Highlander Capital Management LLC boosted its holdings in BMC Stock Holdings Inc (NASDAQ:BMCH) by 39.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,800 shares of the company’s stock after acquiring an additional 9,000 shares during the quarter. Highlander Capital Management LLC’s holdings in BMC Stock were worth $679,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Teachers Advisors LLC grew its stake in BMC Stock by 23.7% during the first quarter. Teachers Advisors LLC now owns 106,256 shares of the company’s stock worth $2,401,000 after buying an additional 20,376 shares during the last quarter. Credit Suisse AG grew its stake in BMC Stock by 10.5% during the first quarter. Credit Suisse AG now owns 48,549 shares of the company’s stock worth $1,098,000 after buying an additional 4,619 shares during the last quarter. Russell Investments Group Ltd. grew its stake in BMC Stock by 1,591.6% during the second quarter. Russell Investments Group Ltd. now owns 356,394 shares of the company’s stock worth $7,787,000 after buying an additional 335,326 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in BMC Stock during the second quarter worth about $474,000. Finally, State of New Jersey Common Pension Fund D bought a new stake in BMC Stock during the second quarter worth about $546,000.

In related news, insider Michael Alan Farmer sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $22.20, for a total value of $44,400.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Peter Alexander sold 28,000 shares of the stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $21.08, for a total transaction of $590,240.00. The disclosure for this sale can be found here. Insiders have sold 180,000 shares of company stock worth $4,009,640 over the last quarter. 3.70% of the stock is owned by company insiders.

Several analysts have weighed in on the stock. TheStreet raised shares of BMC Stock from a “c” rating to a “b-” rating in a research note on Friday, December 1st. FBR & Co reduced their target price on shares of BMC Stock from $26.00 to $22.00 and set a “buy” rating on the stock in a research report on Tuesday, August 22nd. Robert W. Baird reiterated a “buy” rating and set a $23.00 target price on shares of BMC Stock in a research report on Monday, October 9th. B. Riley reiterated a “buy” rating and set a $25.00 target price (up from $22.00) on shares of BMC Stock in a research report on Tuesday, November 7th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $25.00 target price (up from $23.00) on shares of BMC Stock in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $24.00.

BMC Stock Holdings Inc (NASDAQ BMCH) opened at $23.35 on Tuesday. BMC Stock Holdings Inc has a 12-month low of $17.45 and a 12-month high of $23.90. The stock has a market cap of $1,561.97, a P/E ratio of 23.78 and a beta of 1.50. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.38 and a current ratio of 2.29.

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

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BMC Stock 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 (NASDAQ:BMCH)

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