BidaskClub cut shares of BMC Stock (NASDAQ:BMCH) from a buy rating to a hold rating in a research note published on Tuesday, BidAskClub reports.

Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded BMC Stock from a sell rating to a hold rating in a research report on Tuesday, April 30th. Royal Bank of Canada set a $23.00 price objective on BMC Stock and gave the stock a hold rating in a research report on Thursday, May 2nd. ValuEngine cut BMC Stock from a hold rating to a sell rating in a research report on Monday, April 1st. Buckingham Research initiated coverage on BMC Stock in a research report on Monday, February 25th. They set a buy rating and a $22.00 price objective for the company. Finally, SunTrust Banks raised their price target on BMC Stock to $23.00 and gave the stock a hold rating in a research note on Thursday, May 2nd. Twelve analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. BMC Stock has a consensus rating of Hold and an average target price of $22.13.

BMC Stock stock opened at $20.17 on Tuesday. The stock has a market cap of $1.34 billion, a P/E ratio of 10.84, a P/E/G ratio of 2.76 and a beta of 1.14. BMC Stock has a 52 week low of $14.66 and a 52 week high of $23.15. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.37 and a quick ratio of 1.51.

BMC Stock (NASDAQ:BMCH) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.11. The firm had revenue of $825.40 million during the quarter, compared to analysts’ expectations of $798.04 million. BMC Stock had a return on equity of 15.62% and a net margin of 3.40%. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 EPS. As a group, sell-side analysts forecast that BMC Stock will post 1.51 earnings per share for the current year.

In other news, insider David E. Flitman acquired 9,000 shares of BMC Stock stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average cost of $22.49 per share, with a total value of $202,410.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Carl R. Vertuca, Jr. sold 10,000 shares of BMC Stock stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $21.83, for a total value of $218,300.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,500 shares of company stock worth $374,800. 1.20% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of BMC Stock by 5.2% in the first quarter. BlackRock Inc. now owns 5,046,880 shares of the company’s stock valued at $89,179,000 after acquiring an additional 247,248 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of BMC Stock by 11.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,696,786 shares of the company’s stock valued at $65,322,000 after acquiring an additional 379,014 shares during the period. Frontier Capital Management Co. LLC boosted its holdings in shares of BMC Stock by 0.7% in the first quarter. Frontier Capital Management Co. LLC now owns 3,555,113 shares of the company’s stock valued at $62,819,000 after acquiring an additional 26,069 shares during the period. Boston Partners boosted its holdings in shares of BMC Stock by 2.5% in the first quarter. Boston Partners now owns 2,385,328 shares of the company’s stock valued at $42,149,000 after acquiring an additional 57,471 shares during the period. Finally, Lakewood Capital Management LP boosted its holdings in shares of BMC Stock by 28.4% in the fourth quarter. Lakewood Capital Management LP now owns 2,289,302 shares of the company’s stock valued at $35,438,000 after acquiring an additional 506,602 shares during the period.

About BMC Stock

BMC Stock Holdings, Inc distributes lumber and building materials to new construction, and repair and remodeling contractors in the United States. Its products comprise structural components, such as floor and 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 trims, custom millworks, moldings, stairs and stair parts, and cabinetry and other products.

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Analyst Recommendations for BMC Stock (NASDAQ:BMCH)

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