BMC Stock Holdings, Inc. (BMCH) Insider Sells $404,800.00 in Stock
BMC Stock Holdings, Inc. (NASDAQ:BMCH) insider James F. Jr. Major sold 20,000 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $20.24, for a total transaction of $404,800.00. Following the completion of the transaction, the insider now owns 176,482 shares in the company, valued at approximately $3,571,995.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
BMC Stock Holdings, Inc. (BMCH) opened at 20.70 on Friday. BMC Stock Holdings, Inc. has a 52-week low of $15.45 and a 52-week high of $23.90. The stock has a market cap of $1.39 billion, a PE ratio of 33.99 and a beta of 1.49. The firm has a 50 day moving average of $20.55 and a 200-day moving average of $21.44.
BMC Stock Holdings (NASDAQ:BMCH) last announced its earnings results on Thursday, August 3rd. The company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.03. BMC Stock Holdings had a net margin of 1.28% and a return on equity of 9.20%. The firm had revenue of $886.38 million during the quarter, compared to analysts’ expectations of $871.51 million. During the same period in the prior year, the company posted $0.32 EPS. The company’s revenue was up 11.1% compared to the same quarter last year. Equities analysts anticipate that BMC Stock Holdings, Inc. will post $1.08 earnings per share for the current fiscal year.
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BMCH has been the topic of a number of analyst reports. Barclays PLC decreased their price objective on shares of BMC Stock Holdings from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, August 4th. FBR & Co decreased their price objective on shares of BMC Stock Holdings from $26.00 to $22.00 and set a “buy” rating on the stock in a research report on Tuesday, August 22nd. Zacks Investment Research cut shares of BMC Stock Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $24.00 price objective on shares of BMC Stock Holdings in a research report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $23.60.
A number of hedge funds have recently bought and sold shares of BMCH. Ameritas Investment Partners Inc. purchased a new position in BMC Stock Holdings in the 1st quarter worth about $108,000. Acadian Asset Management LLC purchased a new position in BMC Stock Holdings in the 1st quarter worth about $140,000. BNP Paribas Arbitrage SA increased its stake in BMC Stock Holdings by 2,853.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,147 shares of the company’s stock worth $156,000 after buying an additional 6,905 shares during the period. UBS Asset Management Americas Inc. purchased a new position in BMC Stock Holdings in the 1st quarter worth about $209,000. Finally, TFS Capital LLC purchased a new position in BMC Stock Holdings in the 1st quarter worth about $210,000.
BMC Stock Holdings Company Profile
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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