Metropolitan Life Insurance Co. NY Lowers Stake in BMC Stock Holdings, Inc. (BMCH)

Metropolitan Life Insurance Co. NY decreased its position in BMC Stock Holdings, Inc. (NASDAQ:BMCH) by 3.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,433 shares of the company’s stock after selling 1,497 shares during the period. Metropolitan Life Insurance Co. NY owned about 0.06% of BMC Stock Holdings worth $869,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Westfield Capital Management Co. LP acquired a new position in shares of BMC Stock Holdings during the first quarter worth $23,629,000. Dimensional Fund Advisors LP acquired a new position in shares of BMC Stock Holdings during the fourth quarter worth $19,193,000. Bank of New York Mellon Corp increased its position in shares of BMC Stock Holdings by 423.1% in the first quarter. Bank of New York Mellon Corp now owns 1,028,696 shares of the company’s stock worth $23,250,000 after buying an additional 832,052 shares during the last quarter. Mesirow Financial Investment Management Equity Management acquired a new position in shares of BMC Stock Holdings during the first quarter worth $15,223,000. Finally, Victory Capital Management Inc. acquired a new position in shares of BMC Stock Holdings during the first quarter worth $14,979,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

BMC Stock Holdings, Inc. (BMCH) opened at 20.00 on Friday. BMC Stock Holdings, Inc. has a 1-year low of $15.45 and a 1-year high of $23.90. The company has a 50-day moving average price of $21.35 and a 200 day moving average price of $21.41. The stock has a market cap of $1.34 billion, a P/E ratio of 32.84 and a beta of 1.47.

BMC Stock Holdings (NASDAQ:BMCH) last issued its earnings results on Thursday, August 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $871.51 million. During the same quarter in the prior year, the business posted $0.32 EPS. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. Equities analysts expect that BMC Stock Holdings, Inc. will post $1.08 earnings per share for the current fiscal year.

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BMCH has been the topic of a number of research analyst reports. Barclays PLC cut 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. Zacks Investment Research downgraded BMC Stock Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $24.00 target price on shares of BMC Stock Holdings in a research note on Tuesday, July 18th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. BMC Stock Holdings presently has an average rating of “Buy” and an average price target of $24.40.

In related news, insider Lisa M. Hamblet sold 12,812 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 74,133 shares in the company, valued at $1,543,449.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.70% 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.

Institutional Ownership by Quarter for BMC Stock Holdings (NASDAQ:BMCH)

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