Zacks Investment Research cut shares of BMC Stock Holdings, Inc. (NASDAQ:BMCH) from a hold rating to a sell rating in a research note released on Tuesday, August 8th.
According to Zacks, “BMC Stock Holdings Inc provides diversified building products and services to professional builders and contractors primarily in the residential housing market. The Company’s portfolio of products and services spans building materials includes millwork and structural component manufacturing capabilities, consultative showrooms and design centers, value-added installation management and eBusiness platform. BMC Stock Holdings, Inc., formerly known as Stock Building Supply Holdings, is headquartered in Raleigh, North Carolina. “
Other analysts also recently issued research reports about the stock. Royal Bank Of Canada reissued a buy rating and set a $24.00 price target on shares of BMC Stock Holdings in a research report on Wednesday, June 7th. Barclays PLC set a $24.00 price objective on shares of BMC Stock Holdings and gave the stock a buy rating in a report on Monday, May 8th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. BMC Stock Holdings currently has a consensus rating of Buy and an average price target of $24.40.
BMC Stock Holdings (BMCH) traded up 0.25% during mid-day trading on Tuesday, hitting $20.00. 679,722 shares of the stock were exchanged. The company has a 50 day moving average price of $21.40 and a 200 day moving average price of $21.40. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 32.84 and a beta of 1.47. BMC Stock Holdings has a 52-week low of $15.45 and a 52-week high of $23.90.
BMC Stock Holdings (NASDAQ:BMCH) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by $0.03. BMC Stock Holdings had a return on equity of 9.20% and a net margin of 1.28%. The company had revenue of $886.38 million for the quarter, compared to analyst estimates of $871.51 million. During the same period in the previous year, the business posted $0.32 EPS. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, analysts anticipate that BMC Stock Holdings will post $1.08 EPS for the current year.
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In other BMC Stock Holdings news, insider Lisa M. Hamblet sold 12,812 shares of BMC Stock Holdings stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $20.82, for a total value of $266,745.84. Following the completion of the transaction, the insider now owns 74,133 shares of the company’s stock, valued at $1,543,449.06. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.70% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the company. Koch Industries Inc. acquired a new position in BMC Stock Holdings during the second quarter worth approximately $244,000. Sterling Capital Management LLC bought a new stake in BMC Stock Holdings during the second quarter worth about $1,074,000. Ameritas Investment Partners Inc. boosted its stake in BMC Stock Holdings by 20.8% in the second quarter. Ameritas Investment Partners Inc. now owns 5,748 shares of the company’s stock worth $126,000 after buying an additional 989 shares during the last quarter. California State Teachers Retirement System boosted its stake in BMC Stock Holdings by 6.9% in the second quarter. California State Teachers Retirement System now owns 116,066 shares of the company’s stock worth $2,536,000 after buying an additional 7,498 shares during the last quarter. Finally, Highlander Capital Management LLC boosted its stake in BMC Stock Holdings by 2.2% in the second quarter. Highlander Capital Management LLC now owns 22,800 shares of the company’s stock worth $504,000 after buying an additional 500 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.
About BMC Stock Holdings
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.
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