BMC Stock Holdings Inc (BMCH) Holdings Increased by Sterling Capital Management LLC

Sterling Capital Management LLC boosted its position in BMC Stock Holdings Inc (NASDAQ:BMCH) by 89.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 93,283 shares of the company’s stock after acquiring an additional 44,144 shares during the period. Sterling Capital Management LLC owned about 0.14% of BMC Stock worth $1,992,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BMCH. Credit Suisse AG grew its stake in BMC Stock by 10.5% in the 1st quarter. Credit Suisse AG now owns 48,549 shares of the company’s stock worth $1,098,000 after acquiring an additional 4,619 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of BMC Stock during the 2nd quarter valued at $474,000. State of New Jersey Common Pension Fund D purchased a new stake in shares of BMC Stock during the 2nd quarter valued at $546,000. Schwab Charles Investment Management Inc. grew its stake in shares of BMC Stock by 23.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 310,505 shares of the company’s stock valued at $6,785,000 after buying an additional 58,684 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of BMC Stock by 30.8% during the 2nd quarter. Rhumbline Advisers now owns 77,646 shares of the company’s stock valued at $1,697,000 after buying an additional 18,287 shares during the period.

Shares of BMC Stock Holdings Inc (BMCH) opened at $23.35 on Monday. BMC Stock Holdings Inc has a 12 month low of $17.45 and a 12 month high of $23.90. The stock has a market cap of $1,565.31, a price-to-earnings ratio of 23.83 and a beta of 1.50. The company has a current ratio of 2.29, a quick ratio of 1.38 and a debt-to-equity ratio of 0.57.

BMC Stock (NASDAQ:BMCH) last announced its quarterly earnings results on Monday, November 6th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). BMC Stock had a return on equity of 9.42% and a net margin of 1.53%. The business had revenue of $881.01 million for the quarter, compared to analysts’ expectations of $888.09 million. During the same period last year, the company posted $0.32 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. sell-side analysts predict that BMC Stock Holdings Inc will post 0.98 earnings per share for the current fiscal year.

In related news, insider Michael Alan Farmer sold 2,000 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $22.20, for a total transaction of $44,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey Gene Rea sold 75,000 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $22.00, for a total transaction of $1,650,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 180,000 shares of company stock valued at $4,009,640. 3.70% of the stock is owned by corporate insiders.

Several analysts have recently issued reports on the stock. BidaskClub cut shares of BMC Stock from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. FBR & Co lowered their price objective on shares of BMC Stock from $26.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, August 22nd. TheStreet raised shares of BMC Stock from a “c” rating to a “b-” rating in a research note on Friday, December 1st. Robert W. Baird reissued a “buy” rating and set a $23.00 price objective on shares of BMC Stock in a research note on Monday, October 9th. Finally, B. Riley reissued a “buy” rating and set a $25.00 price objective (up from $22.00) on shares of BMC Stock in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. BMC Stock presently has a consensus rating of “Buy” and an average price target of $24.00.

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

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