BMC Stock Holdings Inc (NASDAQ:BMCH) – Wedbush lifted their Q1 2020 earnings estimates for BMC Stock in a report issued on Wednesday, November 6th. Wedbush analyst J. Mccanless now forecasts that the company will earn $0.33 per share for the quarter, up from their previous estimate of $0.31. Wedbush currently has a “Neutral” rating and a $30.00 target price on the stock. Wedbush also issued estimates for BMC Stock’s Q2 2020 earnings at $0.65 EPS, Q3 2020 earnings at $0.62 EPS, Q4 2020 earnings at $0.26 EPS, FY2020 earnings at $1.88 EPS and FY2021 earnings at $2.09 EPS.
Several other research firms have also commented on BMCH. B. Riley boosted their price target on BMC Stock from $28.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday. Evercore ISI raised BMC Stock from an “in-line” rating to an “outperform” rating in a research report on Friday, August 9th. Buckingham Research boosted their price target on BMC Stock from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. BidaskClub lowered BMC Stock from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Royal Bank of Canada raised BMC Stock from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $25.00 to $29.00 in a research report on Tuesday, October 15th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. BMC Stock has a consensus rating of “Buy” and an average price target of $26.50.
BMC Stock (NASDAQ:BMCH) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. The business had revenue of $964.25 million during the quarter, compared to the consensus estimate of $947.70 million. BMC Stock had a return on equity of 13.87% and a net margin of 3.28%. The business’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.58 EPS.
In other BMC Stock news, Director Carl R. Vertuca, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $25.10, for a total value of $251,000.00. Following the transaction, the director now directly owns 19,771 shares of the company’s stock, valued at approximately $496,252.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lisa M. Hamblet sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $25.55, for a total value of $25,550.00. Over the last ninety days, insiders sold 97,600 shares of company stock worth $2,674,083. 1.20% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its position in shares of BMC Stock by 7.3% in the 2nd quarter. BlackRock Inc. now owns 5,415,068 shares of the company’s stock valued at $114,799,000 after purchasing an additional 368,188 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of BMC Stock by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 3,277,653 shares of the company’s stock valued at $69,486,000 after acquiring an additional 44,818 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of BMC Stock by 78.8% in the 2nd quarter. Prudential Financial Inc. now owns 1,969,285 shares of the company’s stock valued at $41,748,000 after acquiring an additional 867,790 shares during the last quarter. Northern Trust Corp increased its holdings in shares of BMC Stock by 0.8% in the 2nd quarter. Northern Trust Corp now owns 1,436,311 shares of the company’s stock valued at $30,450,000 after acquiring an additional 11,332 shares during the last quarter. Finally, Nuveen Asset Management LLC bought a new stake in shares of BMC Stock in the 2nd quarter valued at approximately $24,609,000. 99.04% of the stock is currently owned by institutional investors.
BMC Stock Company Profile
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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