BMC Stock Holdings Inc (NASDAQ:BMCH) Insider Sells $1,002,800.96 in Stock

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BMC Stock Holdings Inc (NASDAQ:BMCH) insider Lisa M. Hamblet sold 40,096 shares of BMC Stock stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $25.01, for a total value of $1,002,800.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of NASDAQ BMCH opened at $24.80 on Friday. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 13.33 and a beta of 1.05. The business has a 50 day simple moving average of $22.14 and a 200 day simple moving average of $20.17. BMC Stock Holdings Inc has a 52 week low of $14.66 and a 52 week high of $25.40. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.51 and a current ratio of 2.37.

BMC Stock (NASDAQ:BMCH) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.03. The business had revenue of $946.38 million during the quarter, compared to analysts’ expectations of $934.39 million. BMC Stock had a return on equity of 14.60% and a net margin of 3.31%. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.64 EPS. On average, analysts predict that BMC Stock Holdings Inc will post 1.63 EPS for the current year.

BMCH has been the topic of several research analyst reports. Royal Bank of Canada set a $23.00 target price on BMC Stock and gave the company a “hold” rating in a research note on Thursday, May 2nd. Zacks Investment Research raised BMC Stock from a “hold” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a research note on Friday, August 9th. Buckingham Research lifted their target price on BMC Stock from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Evercore ISI raised BMC Stock from an “in-line” rating to an “outperform” rating in a research note on Friday, August 9th. Finally, B. Riley raised BMC Stock from a “neutral” rating to a “buy” rating and lifted their target price for the company from $25.00 to $28.00 in a research note on Wednesday, August 7th. Nine analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $23.08.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Nuveen Asset Management LLC bought a new stake in shares of BMC Stock during the second quarter valued at approximately $24,609,000. UBS Asset Management Americas Inc. increased its position in shares of BMC Stock by 22.9% during the second quarter. UBS Asset Management Americas Inc. now owns 46,522 shares of the company’s stock valued at $986,000 after purchasing an additional 8,662 shares during the period. Citadel Advisors LLC increased its position in shares of BMC Stock by 110.5% during the second quarter. Citadel Advisors LLC now owns 328,530 shares of the company’s stock valued at $6,965,000 after purchasing an additional 172,441 shares during the period. D. E. Shaw & Co. Inc. increased its position in shares of BMC Stock by 52.7% during the second quarter. D. E. Shaw & Co. Inc. now owns 200,417 shares of the company’s stock valued at $4,249,000 after purchasing an additional 69,153 shares during the period. Finally, Jefferies Group LLC bought a new stake in shares of BMC Stock during the second quarter valued at approximately $281,000. 99.30% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Market Capitalization and Individual Investors

Insider Buying and Selling by Quarter for BMC Stock (NASDAQ:BMCH)

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