Point72 Asset Management L.P. acquired a new position in BMC Stock Holdings Inc (NASDAQ:BMCH) in the 2nd quarter, HoldingsChannel reports. The firm acquired 12,100 shares of the company’s stock, valued at approximately $252,000.

Several other large investors also recently bought and sold shares of BMCH. SG Americas Securities LLC increased its stake in shares of BMC Stock by 171.8% in the 1st quarter. SG Americas Securities LLC now owns 17,712 shares of the company’s stock worth $346,000 after purchasing an additional 11,196 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of BMC Stock in the 1st quarter worth $216,000. Prudential Financial Inc. increased its stake in shares of BMC Stock by 176.9% in the 1st quarter. Prudential Financial Inc. now owns 347,524 shares of the company’s stock worth $6,794,000 after purchasing an additional 222,024 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of BMC Stock by 16.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 421,073 shares of the company’s stock worth $8,232,000 after purchasing an additional 59,464 shares in the last quarter. Finally, Employees Retirement System of Texas bought a new position in BMC Stock in the 1st quarter worth $1,173,000.

In other BMC Stock news, Director Carl R. Vertuca, Jr. sold 10,000 shares of the stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $23.00, for a total transaction of $230,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is owned by corporate insiders.

BMCH has been the subject of several recent analyst reports. TheStreet raised shares of BMC Stock from a “c+” rating to a “b-” rating in a report on Thursday, June 14th. Seaport Global Securities set a $26.00 target price on shares of BMC Stock and gave the stock a “buy” rating in a report on Monday, July 30th. Stephens set a $26.00 target price on shares of BMC Stock and gave the stock a “buy” rating in a report on Thursday, August 2nd. Zacks Investment Research raised shares of BMC Stock from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Monday, July 9th. Finally, DA Davidson initiated coverage on shares of BMC Stock in a report on Thursday, September 13th. They issued a “buy” rating and a $27.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. BMC Stock has a consensus rating of “Hold” and an average price target of $24.67.

Shares of BMC Stock stock opened at $20.55 on Tuesday. The firm has a market capitalization of $1.40 billion, a P/E ratio of 13.90, a PEG ratio of 2.55 and a beta of 1.40. The company has a quick ratio of 1.26, a current ratio of 2.17 and a debt-to-equity ratio of 0.44. BMC Stock Holdings Inc has a fifty-two week low of $17.10 and a fifty-two week high of $25.70.

BMC Stock (NASDAQ:BMCH) last released its quarterly earnings data on Monday, July 30th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.45 by $0.19. BMC Stock had a net margin of 2.58% and a return on equity of 13.32%. The business had revenue of $998.50 million during the quarter, compared to the consensus estimate of $986.73 million. During the same quarter in the prior year, the firm earned $0.34 EPS. The business’s revenue was up 15.2% on a year-over-year basis. sell-side analysts forecast that BMC Stock Holdings Inc will post 1.63 EPS for the current year.

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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