BMC Stock (BMCH) PT Lowered to $24.00
BMC Stock (NASDAQ:BMCH) had its price target cut by Barclays from $28.00 to $24.00 in a research report report published on Wednesday morning, MarketBeat.com reports. They currently have an overweight rating on the stock.
Other equities research analysts also recently issued research reports about the stock. TheStreet raised shares of BMC Stock from a c rating to a b- rating in a research report on Friday, December 1st. BidaskClub downgraded shares of BMC Stock from a strong-buy rating to a buy rating in a research report on Thursday, January 4th. B. Riley reaffirmed a buy rating and set a $25.00 price objective (up previously from $22.00) on shares of BMC Stock in a research report on Tuesday, November 7th. Royal Bank of Canada reaffirmed a buy rating and set a $26.00 price objective on shares of BMC Stock in a research report on Wednesday, November 15th. Finally, Zacks Investment Research raised shares of BMC Stock from a hold rating to a buy rating and set a $23.00 price objective for the company in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. BMC Stock currently has an average rating of Buy and an average target price of $23.67.
Shares of BMC Stock (NASDAQ:BMCH) opened at $18.55 on Wednesday. The firm has a market cap of $1,220.00, a PE ratio of 23.19 and a beta of 1.41. BMC Stock has a 1 year low of $18.20 and a 1 year high of $25.70. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.29 and a quick ratio of 1.38.
In related news, Director Jeffrey Gene Rea sold 75,000 shares of the business’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $25.00, for a total transaction of $1,875,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David W. Bullock bought 5,000 shares of BMC Stock 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 disclosure for this purchase can be found here. 3.70% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in BMC Stock by 26.9% during 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 during the period. Vident Investment Advisory LLC acquired a new position in BMC Stock during the 3rd quarter valued at about $285,000. Frontier Capital Management Co. LLC boosted its stake in BMC Stock by 4.0% during the 4th quarter. Frontier Capital Management Co. LLC now owns 3,793,555 shares of the company’s stock valued at $95,977,000 after purchasing an additional 145,067 shares during the period. The Manufacturers Life Insurance Company boosted its stake in BMC Stock by 17.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,608 shares of the company’s stock valued at $1,106,000 after purchasing an additional 7,691 shares during the period. Finally, GMT Capital Corp boosted its stake in BMC Stock by 4.1% during the 3rd quarter. GMT Capital Corp now owns 767,046 shares of the company’s stock valued at $16,376,000 after purchasing an additional 30,369 shares during the period.
COPYRIGHT VIOLATION WARNING: This news story was posted by Watch List News and is the property of of Watch List News. If you are accessing this news story on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The legal version of this news story can be accessed at https://www.watchlistnews.com/bmc-stock-bmch-pt-lowered-to-24-00/1905937.html.
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.
Receive News & Ratings for BMC Stock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BMC Stock and related companies with MarketBeat.com's FREE daily email newsletter.