BMC Stock Holdings, Inc. (BMCH) Earns Buy Rating from Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their buy rating on shares of BMC Stock Holdings, Inc. (NASDAQ:BMCH) in a report issued on Wednesday. They currently have a $26.00 target price on the stock.

BMCH has been the subject of several other reports. Robert W. Baird reiterated a buy rating and set a $23.00 price target on shares of BMC Stock Holdings in a research report on Monday, October 9th. Barclays PLC dropped their price target on BMC Stock Holdings from $24.00 to $22.00 and set an overweight rating for the company in a research report on Friday, August 4th. B. Riley reiterated a buy rating and set a $25.00 price target (up from $22.00) on shares of BMC Stock Holdings in a research report on Tuesday, November 7th. FBR & Co dropped their price target on BMC Stock Holdings from $26.00 to $22.00 and set a buy rating for the company in a research report on Tuesday, August 22nd. Finally, Zacks Investment Research cut BMC Stock Holdings from a hold rating to a sell rating in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $24.00.

Shares of BMC Stock Holdings (NASDAQ BMCH) opened at $22.75 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.38 and a current ratio of 2.29. BMC Stock Holdings has a 12-month low of $17.45 and a 12-month high of $23.90. The company has a market capitalization of $1,525.09, a P/E ratio of 23.21 and a beta of 1.49.

BMC Stock Holdings (NASDAQ:BMCH) last issued its quarterly earnings results on Monday, November 6th. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.01). BMC Stock Holdings had a return on equity of 9.42% and a net margin of 1.53%. The firm had revenue of $881.01 million for the quarter, compared to analysts’ expectations of $888.09 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. analysts predict that BMC Stock Holdings will post 0.98 EPS for the current fiscal year.

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In other BMC Stock Holdings news, insider James F. Jr. Major sold 20,000 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $20.24, for a total value 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Peter Alexander sold 28,000 shares of the company’s stock in a transaction on Monday, October 9th. The shares were 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. Over the last 90 days, insiders sold 125,000 shares of company stock valued at $2,689,440. 3.70% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the business. Victory Capital Management Inc. grew its holdings in BMC Stock Holdings by 106.0% in the 2nd quarter. Victory Capital Management Inc. now owns 1,365,066 shares of the company’s stock valued at $29,827,000 after buying an additional 702,295 shares in the last quarter. FNY Partners Fund LP lifted its stake in shares of BMC Stock Holdings by 4,066.7% in the 2nd quarter. FNY Partners Fund LP now owns 25,000 shares of the company’s stock valued at $546,000 after purchasing an additional 24,400 shares during the last quarter. Credit Suisse AG lifted its stake in shares of BMC Stock Holdings by 10.5% in the 1st quarter. Credit Suisse AG now owns 48,549 shares of the company’s stock valued at $1,098,000 after purchasing an additional 4,619 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of BMC Stock Holdings in the 1st quarter valued at $276,000. Finally, Robotti Robert lifted its stake in shares of BMC Stock Holdings by 2.4% in the 2nd quarter. Robotti Robert now owns 3,257,763 shares of the company’s stock valued at $63,243,000 after purchasing an additional 77,866 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.

Analyst Recommendations for BMC Stock Holdings (NASDAQ:BMCH)

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