BidaskClub cut shares of Building Materials (NASDAQ:BMCH) from a hold rating to a sell rating in a research note published on Tuesday morning.
Several other research analysts have also issued reports on BMCH. TheStreet raised shares of Building Materials from a c rating to a b- rating in a research note on Thursday, April 5th. American Capital Partners reissued a neutral rating and set a $26.00 target price (up from $25.00) on shares of Building Materials in a research note on Friday, January 5th. Zacks Investment Research raised shares of Building Materials from a hold rating to a buy rating and set a $23.00 target price on the stock in a research note on Thursday, February 22nd. Barclays cut their target price on shares of Building Materials from $28.00 to $24.00 and set an overweight rating on the stock in a research note on Wednesday, February 28th. Finally, Stephens set a $23.00 target price on shares of Building Materials and gave the stock a buy rating in a research note on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $23.38.
NASDAQ:BMCH opened at $18.85 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.35 and a current ratio of 2.33. Building Materials has a 52 week low of $18.20 and a 52 week high of $25.70. The firm has a market capitalization of $1,243.12, a PE ratio of 18.48 and a beta of 1.33.
Building Materials (NASDAQ:BMCH) last issued its earnings results on Tuesday, February 27th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.03). The company had revenue of $840.88 million for the quarter, compared to the consensus estimate of $821.77 million. Building Materials had a return on equity of 9.50% and a net margin of 1.71%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 earnings per share. equities research analysts forecast that Building Materials will post 1.44 earnings per share for the current year.
In other Building Materials news, Director David W. Bullock acquired 5,000 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were purchased at an average cost of $19.13 per share, with a total value of $95,650.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Carl R. Vertuca, Jr. sold 7,000 shares of the firm’s stock in a transaction on Tuesday, March 6th. The shares were 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. 1.20% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in BMCH. Pinnacle Associates Ltd. bought a new position in shares of Building Materials in the fourth quarter valued at $202,000. Paloma Partners Management Co bought a new position in shares of Building Materials in the fourth quarter valued at $208,000. Amalgamated Bank bought a new position in shares of Building Materials in the fourth quarter valued at $222,000. Vident Investment Advisory LLC bought a new position in shares of Building Materials in the third quarter valued at $285,000. Finally, Koch Industries Inc. bought a new position in shares of Building Materials in the fourth quarter valued at $426,000.
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About Building Materials
BMC Stock Holdings, Inc operates as lumber and building materials distributor and solutions provider in the United States. Its primary products include structural components, such as floor trusses, roof trusses, wall panels, and engineered wood products; lumber and lumber sheet goods, including dimensional lumber, plywood, and oriented strand board products used in on-site house framing under the Ready-Frame brand; and millwork, doors, and windows comprising interior and exterior doors, windows, interior trim, custom millwork, moldings, stairs and stair parts, and cabinetry and other products.
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