B. Riley Reaffirms “Buy” Rating for BMC Stock Holdings, Inc. (BMCH)

BMC Stock Holdings, Inc. (NASDAQ:BMCH)‘s stock had its “buy” rating reaffirmed by analysts at B. Riley in a note issued to investors on Tuesday, November 7th. They presently have a $25.00 target price on the stock, up from their previous target price of $22.00. B. Riley’s price target would suggest a potential upside of 9.41% from the company’s previous close. B. Riley also issued estimates for BMC Stock’s Q4 2017 earnings at $0.27 EPS, FY2017 earnings at $0.92 EPS and FY2018 earnings at $1.30 EPS.

A number of other analysts have also issued reports on BMCH. Royal Bank Of Canada reissued a “buy” rating and issued a $24.00 target price on shares of BMC Stock in a research report on Tuesday, July 18th. Zacks Investment Research lowered BMC Stock from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. Barclays PLC cut their target price on BMC Stock from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, August 4th. Robert W. Baird reaffirmed a “buy” rating and set a $23.00 price objective on shares of BMC Stock in a research report on Monday, October 9th. Finally, FBR & Co cut their price objective on BMC Stock from $26.00 to $22.00 and set a “buy” rating on the stock in a research report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $24.00.

Shares of BMC Stock (NASDAQ:BMCH) opened at $22.85 on Tuesday. The company has a market capitalization of $1,530.00, a PE ratio of 23.32 and a beta of 1.48. BMC Stock has a 12-month low of $17.45 and a 12-month high of $23.90. 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 issued its earnings results on Monday, November 6th. The company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ 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 company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 earnings per share. analysts predict that BMC Stock will post 0.98 earnings per share for the current fiscal year.

In other news, Director Jeffrey Gene Rea sold 1,221 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $23.00, for a total value of $28,083.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider James F. Jr. Major sold 20,000 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $20.24, for a total transaction of $404,800.00. Following the completion of the transaction, the insider now directly owns 176,482 shares in the company, valued at approximately $3,571,995.68. The disclosure for this sale can be found here. Insiders sold 126,221 shares of company stock valued at $2,717,523 over the last ninety days. Corporate insiders own 3.70% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. raised its holdings in shares of BMC Stock by 106.0% in the 2nd quarter. Victory Capital Management Inc. now owns 1,365,066 shares of the company’s stock worth $29,827,000 after purchasing an additional 702,295 shares in the last quarter. Renaissance Technologies LLC raised its stake in BMC Stock by 662.1% during the 1st quarter. Renaissance Technologies LLC now owns 731,600 shares of the company’s stock valued at $16,534,000 after purchasing an additional 635,600 shares during the last quarter. FNY Partners Fund LP raised its stake in BMC Stock by 4,066.7% during the 2nd quarter. FNY Partners Fund LP now owns 25,000 shares of the company’s stock valued at $546,000 after purchasing an additional 24,400 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of BMC Stock in the 1st quarter valued at $276,000. Finally, Credit Suisse AG raised its stake in shares of BMC Stock by 10.5% in the 1st quarter. Credit Suisse AG now owns 48,549 shares of the company’s stock valued at $1,098,000 after buying an additional 4,619 shares in the last quarter.

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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.

Analyst Recommendations for BMC Stock (NASDAQ:BMCH)

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