BMC Stock Holdings’ (BMCH) “Buy” Rating Reiterated at Robert W. Baird

Robert W. Baird reissued their buy rating on shares of BMC Stock Holdings, Inc. (NASDAQ:BMCH) in a research report released on Monday, October 9th. Robert W. Baird currently has a $23.00 price target on the stock.

Several other research analysts also recently weighed in on BMCH. Zacks Investment Research downgraded BMC Stock Holdings from a hold rating to a sell rating in a research note on Tuesday, August 8th. Barclays PLC dropped their target price on BMC Stock Holdings from $24.00 to $22.00 and set an overweight rating on the stock in a research note on Friday, August 4th. FBR & Co dropped their target price on BMC Stock Holdings from $26.00 to $22.00 and set a buy rating on the stock in a research note on Tuesday, August 22nd. Finally, Royal Bank Of Canada restated a buy rating and set a $24.00 target price on shares of BMC Stock Holdings in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. BMC Stock Holdings has a consensus rating of Buy and an average price target of $23.40.

BMC Stock Holdings (NASDAQ:BMCH) traded up 2.70% during mid-day trading on Monday, hitting $20.95. 612,171 shares of the stock were exchanged. The stock has a 50 day moving average price of $20.79 and a 200 day moving average price of $21.34. BMC Stock Holdings has a 1-year low of $15.45 and a 1-year high of $23.90. The company has a market capitalization of $1.40 billion, a PE ratio of 34.40 and a beta of 1.49.

BMC Stock Holdings (NASDAQ:BMCH) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.03). BMC Stock Holdings had a net margin of 1.28% and a return on equity of 9.20%. The company had revenue of $886.38 million during the quarter, compared to the consensus estimate of $871.51 million. During the same period in the previous year, the business earned $0.32 earnings per share. BMC Stock Holdings’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities analysts anticipate that BMC Stock Holdings will post $1.07 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This report was first reported by BBNS and is the property of of BBNS. If you are viewing this report on another domain, it was copied illegally and reposted in violation of U.S. & international copyright law. The correct version of this report can be accessed at https://baseballnewssource.com/markets/bmc-stock-holdings-inc-bmch-given-buy-rating-at-robert-w-baird/1702511.html.

In other news, insider Peter Alexander sold 28,000 shares of the business’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $21.08, for a total value of $590,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James F. Jr. Major sold 20,000 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $20.24, for a total value of $404,800.00. Following the completion of the transaction, the insider now directly owns 176,482 shares of the company’s stock, valued at approximately $3,571,995.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,812 shares of company stock valued at $1,261,786. 3.70% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the stock. Highlander Capital Management LLC increased its stake in shares of BMC Stock Holdings by 2.2% in the 2nd quarter. Highlander Capital Management LLC now owns 22,800 shares of the company’s stock valued at $504,000 after purchasing an additional 500 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of BMC Stock Holdings by 20.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,748 shares of the company’s stock valued at $126,000 after purchasing an additional 989 shares in the last quarter. Legal & General Group Plc increased its stake in shares of BMC Stock Holdings by 15.5% in the 2nd quarter. Legal & General Group Plc now owns 15,739 shares of the company’s stock valued at $344,000 after purchasing an additional 2,108 shares in the last quarter. American International Group Inc. increased its stake in shares of BMC Stock Holdings by 7.1% in the 1st quarter. American International Group Inc. now owns 33,944 shares of the company’s stock valued at $767,000 after purchasing an additional 2,251 shares in the last quarter. Finally, Worth Venture Partners LLC increased its stake in shares of BMC Stock Holdings by 15.8% in the 2nd quarter. Worth Venture Partners LLC now owns 24,962 shares of the company’s stock valued at $545,000 after purchasing an additional 3,410 shares in the last quarter. Hedge funds and other institutional investors own 98.17% of the company’s stock.

BMC Stock Holdings 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 Holdings (NASDAQ:BMCH)

Receive News & Ratings for BMC Stock Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BMC Stock Holdings Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Alex Cora Becomes New Manager for Boston Red Sox
Alex Cora Becomes New Manager for Boston Red Sox
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends


Leave a Reply

 
© 2006-2017 BBNS.