13,329 Shares in BMC Stock Holdings Inc (BMCH) Purchased by Vident Investment Advisory LLC
Vident Investment Advisory LLC acquired a new stake in BMC Stock Holdings Inc (NASDAQ:BMCH) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 13,329 shares of the company’s stock, valued at approximately $285,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Ruane Cunniff & Goldfarb Inc. acquired a new position in BMC Stock in the 3rd quarter valued at $55,510,000. Dimensional Fund Advisors LP grew its holdings in BMC Stock by 26.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,854,388 shares of the company’s stock valued at $39,592,000 after buying an additional 392,741 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in BMC Stock by 11.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 345,571 shares of the company’s stock valued at $7,378,000 after buying an additional 35,066 shares in the last quarter. Neumeier Poma Investment Counsel LLC grew its holdings in BMC Stock by 130.3% in the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 985,550 shares of the company’s stock valued at $21,041,000 after buying an additional 557,675 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in BMC Stock by 2.7% in the 3rd quarter. Wells Fargo & Company MN now owns 630,133 shares of the company’s stock valued at $13,453,000 after buying an additional 16,570 shares in the last quarter.
BMCH has been the topic of a number of research reports. Robert W. Baird reaffirmed a “buy” rating and issued a $23.00 price objective on shares of BMC Stock in a report on Monday, October 9th. FBR & Co reduced their target price on BMC Stock from $26.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, August 22nd. B. Riley reissued a “buy” rating and set a $25.00 target price (up from $22.00) on shares of BMC Stock in a report on Tuesday, November 7th. Royal Bank of Canada reissued an “outperform” rating and set a $25.00 target price (up from $23.00) on shares of BMC Stock in a report on Tuesday, November 7th. Finally, BidaskClub lowered BMC Stock from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $24.00.
BMC Stock (NASDAQ:BMCH) last released its earnings results on Monday, November 6th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). The company had revenue of $881.01 million for the quarter, compared to analyst estimates of $888.09 million. BMC Stock had a return on equity of 9.42% and a net margin of 1.53%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the company posted $0.32 earnings per share. research analysts anticipate that BMC Stock Holdings Inc will post 0.98 earnings per share for the current year.
In related news, Director Jeffrey Gene Rea sold 75,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $22.00, for a total value of $1,650,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael Alan Farmer sold 2,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were 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 sold 180,000 shares of company stock worth $4,009,640 over the last ninety days. 3.70% of the stock is currently owned by insiders.
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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.
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