First Trust Advisors LP cut its stake in BMC Stock Holdings Inc (NASDAQ:BMCH) by 21.5% in the third quarter, Holdings Channel reports. The fund owned 82,580 shares of the company’s stock after selling 22,669 shares during the period. First Trust Advisors LP’s holdings in BMC Stock were worth $1,540,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northern Trust Corp raised its stake in shares of BMC Stock by 6.3% in the second quarter. Northern Trust Corp now owns 1,420,661 shares of the company’s stock worth $29,620,000 after acquiring an additional 84,048 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of BMC Stock by 15.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,591,979 shares of the company’s stock worth $54,043,000 after buying an additional 348,245 shares during the last quarter. Sei Investments Co. raised its stake in shares of BMC Stock by 3.4% during the second quarter. Sei Investments Co. now owns 77,865 shares of the company’s stock worth $1,624,000 after buying an additional 2,590 shares during the last quarter. Macquarie Group Ltd. bought a new stake in shares of BMC Stock during the second quarter worth approximately $161,000. Finally, Soapstone Management L.P. raised its stake in shares of BMC Stock by 47.1% during the second quarter. Soapstone Management L.P. now owns 625,000 shares of the company’s stock worth $13,031,000 after buying an additional 200,000 shares during the last quarter.

A number of equities research analysts recently weighed in on the stock. BidaskClub raised shares of BMC Stock from a “sell” rating to a “hold” rating in a research note on Tuesday, August 21st. DA Davidson assumed coverage on shares of BMC Stock in a research note on Thursday, September 13th. They set a “buy” rating and a $27.00 price target for the company. ValuEngine downgraded shares of BMC Stock from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. TheStreet downgraded shares of BMC Stock from a “b” rating to a “c+” rating in a research note on Thursday, September 27th. Finally, Goldman Sachs Group assumed coverage on shares of BMC Stock in a research note on Tuesday, October 2nd. They set a “neutral” rating and a $21.00 price target for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $23.38.

BMCH opened at $16.55 on Thursday. The company has a quick ratio of 1.43, a current ratio of 2.38 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.15 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 2.06 and a beta of 1.32. BMC Stock Holdings Inc has a fifty-two week low of $15.54 and a fifty-two week high of $25.70.

BMC Stock (NASDAQ:BMCH) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.09. The firm had revenue of $990.00 million during the quarter, compared to analysts’ expectations of $957.79 million. BMC Stock had a net margin of 2.98% and a return on equity of 14.58%. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.34 earnings per share. On average, equities research analysts anticipate that BMC Stock Holdings Inc will post 1.7 earnings per share for the current fiscal year.

In other news, insider David E. Flitman acquired 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The stock was purchased at an average price of $17.99 per share, for a total transaction of $197,890.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Alan Farmer sold 3,200 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $17.31, for a total transaction of $55,392.00. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

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BMC Stock Company Profile

BMC Stock Holdings, Inc operates as lumber and building materials distributor and solutions provider in the United States. Its primary products include structural components, such as floor trusses, 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 trim, custom millwork, moldings, stairs and stair parts, and cabinetry and other products.

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Institutional Ownership by Quarter for BMC Stock (NASDAQ:BMCH)

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