State Street Corp lifted its position in BMC Stock Holdings, Inc. (NASDAQ:BMCH) by 17.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,140,088 shares of the company’s stock after purchasing an additional 166,408 shares during the quarter. State Street Corp owned 1.70% of BMC Stock Holdings worth $24,907,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Legal & General Group Plc lifted its stake in shares of BMC Stock Holdings by 15.5% in the 2nd quarter. Legal & General Group Plc now owns 15,739 shares of the company’s stock valued at $344,000 after acquiring an additional 2,108 shares during the last quarter. Worth Venture Partners LLC lifted its stake in shares of BMC Stock Holdings by 15.8% in the 2nd quarter. Worth Venture Partners LLC now owns 24,962 shares of the company’s stock valued at $545,000 after acquiring an additional 3,410 shares during the last quarter. Credit Suisse AG lifted its stake in shares of BMC Stock Holdings by 10.5% in the 1st quarter. Credit Suisse AG now owns 48,549 shares of the company’s stock valued at $1,098,000 after acquiring an additional 4,619 shares during the last quarter. Broadview Advisors LLC lifted its stake in shares of BMC Stock Holdings by 0.9% in the 2nd quarter. Broadview Advisors LLC now owns 561,169 shares of the company’s stock valued at $12,262,000 after acquiring an additional 5,000 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of BMC Stock Holdings by 53.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 17,233 shares of the company’s stock valued at $376,000 after acquiring an additional 6,033 shares during the last quarter.

A number of equities research analysts have recently weighed in on BMCH shares. Robert W. Baird reissued a “buy” rating and issued a $23.00 target price on shares of BMC Stock Holdings in a research note on Monday, October 9th. 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. Royal Bank Of Canada reissued a “buy” rating and issued a $24.00 target price on shares of BMC Stock Holdings in a research note on Tuesday, July 18th. B. Riley reissued a “buy” rating and issued a $25.00 target price (up previously from $22.00) on shares of BMC Stock Holdings in a research note on Tuesday, November 7th. Finally, Barclays PLC lowered their price target on BMC Stock Holdings from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $24.00.

BMC Stock Holdings, Inc. (NASDAQ BMCH) opened at $22.65 on Wednesday. The company has a market capitalization of $1,508.34, a P/E ratio of 22.96 and a beta of 1.49. The company has a current ratio of 2.29, a quick ratio of 1.38 and a debt-to-equity ratio of 0.57. BMC Stock Holdings, Inc. has a 52-week low of $17.45 and a 52-week high of $23.90.

BMC Stock Holdings (NASDAQ:BMCH) last released its quarterly earnings results on Monday, November 6th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The business had revenue of $881.01 million for the quarter, compared to the consensus estimate of $888.09 million. BMC Stock Holdings had a net margin of 1.53% and a return on equity of 9.42%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 EPS. equities research analysts forecast that BMC Stock Holdings, Inc. will post 0.98 earnings per share for the current fiscal year.

In other BMC Stock Holdings news, Director Jeffrey Gene Rea sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $22.00, for a total transaction of $1,650,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael Alan Farmer sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $22.20, for a total value of $44,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 125,000 shares of company stock worth $2,689,440 in the last quarter. Company insiders own 3.70% of the company’s stock.

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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.

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

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