BMC Stock Holdings Inc (NASDAQ:BMCH) – Equities researchers at DA Davidson raised their FY2019 earnings estimates for BMC Stock in a report issued on Friday, October 18th. DA Davidson analyst K. Yinger now forecasts that the company will earn $1.71 per share for the year, up from their previous estimate of $1.67. DA Davidson also issued estimates for BMC Stock’s FY2020 earnings at $1.82 EPS.

BMC Stock (NASDAQ:BMCH) last posted its earnings results on Tuesday, August 6th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. BMC Stock had a net margin of 3.31% and a return on equity of 14.38%. The firm had revenue of $946.38 million during the quarter, compared to the consensus estimate of $934.39 million. During the same quarter in the prior year, the company earned $0.64 EPS. The company’s revenue was down 5.2% on a year-over-year basis.

Several other analysts also recently issued reports on BMCH. Zacks Investment Research raised shares of BMC Stock from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective for the company in a research report on Friday, August 9th. Buckingham Research increased their price objective on shares of BMC Stock from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Evercore ISI raised shares of BMC Stock from an “in-line” rating to an “outperform” rating in a research report on Friday, August 9th. SunTrust Banks set a $25.00 price objective on shares of BMC Stock and gave the company a “hold” rating in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada raised shares of BMC Stock from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $25.00 to $29.00 in a research report on Tuesday, October 15th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $25.55.

Shares of NASDAQ:BMCH opened at $28.56 on Monday. The company has a quick ratio of 1.53, a current ratio of 2.35 and a debt-to-equity ratio of 0.48. BMC Stock has a 52-week low of $14.66 and a 52-week high of $28.97. The company has a 50 day moving average of $25.85 and a two-hundred day moving average of $22.75. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 15.35 and a beta of 0.90.

In other news, insider James F. Jr. Major sold 25,037 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $25.94, for a total transaction of $649,459.78. Also, Director Carl R. Vertuca, Jr. sold 20,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $23.50, for a total value of $470,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 105,133 shares of company stock valued at $2,607,781. Company insiders own 1.20% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of BMC Stock by 23.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,128 shares of the company’s stock valued at $108,000 after buying an additional 785 shares during the last quarter. Quantamental Technologies LLC lifted its stake in BMC Stock by 9.2% during the second quarter. Quantamental Technologies LLC now owns 6,532 shares of the company’s stock worth $138,000 after purchasing an additional 549 shares during the last quarter. Convergence Investment Partners LLC bought a new position in BMC Stock during the second quarter worth $224,000. Fox Run Management L.L.C. bought a new position in BMC Stock during the second quarter worth $244,000. Finally, Marshall Wace North America L.P. bought a new position in BMC Stock during the first quarter worth $246,000. Institutional investors own 98.86% of the company’s stock.

About BMC Stock

BMC Stock Holdings, Inc distributes lumber and building materials to new construction, and repair and remodeling contractors in the United States. Its products comprise structural components, such as floor and roof trusses, wall panels, and engineered wood products; lumber and lumber sheet goods, including dimensional lumber, plywood, and oriented strand board products used in on-site house framing under the Ready-Frame brand; and millwork, doors, and windows comprising interior and exterior doors, windows, interior trims, custom millworks, moldings, stairs and stair parts, and cabinetry and other products.

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Earnings History and Estimates for BMC Stock (NASDAQ:BMCH)

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