A number of other analysts have also recently commented on the stock. Royal Bank of Canada set a $23.00 price target on shares of BMC Stock and gave the company a “hold” rating in a research note on Thursday, May 2nd. ValuEngine upgraded shares of BMC Stock from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. DA Davidson set a $20.00 price target on shares of BMC Stock and gave the company a “hold” rating in a research note on Thursday, February 28th. Credit Suisse Group set a $20.00 price target on shares of BMC Stock and gave the company a “hold” rating in a research note on Friday, March 1st. Finally, TheStreet upgraded shares of BMC Stock from a “c+” rating to a “b-” rating in a research note on Wednesday, March 20th. Twelve equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. BMC Stock has an average rating of “Hold” and a consensus price target of $22.13.
Shares of BMCH stock opened at $20.19 on Tuesday. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 2.68 and a beta of 1.14. The company has a quick ratio of 1.51, a current ratio of 2.37 and a debt-to-equity ratio of 0.50. BMC Stock has a one year low of $14.66 and a one year high of $23.15.
BMC Stock (NASDAQ:BMCH) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.11. The firm had revenue of $825.40 million during the quarter, compared to analysts’ expectations of $798.04 million. BMC Stock had a net margin of 3.40% and a return on equity of 15.62%. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 earnings per share. As a group, equities research analysts predict that BMC Stock will post 1.51 earnings per share for the current fiscal year.
In related news, insider Michael Alan Farmer sold 2,500 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $22.60, for a total transaction of $56,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider David E. Flitman purchased 9,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average cost of $22.49 per share, for a total transaction of $202,410.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 17,500 shares of company stock valued at $374,800. 1.20% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. acquired a new stake in shares of BMC Stock in the 1st quarter valued at approximately $246,000. Marshall Wace LLP boosted its stake in shares of BMC Stock by 16.4% in the 1st quarter. Marshall Wace LLP now owns 67,144 shares of the company’s stock valued at $1,186,000 after purchasing an additional 9,452 shares in the last quarter. BlueMountain Capital Management LLC boosted its stake in shares of BMC Stock by 154.4% in the 1st quarter. BlueMountain Capital Management LLC now owns 23,429 shares of the company’s stock valued at $414,000 after purchasing an additional 14,221 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of BMC Stock in the 1st quarter valued at approximately $916,000. Finally, Zebra Capital Management LLC boosted its stake in shares of BMC Stock by 38.0% in the 1st quarter. Zebra Capital Management LLC now owns 45,393 shares of the company’s stock valued at $802,000 after purchasing an additional 12,494 shares in the last quarter.
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.
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