BMC Stock (BMCH) Lifted to Buy at BidaskClub

BidaskClub upgraded shares of BMC Stock (NASDAQ:BMCH) from a hold rating to a buy rating in a report issued on Thursday.

A number of other analysts have also recently weighed in on the company. Robert W. Baird restated a buy rating and issued a $23.00 price target on shares of BMC Stock in a research note on Sunday, September 10th. Royal Bank of Canada restated a buy rating and issued a $26.00 price target on shares of BMC Stock in a research note on Wednesday, November 15th. TheStreet upgraded BMC Stock from a c rating to a b- rating in a research note on Friday, December 1st. Finally, B. Riley reiterated a buy rating and set a $25.00 target price (up previously from $22.00) on shares of BMC Stock in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating and seven have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $24.00.

BMC Stock (BMCH) traded up $0.20 during trading on Thursday, reaching $24.75. The company’s stock had a trading volume of 616,608 shares, compared to its average volume of 684,532. BMC Stock has a one year low of $17.45 and a one year high of $24.80. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.38 and a current ratio of 2.29. The firm has a market capitalization of $1,670.00, a PE ratio of 33.00 and a beta of 1.50.

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

In other news, Director Jeffrey Gene Rea sold 73,779 shares of BMC Stock stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $23.00, for a total transaction of $1,696,917.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Keith Costello purchased 15,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were bought at an average cost of $23.13 per share, for a total transaction of $346,950.00. The disclosure for this purchase can be found here. Insiders have sold 180,000 shares of company stock worth $4,009,640 in the last quarter. Insiders own 3.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rubric Capital Management LP grew its holdings in shares of BMC Stock by 72.9% during the third quarter. Rubric Capital Management LP now owns 188,143 shares of the company’s stock worth $4,017,000 after buying an additional 79,343 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of BMC Stock by 89.8% during the third quarter. Sterling Capital Management LLC now owns 93,283 shares of the company’s stock worth $1,992,000 after buying an additional 44,144 shares during the last quarter. Highlander Capital Management LLC grew its holdings in shares of BMC Stock by 39.5% during the third quarter. Highlander Capital Management LLC now owns 31,800 shares of the company’s stock worth $679,000 after buying an additional 9,000 shares during the last quarter. Zions Bancorporation purchased a new position in shares of BMC Stock during the third quarter worth about $110,000. Finally, Vident Investment Advisory LLC purchased a new position in shares of BMC Stock during the third quarter worth about $285,000.

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BMC Stock 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.

Analyst Recommendations for BMC Stock (NASDAQ:BMCH)

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