BMC Stock Holdings, Inc. (NASDAQ:BMCH) – Analysts at B. Riley lowered their Q4 2017 earnings estimates for shares of BMC Stock Holdings in a report released on Tuesday. B. Riley analyst A. Rygiel now forecasts that the company will post earnings per share of $0.27 for the quarter, down from their prior forecast of $0.29. B. Riley currently has a “Buy” rating and a $25.00 price objective on the stock. B. Riley also issued estimates for BMC Stock Holdings’ FY2018 earnings at $1.30 EPS.
BMCH has been the topic of a number of other reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $24.00 price target on shares of BMC Stock Holdings in a research note on Tuesday, July 18th. Robert W. Baird reissued a “buy” rating and set a $23.00 target price on shares of BMC Stock Holdings in a research note on Monday, October 9th. Zacks Investment Research lowered BMC Stock Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Barclays PLC dropped their price target on BMC Stock Holdings from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, August 4th. Finally, FBR & Co dropped their price target on BMC Stock Holdings from $26.00 to $22.00 and set a “buy” rating on the stock in a research report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company. BMC Stock Holdings presently has an average rating of “Buy” and a consensus price target of $23.83.
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Shares of BMC Stock Holdings (NASDAQ BMCH) traded down $0.15 on Thursday, reaching $22.00. The company had a trading volume of 17,242 shares, compared to its average volume of 569,953. BMC Stock Holdings has a 52 week low of $15.90 and a 52 week high of $23.90. The company has a current ratio of 2.24, a quick ratio of 1.33 and a debt-to-equity ratio of 0.61. The stock has a market cap of $1,471.80, a price-to-earnings ratio of 22.45 and a beta of 1.49.
BMC Stock Holdings (NASDAQ:BMCH) last issued its earnings results on Monday, November 6th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). BMC Stock Holdings had a return on equity of 9.54% and a net margin of 1.53%. The firm had revenue of $881.01 million during the quarter, compared to the consensus estimate of $888.09 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. BMC Stock Holdings’s revenue for the quarter was up 7.3% on a year-over-year basis.
In other BMC Stock Holdings news, insider James F. Jr. Major sold 20,000 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Peter Alexander sold 28,000 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $21.08, for a total value of $590,240.00. The disclosure for this sale can be found here. Insiders sold a total of 123,000 shares of company stock worth $2,645,040 over the last quarter. Company insiders own 3.70% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Cortina Asset Management LLC increased its position in shares of BMC Stock Holdings by 35.4% during the third quarter. Cortina Asset Management LLC now owns 1,331,284 shares of the company’s stock worth $28,423,000 after acquiring an additional 347,703 shares during the period. SG Americas Securities LLC increased its position in shares of BMC Stock Holdings by 15.8% during the third quarter. SG Americas Securities LLC now owns 22,153 shares of the company’s stock worth $473,000 after acquiring an additional 3,027 shares during the period. Russell Investments Group Ltd. increased its position in shares of BMC Stock Holdings by 10.1% during the third quarter. Russell Investments Group Ltd. now owns 392,516 shares of the company’s stock worth $8,380,000 after acquiring an additional 36,122 shares during the period. Sei Investments Co. increased its holdings in BMC Stock Holdings by 2,582.9% in the third quarter. Sei Investments Co. now owns 13,495 shares of the company’s stock valued at $288,000 after buying an additional 12,992 shares during the last quarter. Finally, Boston Partners increased its holdings in BMC Stock Holdings by 1.9% in the third quarter. Boston Partners now owns 1,950,153 shares of the company’s stock valued at $41,636,000 after buying an additional 35,878 shares during the last quarter.
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.
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