Zacks Investment Research downgraded shares of BMC Stock Holdings Inc. (NASDAQ:BMCH) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday morning.

According to Zacks, “BMC Stock Holdings Inc provides diversified building products and services to professional builders and contractors primarily in the residential housing market. The Company’s portfolio of products and services spans building materials includes millwork and structural component manufacturing capabilities, consultative showrooms and design centers, value-added installation management and eBusiness platform. BMC Stock Holdings, Inc., formerly known as Stock Building Supply Holdings, is headquartered in Raleigh, North Carolina. “

Several other equities research analysts have also recently issued reports on the stock. FBR & Co reissued an outperform rating and issued a $23.00 target price (up from $22.00) on shares of BMC Stock Holdings in a research report on Tuesday, August 16th. Credit Suisse Group AG began coverage on shares of BMC Stock Holdings in a research report on Monday, June 20th. They set an outperform rating and a $22.00 price target on the stock. Finally, RBC Capital Markets reaffirmed a buy rating and set a $24.00 price target on shares of BMC Stock Holdings in a research report on Friday, August 19th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. BMC Stock Holdings has an average rating of Buy and a consensus target price of $21.76.

BMC Stock Holdings (NASDAQ:BMCH) opened at 16.90 on Tuesday. The company has a 50 day moving average of $18.42 and a 200-day moving average of $18.68. BMC Stock Holdings has a 52-week low of $12.14 and a 52-week high of $21.50. The stock has a market capitalization of $1.12 billion, a P/E ratio of 119.86 and a beta of 1.39.

BMC Stock Holdings (NASDAQ:BMCH) last released its earnings results on Monday, August 8th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.08. BMC Stock Holdings had a net margin of 0.41% and a return on equity of 8.31%. The business had revenue of $797.50 million for the quarter, compared to analysts’ expectations of $782.54 million. During the same period last year, the company earned $0.25 earnings per share. The company’s quarterly revenue was up 123.2% on a year-over-year basis. Equities research analysts anticipate that BMC Stock Holdings will post $0.96 EPS for the current year.

In related news, major shareholder Gores Group, Llc sold 1,000,000 shares of BMC Stock Holdings stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $19.80, for a total value of $19,800,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.15% of the stock is currently owned by corporate insiders.

About BMC Stock Holdings

BMC Stock Holdings, Inc, formerly Stock Building Supply Holdings, Inc, is a diversified lumber and building materials (LBM) distributor and solutions provider that sells to construction and repair and remodeling contractors. The Company’s operating segments include Mid-Atlantic, Southeast, Texas, Intermountain, West and Mountain West divisions.

5 Day Chart for NASDAQ:BMCH

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