FBR & Co Reiterates “Outperform” Rating for BMC Stock Holdings Inc. (BMCH)
BMC Stock Holdings Inc. (NASDAQ:BMCH)‘s stock had its “outperform” rating reaffirmed by equities research analysts at FBR & Co in a report issued on Tuesday. They presently have a $21.00 price target on the stock, down from their prior price target of $23.00. FBR & Co’s target price indicates a potential upside of 20.00% from the stock’s current price.
A number of other research firms also recently commented on BMCH. Zacks Investment Research upgraded BMC Stock Holdings from a “sell” rating to a “hold” rating and set a $22.00 price target for the company in a research note on Tuesday, August 9th. RBC Capital Markets reiterated a “buy” rating and issued a $24.00 price target on shares of BMC Stock Holdings in a research note on Friday, August 19th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $20.87.
BMC Stock Holdings (NASDAQ:BMCH) traded up 2.86% during midday trading on Tuesday, hitting $18.00. The company had a trading volume of 30,747 shares. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 127.66 and a beta of 1.42. The company’s 50 day moving average is $17.10 and its 200 day moving average is $18.60. BMC Stock Holdings has a 12-month low of $12.14 and a 12-month high of $21.50.
BMC Stock Holdings (NASDAQ:BMCH) last posted its quarterly earnings results on Monday, November 7th. The company reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.02. The business earned $821.20 million during the quarter, compared to the consensus estimate of $851.14 million. BMC Stock Holdings had a return on equity of 8.72% and a net margin of 0.46%. BMC Stock Holdings’s revenue for the quarter was up 97.2% compared to the same quarter last year. On average, equities analysts anticipate that BMC Stock Holdings will post $0.93 EPS for the current fiscal year.
In other news, major shareholder Gores Group, Llc sold 1,000,000 shares of BMC Stock Holdings stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $19.80, for a total transaction of $19,800,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 5.15% of the company’s stock.
BMC Stock Holdings Company Profile
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.
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