A number of other analysts also recently commented on BMCH. Evercore ISI upgraded BMC Stock from an “in-line” rating to an “outperform” rating in a research note on Friday, August 9th. B. Riley upgraded BMC Stock from a “neutral” rating to a “buy” rating and upped their target price for the stock from $25.00 to $28.00 in a research note on Wednesday, August 7th. Buckingham Research upped their target price on BMC Stock from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. SunTrust Banks set a $25.00 target price on BMC Stock and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Finally, Zacks Investment Research upgraded BMC Stock from a “hold” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a research note on Friday, August 9th. Nine analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $23.27.
Shares of BMCH opened at $25.23 on Friday. BMC Stock has a 52 week low of $14.66 and a 52 week high of $26.63. The company has a quick ratio of 1.53, a current ratio of 2.35 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 13.56 and a beta of 0.90. The stock’s 50-day moving average price is $25.47 and its 200-day moving average price is $22.39.
BMC Stock (NASDAQ:BMCH) last issued its earnings results on Tuesday, August 6th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. BMC Stock had a return on equity of 14.38% and a net margin of 3.31%. The firm had revenue of $946.38 million for the quarter, compared to the consensus estimate of $934.39 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. The company’s revenue was down 5.2% compared to the same quarter last year. As a group, equities analysts anticipate that BMC Stock will post 1.68 EPS for the current fiscal year.
In related news, insider Lisa M. Hamblet sold 8,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $23.00, for a total value of $184,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James F. Jr. Major sold 25,037 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $25.94, for a total value of $649,459.78. Insiders sold a total of 105,133 shares of company stock valued at $2,607,781 in the last ninety days. 1.20% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in BMC Stock by 7.3% in the 2nd quarter. BlackRock Inc. now owns 5,415,068 shares of the company’s stock worth $114,799,000 after purchasing an additional 368,188 shares during the period. Vanguard Group Inc. raised its holdings in shares of BMC Stock by 1.4% during the second quarter. Vanguard Group Inc. now owns 3,277,653 shares of the company’s stock valued at $69,486,000 after acquiring an additional 44,818 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of BMC Stock by 78.8% during the second quarter. Prudential Financial Inc. now owns 1,969,285 shares of the company’s stock valued at $41,748,000 after acquiring an additional 867,790 shares during the last quarter. Northern Trust Corp raised its holdings in shares of BMC Stock by 0.8% during the second quarter. Northern Trust Corp now owns 1,436,311 shares of the company’s stock valued at $30,450,000 after acquiring an additional 11,332 shares during the last quarter. Finally, Nuveen Asset Management LLC acquired a new position in shares of BMC Stock during the second quarter valued at approximately $24,609,000. 98.85% of the stock is owned by institutional investors.
About BMC Stock
BMC Stock Holdings, Inc distributes lumber and building materials to new construction, and repair and remodeling contractors in the United States. Its products comprise structural components, such as floor and 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 trims, custom millworks, moldings, stairs and stair parts, and cabinetry and other products.
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