BMC Stock Holdings Inc (BMCH) Receives $24.43 Consensus Target Price from Analysts

Shares of BMC Stock Holdings Inc (NASDAQ:BMCH) have been given an average rating of “Hold” by the ten ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $24.43.

BMCH has been the topic of several research reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $26.00 price target on shares of BMC Stock in a report on Wednesday, November 15th. BidaskClub lowered shares of BMC Stock from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. B. Riley lowered shares of BMC Stock from a “buy” rating to a “neutral” rating and lifted their price target for the company from $25.00 to $26.00 in a report on Wednesday, January 3rd. Zacks Investment Research raised shares of BMC Stock from a “sell” rating to a “hold” rating and set a $27.00 price target on the stock in a report on Friday, January 5th. Finally, TheStreet raised shares of BMC Stock from a “c” rating to a “b-” rating in a report on Friday, December 1st.

In other BMC Stock news, Director Jeffrey Gene Rea sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $25.00, for a total transaction of $1,875,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Keith Costello bought 15,000 shares of BMC Stock stock in a transaction on Wednesday, December 13th. The shares were acquired at an average cost of $23.13 per share, for a total transaction of $346,950.00. The disclosure for this purchase can be found here. Insiders have sold a total of 150,000 shares of company stock worth $3,600,000 over the last three months. Insiders own 3.70% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in BMC Stock by 26.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,854,388 shares of the company’s stock worth $39,592,000 after acquiring an additional 392,741 shares during the last quarter. Vident Investment Advisory LLC bought a new stake in BMC Stock during the 3rd quarter worth approximately $285,000. Frontier Capital Management Co. LLC grew its holdings in BMC Stock by 4.0% during the 4th quarter. Frontier Capital Management Co. LLC now owns 3,793,555 shares of the company’s stock worth $95,977,000 after acquiring an additional 145,067 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of BMC Stock by 46.3% in the 2nd quarter. Teachers Advisors LLC now owns 155,448 shares of the company’s stock valued at $3,397,000 after purchasing an additional 49,192 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of BMC Stock by 17.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,608 shares of the company’s stock valued at $1,106,000 after purchasing an additional 7,691 shares during the last quarter.

Shares of BMC Stock (BMCH) traded down $0.40 during trading on Wednesday, hitting $20.60. 814,331 shares of the company traded hands, compared to its average volume of 584,005. The company has a market cap of $1,350.00, a price-to-earnings ratio of 27.47 and a beta of 1.28. The company has a quick ratio of 1.38, a current ratio of 2.29 and a debt-to-equity ratio of 0.57. BMC Stock has a 12 month low of $18.20 and a 12 month high of $25.70.

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About BMC Stock

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 (NASDAQ:BMCH)

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