BMCH has been the topic of several other research reports. Barclays PLC reduced their target price on shares of BMC Stock Holdings from $24.00 to $22.00 and set an overweight rating on the stock in a report on Friday, August 4th. FBR & Co reduced their target price on shares of BMC Stock Holdings from $26.00 to $22.00 and set a buy rating on the stock in a report on Tuesday, August 22nd. Zacks Investment Research lowered shares of BMC Stock Holdings from a hold rating to a sell rating in a report on Monday, July 10th. Finally, Royal Bank Of Canada reaffirmed a buy rating and set a $24.00 target price on shares of BMC Stock Holdings in a report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $23.50.
BMC Stock Holdings (BMCH) opened at 21.10 on Friday. BMC Stock Holdings has a one year low of $15.45 and a one year high of $23.90. The stock’s 50 day moving average is $20.53 and its 200-day moving average is $21.46. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 34.65 and a beta of 1.49.
BMC Stock Holdings (NASDAQ:BMCH) last released its earnings results on Thursday, August 3rd. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.03). BMC Stock Holdings had a net margin of 1.28% and a return on equity of 9.20%. The business had revenue of $886.38 million for the quarter, compared to the consensus estimate of $871.51 million. During the same period in the prior year, the business posted $0.32 EPS. BMC Stock Holdings’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities research analysts expect that BMC Stock Holdings will post $1.08 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: “BMC Stock Holdings’ (BMCH) Buy Rating Reiterated at Robert W. Baird” was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark legislation. The legal version of this piece can be viewed at https://sportsperspectives.com/2017/09/13/bmc-stock-holdings-bmch-buy-rating-reiterated-at-robert-w-baird.html.
In other BMC Stock Holdings news, insider Lisa M. Hamblet sold 12,812 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $20.82, for a total value of $266,745.84. Following the sale, the insider now owns 74,133 shares of the company’s stock, valued at approximately $1,543,449.06. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider James F. Jr. Major sold 20,000 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $20.24, for a total transaction of $404,800.00. Following the completion of the sale, the insider now directly owns 176,482 shares in the company, valued at approximately $3,571,995.68. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the business. Ameritas Investment Partners Inc. bought a new stake in BMC Stock Holdings in the 1st quarter worth $108,000. Acadian Asset Management LLC bought a new stake in BMC Stock Holdings in the 1st quarter worth $140,000. BNP Paribas Arbitrage SA grew its holdings in BMC Stock Holdings by 2,853.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,147 shares of the company’s stock worth $156,000 after acquiring an additional 6,905 shares during the last quarter. UBS Asset Management Americas Inc. bought a new stake in BMC Stock Holdings in the 1st quarter worth $209,000. Finally, TFS Capital LLC bought a new stake in BMC Stock Holdings in the 1st quarter worth $210,000.
BMC Stock Holdings 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.
Receive News & Ratings for BMC Stock Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BMC Stock Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.