BidaskClub upgraded shares of BMC Stock (NASDAQ:BMCH) from a hold rating to a buy rating in a research note issued to investors on Friday morning.
A number of other equities analysts have also weighed in on BMCH. DA Davidson initiated coverage on shares of BMC Stock in a research note on Thursday, September 13th. They issued a buy rating and a $27.00 target price for the company. ValuEngine lowered shares of BMC Stock from a hold rating to a sell rating in a research note on Wednesday, September 26th. TheStreet lowered shares of BMC Stock from a b rating to a c+ rating in a research note on Thursday, September 27th. Goldman Sachs Group initiated coverage on shares of BMC Stock in a research note on Tuesday, October 2nd. They issued a neutral rating and a $21.00 target price for the company. Finally, Wedbush set a $25.00 target price on shares of BMC Stock and gave the stock a buy rating in a research note on Tuesday, October 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $21.85.
Shares of NASDAQ BMCH opened at $16.48 on Friday. The firm has a market capitalization of $1.16 billion, a P/E ratio of 16.16, a P/E/G ratio of 2.05 and a beta of 1.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.38 and a quick ratio of 1.43. BMC Stock has a 1-year low of $14.66 and a 1-year high of $24.75.
BMC Stock (NASDAQ:BMCH) last announced its earnings results on Thursday, November 1st. The company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.09. The firm had revenue of $990.00 million during the quarter, compared to analyst estimates of $957.79 million. BMC Stock had a net margin of 2.98% and a return on equity of 14.58%. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 EPS. Sell-side analysts expect that BMC Stock will post 1.69 earnings per share for the current year.
In other BMC Stock news, insider Michael Alan Farmer sold 3,200 shares of the business’s stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $17.31, for a total transaction of $55,392.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Carl R. Vertuca, Jr. sold 2,500 shares of the business’s stock in a transaction dated Friday, January 4th. The stock was sold at an average price of $16.50, for a total transaction of $41,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 8,200 shares of company stock worth $139,142 over the last three months. Insiders own 1.20% of the company’s stock.
Large investors have recently modified their holdings of the business. Public Employees Retirement Association of Colorado raised its holdings in shares of BMC Stock by 101.1% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 7,205 shares of the company’s stock valued at $134,000 after purchasing an additional 3,623 shares during the period. Macquarie Group Ltd. bought a new stake in shares of BMC Stock in the 2nd quarter valued at about $161,000. Buckingham Asset Management LLC bought a new stake in shares of BMC Stock in the 3rd quarter valued at about $187,000. Janus Henderson Group PLC bought a new stake in shares of BMC Stock in the 3rd quarter valued at about $206,000. Finally, Chicago Equity Partners LLC bought a new stake in shares of BMC Stock in the 3rd quarter valued at about $228,000.
BMC Stock Company Profile
BMC Stock Holdings, Inc operates as lumber and building materials distributor and solutions provider in the United States. Its primary products include structural components, such as floor trusses, 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 trim, custom millwork, moldings, stairs and stair parts, and cabinetry and other products.
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