BMC Stock Holdings, Inc. (BMCH) Earns “Buy” Rating from B. Riley
B. Riley reissued their buy rating on shares of BMC Stock Holdings, Inc. (NASDAQ:BMCH) in a research note issued to investors on Tuesday. They currently have a $25.00 price objective on the stock, up from their previous price objective of $22.00. B. Riley also issued estimates for BMC Stock Holdings’ Q4 2017 earnings at $0.27 EPS, FY2017 earnings at $0.92 EPS and FY2018 earnings at $1.30 EPS.
A number of other equities analysts also recently weighed in on the company. Zacks Investment Research downgraded BMC Stock Holdings from a hold rating to a sell rating in a research report on Monday, July 10th. Robert W. Baird reissued a buy rating and set a $23.00 price target on shares of BMC Stock Holdings in a research report on Sunday, September 10th. Royal Bank Of Canada reissued a buy rating and set a $24.00 price target on shares of BMC Stock Holdings in a research report on Tuesday, July 18th. FBR & Co lowered their price target on BMC Stock Holdings from $26.00 to $22.00 and set a buy rating on the stock in a research report on Tuesday, August 22nd. Finally, Barclays PLC lowered their price target on BMC Stock Holdings from $24.00 to $22.00 and set an overweight rating on the stock in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $23.83.
BMC Stock Holdings (NASDAQ:BMCH) traded up $0.35 during trading hours on Tuesday, hitting $22.60. The company had a trading volume of 1,206,100 shares, compared to its average volume of 554,265. The company has a current ratio of 2.24, a quick ratio of 1.33 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $1,491.58, a P/E ratio of 22.70 and a beta of 1.49. BMC Stock Holdings has a twelve month low of $17.45 and a twelve month high of $23.90.
BMC Stock Holdings (NASDAQ:BMCH) last announced its quarterly earnings results on Monday, November 6th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The business had revenue of $881.01 million for the quarter, compared to analyst estimates of $888.09 million. BMC Stock Holdings had a return on equity of 9.54% and a net margin of 1.53%. BMC Stock Holdings’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned $0.32 EPS. research analysts anticipate that BMC Stock Holdings will post 0.98 EPS for the current year.
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In other news, insider James F. Jr. Major sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $20.24, for a total transaction of $404,800.00. Following the completion of the sale, the insider now owns 176,482 shares in the company, valued at $3,571,995.68. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Peter Alexander sold 28,000 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $21.08, for a total value of $590,240.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 123,000 shares of company stock valued at $2,645,040. Corporate insiders own 3.70% of the company’s stock.
Several large investors have recently modified their holdings of BMCH. GMT Capital Corp bought a new stake in shares of BMC Stock Holdings during the second quarter worth approximately $15,912,000. Victory Capital Management Inc. boosted its holdings in shares of BMC Stock Holdings by 106.0% during the second quarter. Victory Capital Management Inc. now owns 1,365,066 shares of the company’s stock worth $29,827,000 after acquiring an additional 702,295 shares during the period. Westfield Capital Management Co. LP boosted its holdings in shares of BMC Stock Holdings by 64.3% during the second quarter. Westfield Capital Management Co. LP now owns 1,718,041 shares of the company’s stock worth $37,539,000 after acquiring an additional 672,491 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of BMC Stock Holdings by 662.1% during the first quarter. Renaissance Technologies LLC now owns 731,600 shares of the company’s stock worth $16,534,000 after acquiring an additional 635,600 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of BMC Stock Holdings by 72.4% during the second quarter. Northern Trust Corp now owns 1,177,591 shares of the company’s stock worth $25,730,000 after acquiring an additional 494,409 shares during the period.
About BMC Stock Holdings
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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