BMC Stock Holdings Inc. (BMCH) Director Sells $223,089.12 in Stock
BMC Stock Holdings Inc. (NASDAQ:BMCH) Director Carl R. Vertuca, Jr. sold 12,339 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $18.08, for a total value of $223,089.12. Following the completion of the transaction, the director now directly owns 134,549 shares in the company, valued at $2,432,645.92. The sale was disclosed in a legal filing with the SEC, which is available through this link.
BMC Stock Holdings Inc. (NASDAQ:BMCH) opened at 18.65 on Thursday. The firm’s 50-day moving average price is $17.13 and its 200 day moving average price is $18.62. The firm has a market cap of $1.24 billion, a P/E ratio of 87.97 and a beta of 1.42. BMC Stock Holdings Inc. has a 12-month low of $12.14 and a 12-month high of $21.50.
BMC Stock Holdings (NASDAQ:BMCH) last announced its earnings results on Monday, November 7th. The company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.02. BMC Stock Holdings had a net margin of 0.46% and a return on equity of 8.61%. The company had revenue of $821.20 million for the quarter, compared to analysts’ expectations of $851.14 million. The firm’s quarterly revenue was up 97.2% compared to the same quarter last year. Analysts forecast that BMC Stock Holdings Inc. will post $0.93 earnings per share for the current fiscal year.
Several brokerages have recently commented on BMCH. Zacks Investment Research downgraded BMC Stock Holdings from a “hold” rating to a “sell” rating in a report on Thursday, November 10th. RBC Capital Markets reissued an “outperform” rating and issued a $20.00 target price (down from $24.00) on shares of BMC Stock Holdings in a report on Tuesday, November 8th. Royal Bank Of Canada reduced their target price on BMC Stock Holdings from $24.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, November 8th. Finally, FBR & Co reissued an “outperform” rating and issued a $21.00 target price (down from $23.00) on shares of BMC Stock Holdings in a report on Tuesday, November 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $20.87.
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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