disclosed in a 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 company’s stock in a transaction on 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. Corporate insiders own 3.70% of the company’s stock.
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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