Shares of BMC Stock Holdings Inc (NASDAQ:BMCH) have received an average recommendation of “Buy” from the nine analysts that are presently covering the company. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $23.53.

BMCH has been the topic of several recent research reports. Barclays PLC initiated coverage on shares of BMC Stock Holdings in a research report on Thursday, January 5th. They issued an “overweight” rating and a $22.00 price objective on the stock. Seaport Global Securities initiated coverage on shares of BMC Stock Holdings in a research report on Thursday, March 16th. They issued a “buy” rating and a $26.00 price objective on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $25.00 price objective (up from $22.00) on shares of BMC Stock Holdings in a research report on Thursday, March 2nd. Zacks Investment Research upgraded shares of BMC Stock Holdings from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Tuesday, March 7th. Finally, FBR & Co reiterated an “outperform” rating and issued a $26.00 price objective (up from $21.00) on shares of BMC Stock Holdings in a research report on Wednesday, March 8th.

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In other BMC Stock Holdings news, Director Carl R. Vertuca, Jr. sold 10,000 shares of the company’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $22.00, for a total value of $220,000.00. Following the transaction, the director now directly owns 104,549 shares in the company, valued at approximately $2,300,078. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Gores Group, Llc sold 2,600,000 shares of the company’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $21.06, for a total transaction of $54,756,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,713,744 shares of company stock worth $57,209,584. 5.15% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BMCH. State Board of Administration of Florida Retirement System purchased a new position in BMC Stock Holdings during the fourth quarter worth about $244,000. Worth Venture Partners LLC purchased a new position in BMC Stock Holdings during the fourth quarter worth about $246,000. Trexquant Investment LP purchased a new position in BMC Stock Holdings during the fourth quarter worth about $322,000. Vident Investment Advisory LLC purchased a new position in BMC Stock Holdings during the fourth quarter worth about $362,000. Finally, A.R.T. Advisors LLC purchased a new position in BMC Stock Holdings during the fourth quarter worth about $567,000. Institutional investors own 84.98% of the company’s stock.

BMC Stock Holdings (NASDAQ:BMCH) opened at 22.70 on Tuesday. BMC Stock Holdings has a 52 week low of $14.08 and a 52 week high of $22.80. The stock’s 50 day moving average price is $20.38 and its 200-day moving average price is $18.93. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 49.35 and a beta of 1.48.

BMC Stock Holdings (NASDAQ:BMCH) last released its quarterly earnings data on Wednesday, March 1st. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. BMC Stock Holdings had a net margin of 0.46% and a return on equity of 8.61%. The business had revenue of $747.57 million for the quarter, compared to analyst estimates of $760.82 million. During the same period in the previous year, the firm earned $0.17 EPS. The business’s revenue for the quarter was up 46.5% compared to the same quarter last year. On average, equities research analysts forecast that BMC Stock Holdings will post $1.33 earnings per share for the current fiscal year.

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.

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