Rhumbline Advisers lifted its position in BMC Stock Holdings, Inc. (NASDAQ:BMCH) by 30.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 77,646 shares of the company’s stock after buying an additional 18,287 shares during the quarter. Rhumbline Advisers owned approximately 0.12% of BMC Stock Holdings worth $1,697,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Boston Partners grew its stake in BMC Stock Holdings by 14.6% during the 2nd quarter. Boston Partners now owns 1,914,275 shares of the company’s stock worth $41,827,000 after purchasing an additional 243,382 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in BMC Stock Holdings by 23.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 310,505 shares of the company’s stock worth $6,785,000 after purchasing an additional 58,684 shares in the last quarter. Mesirow Financial Investment Management Equity Management grew its stake in BMC Stock Holdings by 34.9% during the 2nd quarter. Mesirow Financial Investment Management Equity Management now owns 908,385 shares of the company’s stock worth $19,847,000 after purchasing an additional 234,855 shares in the last quarter. Pictet Asset Management Ltd. acquired a new position in BMC Stock Holdings during the 2nd quarter worth $6,058,000. Finally, State of New Jersey Common Pension Fund D acquired a new position in BMC Stock Holdings during the 2nd quarter worth $546,000.

BMC Stock Holdings, Inc. (BMCH) opened at 20.80 on Tuesday. BMC Stock Holdings, Inc. has a 52-week low of $15.45 and a 52-week high of $23.90. The firm has a market capitalization of $1.39 billion, a PE ratio of 34.15 and a beta of 1.49. The stock’s 50 day moving average price is $20.39 and its 200 day moving average price is $21.48.

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 consensus estimate of $0.37 by ($0.03). The business had revenue of $886.38 million for the quarter, compared to analyst estimates of $871.51 million. BMC Stock Holdings had a net margin of 1.28% and a return on equity of 9.20%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share. Analysts expect that BMC Stock Holdings, Inc. will post $1.08 earnings per share for the current year.

In other news, insider James F. Jr. Major sold 20,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $20.24, for a total transaction of $404,800.00. Following the completion of the sale, the insider now directly owns 176,482 shares in the company, valued at $3,571,995.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lisa M. Hamblet sold 12,812 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $20.82, for a total value of $266,745.84. Following the sale, the insider now owns 74,133 shares of the company’s stock, valued at $1,543,449.06. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.

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Several research analysts recently commented on the company. Zacks Investment Research cut BMC Stock Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Robert W. Baird reissued a “buy” rating and set a $23.00 target price on shares of BMC Stock Holdings in a research note on Sunday, September 10th. Barclays PLC lowered their target price on BMC Stock Holdings from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, August 4th. FBR & Co lowered their target price on BMC Stock Holdings from $26.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, August 22nd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $24.00 target price on shares of BMC Stock Holdings in a research note on Wednesday, June 7th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. BMC Stock Holdings presently has a consensus rating of “Buy” and a consensus target price of $23.50.

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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Institutional Ownership by Quarter for BMC Stock Holdings (NASDAQ:BMCH)

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