Silvercrest Asset Management Group LLC lowered its stake in BMC Stock Holdings Inc (NASDAQ:BMCH) by 0.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,347,717 shares of the company’s stock after selling 14,194 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in BMC Stock were worth $49,771,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in BMCH. BlackRock Inc. increased its stake in BMC Stock by 7.3% during the 2nd quarter. BlackRock Inc. now owns 5,415,068 shares of the company’s stock valued at $114,799,000 after purchasing an additional 368,188 shares in the last quarter. Vanguard Group Inc. increased its stake in BMC Stock by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 3,277,653 shares of the company’s stock valued at $69,486,000 after purchasing an additional 44,818 shares in the last quarter. Prudential Financial Inc. increased its stake in BMC Stock by 78.8% during the 2nd quarter. Prudential Financial Inc. now owns 1,969,285 shares of the company’s stock valued at $41,748,000 after purchasing an additional 867,790 shares in the last quarter. Northern Trust Corp increased its stake in BMC Stock by 0.8% during the 2nd quarter. Northern Trust Corp now owns 1,436,311 shares of the company’s stock valued at $30,450,000 after purchasing an additional 11,332 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in BMC Stock by 315.7% during the 2nd quarter. Renaissance Technologies LLC now owns 573,700 shares of the company’s stock valued at $12,162,000 after purchasing an additional 435,700 shares in the last quarter. Institutional investors own 98.95% of the company’s stock.

Shares of NASDAQ BMCH traded down $0.24 during trading on Wednesday, hitting $25.72. The stock had a trading volume of 9,448 shares, compared to its average volume of 363,196. BMC Stock Holdings Inc has a 12 month low of $14.66 and a 12 month high of $26.63. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.35 and a quick ratio of 1.53. The company has a market capitalization of $1.74 billion, a PE ratio of 13.85 and a beta of 0.92. The firm has a fifty day moving average of $24.62 and a two-hundred day moving average of $21.38.

BMC Stock (NASDAQ:BMCH) last posted its earnings results on Tuesday, August 6th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.03. BMC Stock had a net margin of 3.31% and a return on equity of 14.38%. The firm had revenue of $946.38 million during the quarter, compared to analyst estimates of $934.39 million. During the same quarter in the prior year, the business posted $0.64 EPS. The business’s revenue was down 5.2% compared to the same quarter last year. On average, equities analysts expect that BMC Stock Holdings Inc will post 1.68 earnings per share for the current fiscal year.

A number of analysts have commented on BMCH shares. Evercore ISI upgraded shares of BMC Stock from an “in-line” rating to an “outperform” rating in a research note on Friday, August 9th. SunTrust Banks set a $25.00 price target on shares of BMC Stock and gave the company a “hold” rating in a research note on Wednesday, August 7th. B. Riley upgraded shares of BMC Stock from a “neutral” rating to a “buy” rating and boosted their price target for the company from $25.00 to $28.00 in a research note on Wednesday, August 7th. BidaskClub lowered shares of BMC Stock from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Buckingham Research boosted their price target on shares of BMC Stock from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Nine equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. BMC Stock presently has a consensus rating of “Hold” and an average target price of $23.08.

In other news, Director Carl R. Vertuca, Jr. sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $25.10, for a total value of $251,000.00. Following the completion of the sale, the director now owns 19,771 shares in the company, valued at approximately $496,252.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Carl R. Vertuca, Jr. sold 20,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $23.50, for a total transaction of $470,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,096 shares of company stock valued at $1,932,771. Company insiders own 1.20% of the company’s stock.

BMC Stock Profile

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

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