BMC Stock’s (BMCH) “Outperform” Rating Reiterated at Royal Bank of Canada
Royal Bank of Canada reissued their outperform rating on shares of BMC Stock (NASDAQ:BMCH) in a report issued on Wednesday morning. Royal Bank of Canada currently has a $23.00 price objective on the stock, up from their prior price objective of $22.00.
Other equities research analysts have also recently issued reports about the company. BidaskClub raised BMC Stock from a buy rating to a strong-buy rating in a report on Wednesday, December 27th. B. Riley cut BMC Stock from a buy rating to a neutral rating and lifted their target price for the stock from $25.00 to $26.00 in a report on Wednesday, January 3rd. American Capital Partners reaffirmed a neutral rating and issued a $26.00 target price (up from $25.00) on shares of BMC Stock in a report on Friday, January 5th. Zacks Investment Research raised BMC Stock from a sell rating to a hold rating and set a $27.00 target price on the stock in a report on Friday, January 5th. Finally, TheStreet raised BMC Stock from a c rating to a b- rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. BMC Stock currently has a consensus rating of Buy and a consensus price target of $23.67.
BMC Stock (NASDAQ BMCH) traded down $0.40 during trading hours on Wednesday, reaching $18.55. The company’s stock had a trading volume of 623,130 shares, compared to its average volume of 545,995. The company has a current ratio of 2.29, a quick ratio of 1.38 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $1,220.00, a PE ratio of 23.19 and a beta of 1.41. BMC Stock has a twelve month low of $18.20 and a twelve month high of $25.70.
In other news, Director David W. Bullock bought 5,000 shares of BMC Stock stock in a transaction dated 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Keith Costello acquired 15,000 shares of BMC Stock stock in a transaction on Wednesday, December 13th. The shares were bought at an average cost of $23.13 per share, for a total transaction of $346,950.00. The disclosure for this purchase can be found here. Insiders own 3.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of BMCH. Ruane Cunniff & Goldfarb Inc. bought a new stake in BMC Stock during the third quarter worth approximately $55,510,000. Lakewood Capital Management LP bought a new stake in BMC Stock during the fourth quarter worth approximately $24,678,000. Neumeier Poma Investment Counsel LLC increased its stake in BMC Stock by 130.3% during the third quarter. Neumeier Poma Investment Counsel LLC now owns 985,550 shares of the company’s stock worth $21,041,000 after acquiring an additional 557,675 shares during the last quarter. NWQ Investment Management Company LLC bought a new stake in BMC Stock during the fourth quarter worth approximately $10,408,000. Finally, Dimensional Fund Advisors LP increased its stake in BMC Stock by 26.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,854,388 shares of the company’s stock worth $39,592,000 after acquiring an additional 392,741 shares during the last quarter.
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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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