BMC Stock (BMCH) Cut to “Buy” at BidaskClub
BidaskClub lowered shares of BMC Stock (NASDAQ:BMCH) from a strong-buy rating to a buy rating in a research report report published on Thursday.
A number of other analysts also recently issued reports on the stock. Robert W. Baird restated a buy rating and set a $23.00 price objective on shares of BMC Stock in a report on Sunday, September 10th. Royal Bank of Canada restated a buy rating and set a $26.00 price objective on shares of BMC Stock in a report on Wednesday, November 15th. TheStreet upgraded shares of BMC Stock from a c rating to a b- rating in a report on Friday, December 1st. Finally, B. Riley restated a buy rating and set a $25.00 price objective (up previously from $22.00) on shares of BMC Stock in a report on Tuesday, November 7th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. BMC Stock presently has an average rating of Buy and an average price target of $24.43.
Shares of BMC Stock (NASDAQ BMCH) traded up $0.15 during mid-day trading on Thursday, hitting $24.45. 519,100 shares of the stock traded hands, compared to its average volume of 701,376. The stock has a market capitalization of $1,640.00, a P/E ratio of 32.60 and a beta of 1.50. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.38 and a current ratio of 2.29. BMC Stock has a 52 week low of $17.45 and a 52 week high of $25.70.
BMC Stock (NASDAQ:BMCH) last announced its earnings results on Monday, November 6th. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.01). BMC Stock had a net margin of 1.53% and a return on equity of 9.42%. The firm had revenue of $881.01 million during the quarter, compared to analysts’ expectations of $888.09 million. During the same quarter in the prior year, the company earned $0.32 EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. equities research analysts predict that BMC Stock will post 0.99 earnings per share for the current year.
In other BMC Stock news, insider Keith Costello bought 15,000 shares of BMC Stock stock in a transaction dated Wednesday, December 13th. The stock was purchased at an average price of $23.13 per share, for a total transaction of $346,950.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey Gene Rea sold 75,000 shares of BMC Stock stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $22.00, for a total transaction of $1,650,000.00. The disclosure for this sale can be found here. Insiders have sold 255,000 shares of company stock valued at $5,884,640 in the last 90 days. 3.70% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of BMCH. Schwab Charles Investment Management Inc. increased its stake in shares of BMC Stock by 23.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 310,505 shares of the company’s stock worth $6,785,000 after purchasing an additional 58,684 shares in the last quarter. Rhumbline Advisers increased its stake in shares of BMC Stock by 30.8% in the second quarter. Rhumbline Advisers now owns 77,646 shares of the company’s stock worth $1,697,000 after purchasing an additional 18,287 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of BMC Stock in the second quarter worth about $418,000. Bank of New York Mellon Corp increased its stake in shares of BMC Stock by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 1,065,105 shares of the company’s stock worth $23,273,000 after purchasing an additional 36,409 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of BMC Stock by 15.5% in the second quarter. Legal & General Group Plc now owns 15,739 shares of the company’s stock worth $344,000 after purchasing an additional 2,108 shares in the last quarter.
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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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