Third Avenue Management LLC lessened its holdings in shares of BMC Stock Holdings, Inc. (NASDAQ:BMCH) by 4.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 270,800 shares of the company’s stock after selling 12,600 shares during the period. Third Avenue Management LLC owned about 0.40% of BMC Stock Holdings worth $5,782,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Robotti Robert grew its position in shares of BMC Stock Holdings by 2.4% during the 2nd quarter. Robotti Robert now owns 3,257,763 shares of the company’s stock worth $63,243,000 after purchasing an additional 77,866 shares in the last quarter. Vanguard Group Inc. grew its position in shares of BMC Stock Holdings by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,558,236 shares of the company’s stock worth $55,897,000 after purchasing an additional 51,273 shares in the last quarter. Boston Partners grew its position in shares of BMC Stock Holdings by 14.6% during the 2nd quarter. Boston Partners now owns 1,914,275 shares of the company’s stock worth $41,827,000 after purchasing an additional 243,382 shares in the last quarter. Westfield Capital Management Co. LP grew its position in shares of BMC Stock Holdings by 64.3% during the 2nd quarter. Westfield Capital Management Co. LP now owns 1,718,041 shares of the company’s stock worth $37,539,000 after purchasing an additional 672,491 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of BMC Stock Holdings by 30.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,461,647 shares of the company’s stock worth $31,937,000 after purchasing an additional 339,360 shares in the last quarter.
Shares of BMC Stock Holdings, Inc. (BMCH) traded down 1.17% during mid-day trading on Monday, hitting $21.05. 79,661 shares of the stock were exchanged. The stock’s 50-day moving average is $21.02 and its 200-day moving average is $21.23. BMC Stock Holdings, Inc. has a 52 week low of $15.45 and a 52 week high of $23.90. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 34.56 and a beta of 1.49.
BMC Stock Holdings (NASDAQ:BMCH) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.03). The business had revenue of $886.38 million during the quarter, compared to the consensus estimate of $871.51 million. BMC Stock Holdings had a return on equity of 9.20% and a net margin of 1.28%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 earnings per share. Analysts forecast that BMC Stock Holdings, Inc. will post $1.07 earnings per share for the current fiscal year.
A number of research analysts have issued reports on BMCH shares. Robert W. Baird restated a “buy” rating and set a $23.00 target price on shares of BMC Stock Holdings in a research report on Sunday, September 10th. Barclays PLC decreased their target price on shares of BMC Stock Holdings from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, August 4th. FBR & Co decreased their target price on shares of BMC Stock Holdings from $26.00 to $22.00 and set a “buy” rating on the stock in a research report on Tuesday, August 22nd. Zacks Investment Research lowered shares of BMC Stock Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $24.00 price target on shares of BMC Stock Holdings in a report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. BMC Stock Holdings presently has an average rating of “Buy” and a consensus target price of $23.40.
In other news, insider Lisa M. Hamblet sold 12,812 shares of the business’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 completion of the sale, the insider now directly owns 74,133 shares in the company, valued at approximately $1,543,449.06. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Peter Alexander sold 28,000 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $21.08, for a total transaction of $590,240.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 60,812 shares of company stock valued at $1,261,786. Company insiders own 3.70% of the company’s stock.
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BMC Stock Holdings 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.
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