BMC Stock Holdings’ (BMCH) Buy Rating Reaffirmed at Royal Bank Of Canada
Royal Bank Of Canada reaffirmed their buy rating on shares of BMC Stock Holdings, Inc. (NASDAQ:BMCH) in a report published on Tuesday morning. The brokerage currently has a $24.00 target price on the stock.
A number of other equities research analysts have also recently issued reports on BMCH. Zacks Investment Research cut BMC Stock Holdings from a hold rating to a sell rating in a research note on Monday, July 10th. Barclays PLC set a $24.00 price objective on BMC Stock Holdings and gave the company a buy rating in a research note on Monday, May 8th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $24.80.
BMC Stock Holdings (BMCH) traded down 0.46% during mid-day trading on Tuesday, reaching $21.80. 70,607 shares of the company’s stock traded hands. BMC Stock Holdings has a 12 month low of $15.45 and a 12 month high of $23.90. The stock has a market cap of $1.46 billion, a P/E ratio of 35.50 and a beta of 1.48. The company has a 50 day moving average price of $21.34 and a 200-day moving average price of $21.09.
BMC Stock Holdings (NASDAQ:BMCH) last announced its quarterly earnings data on Monday, May 8th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.02. BMC Stock Holdings had a net margin of 1.32% and a return on equity of 8.98%. The firm had revenue of $757.70 million during the quarter, compared to the consensus estimate of $738.23 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. On average, analysts anticipate that BMC Stock Holdings will post $1.25 EPS for the current year.
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In related news, Director Jeffrey Gene Rea sold 33,000 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $21.46, for a total value of $708,180.00. Following the sale, the director now directly owns 273,860 shares in the company, valued at approximately $5,877,035.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 210,300 shares of company stock worth $4,817,988 over the last 90 days. 3.70% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in BMCH. Ameritas Investment Partners Inc. purchased a new stake in shares of BMC Stock Holdings during the first quarter worth about $108,000. Acadian Asset Management LLC purchased a new stake in shares of BMC Stock Holdings during the first quarter worth about $140,000. UBS Asset Management Americas Inc. purchased a new stake in shares of BMC Stock Holdings during the first quarter worth about $209,000. TFS Capital LLC purchased a new stake in shares of BMC Stock Holdings during the first quarter worth about $210,000. Finally, PNC Financial Services Group Inc. purchased a new stake in shares of BMC Stock Holdings during the first quarter worth about $254,000. Institutional investors and hedge funds own 98.34% of the company’s stock.
About BMC Stock Holdings
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.
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