BMC Stock (BMCH) Raised to Sell at BidaskClub
BMC Stock (NASDAQ:BMCH) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Wednesday.
A number of other brokerages also recently commented on BMCH. TheStreet upgraded BMC Stock from a “c” rating to a “b-” rating in a report on Friday, December 1st. Zacks Investment Research downgraded BMC Stock from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Royal Bank of Canada restated a “buy” rating and set a $26.00 target price on shares of BMC Stock in a report on Wednesday, November 15th. American Capital Partners restated a “neutral” rating and set a $26.00 target price (up previously from $25.00) on shares of BMC Stock in a report on Friday, January 5th. Finally, B. Riley downgraded BMC Stock from a “buy” rating to a “neutral” rating and upped their target price for the company from $25.00 to $26.00 in a report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $24.75.
Shares of BMC Stock (BMCH) opened at $21.00 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.29 and a quick ratio of 1.38. The firm has a market capitalization of $1,451.36, a P/E ratio of 22.09 and a beta of 1.28. BMC Stock has a 12-month low of $18.20 and a 12-month high of $25.70.
In other news, insider Keith Costello acquired 15,000 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was acquired at an average price of $23.13 per share, for a total transaction of $346,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey Gene Rea sold 75,000 shares of the stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $25.00, for a total value of $1,875,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 150,000 shares of company stock valued at $3,600,000. 3.70% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Zions Bancorporation bought a new position in BMC Stock in the third quarter worth $110,000. Ameritas Investment Partners Inc. raised its holdings in BMC Stock by 20.8% in the second quarter. Ameritas Investment Partners Inc. now owns 5,748 shares of the company’s stock worth $126,000 after purchasing an additional 989 shares in the last quarter. Aperio Group LLC bought a new position in BMC Stock in the third quarter worth $209,000. Koch Industries Inc. bought a new position in BMC Stock in the second quarter worth $244,000. Finally, Vident Investment Advisory LLC bought a new position in BMC Stock in the third quarter worth $285,000.
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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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