BMC Stock Holdings, Inc. (BMCH) Earns Buy Rating from B. Riley
B. Riley reissued their buy rating on shares of BMC Stock Holdings, Inc. (NASDAQ:BMCH) in a report released on Tuesday morning. B. Riley currently has a $25.00 price objective on the stock, up from their previous price objective of $22.00. B. Riley also issued estimates for BMC Stock Holdings’ Q4 2017 earnings at $0.27 EPS, FY2017 earnings at $0.92 EPS and FY2018 earnings at $1.30 EPS.
BMCH has been the topic of a number of other reports. Royal Bank Of Canada reissued a buy rating and issued a $24.00 price target on shares of BMC Stock Holdings in a research note on Tuesday, July 18th. Zacks Investment Research lowered BMC Stock Holdings from a hold rating to a sell rating in a research note on Monday, July 10th. Barclays PLC reduced their price objective on BMC Stock Holdings from $24.00 to $22.00 and set an overweight rating on the stock in a research note on Friday, August 4th. Robert W. Baird reaffirmed a buy rating and issued a $23.00 price objective on shares of BMC Stock Holdings in a research note on Monday, October 9th. Finally, FBR & Co reduced their price objective on BMC Stock Holdings from $26.00 to $22.00 and set a buy rating on the stock in a research note on Tuesday, August 22nd. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $23.83.
BMC Stock Holdings (NASDAQ:BMCH) traded up $0.35 on Tuesday, hitting $22.60. The company had a trading volume of 1,205,584 shares, compared to its average volume of 554,262. The company has a current ratio of 2.24, a quick ratio of 1.33 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $1,510.00, a price-to-earnings ratio of 22.60 and a beta of 1.48. BMC Stock Holdings has a fifty-two week low of $17.45 and a fifty-two week high of $23.90.
BMC Stock Holdings (NASDAQ:BMCH) last issued its quarterly earnings results on Monday, November 6th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). BMC Stock Holdings had a return on equity of 9.54% and a net margin of 1.53%. The business had revenue of $881.01 million during the quarter, compared to analyst estimates of $888.09 million. During the same period in the previous year, the business posted $0.32 earnings per share. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. research analysts forecast that BMC Stock Holdings will post 1.02 earnings per share for the current fiscal year.
In related 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 sale, the insider now directly owns 176,482 shares in the company, valued at approximately $3,571,995.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Peter Alexander sold 28,000 shares of the firm’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $21.08, for a total value of $590,240.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 123,000 shares of company stock worth $2,645,040. Company insiders own 3.70% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Highlander Capital Management LLC grew its position in shares of BMC Stock Holdings by 2.2% in the 2nd quarter. Highlander Capital Management LLC now owns 22,800 shares of the company’s stock worth $504,000 after acquiring an additional 500 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in BMC Stock Holdings by 20.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,748 shares of the company’s stock valued at $126,000 after purchasing an additional 989 shares during the period. Legal & General Group Plc boosted its position in BMC Stock Holdings by 15.5% during the 2nd quarter. Legal & General Group Plc now owns 15,739 shares of the company’s stock valued at $344,000 after purchasing an additional 2,108 shares during the period. SG Americas Securities LLC boosted its position in BMC Stock Holdings by 15.8% during the 3rd quarter. SG Americas Securities LLC now owns 22,153 shares of the company’s stock valued at $473,000 after purchasing an additional 3,027 shares during the period. Finally, American International Group Inc. boosted its position in BMC Stock Holdings by 8.1% during the 3rd quarter. American International Group Inc. now owns 43,908 shares of the company’s stock valued at $937,000 after purchasing an additional 3,283 shares during the period.
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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