BMC Stock (BMCH) Upgraded to “Strong-Buy” at BidaskClub

BidaskClub upgraded shares of BMC Stock (NASDAQ:BMCH) from a buy rating to a strong-buy rating in a research report released on Wednesday.

Several other equities analysts also recently issued reports on the stock. Robert W. Baird reaffirmed a buy rating and set a $23.00 price target on shares of BMC Stock in a research note on Sunday, September 10th. Royal Bank of Canada reaffirmed a buy rating and set a $26.00 price target on shares of BMC Stock in a research note on Wednesday, November 15th. TheStreet raised shares of BMC Stock from a c rating to a b- rating in a research note on Friday, December 1st. Finally, B. Riley reaffirmed a buy rating and set a $25.00 price target (up previously from $22.00) on shares of BMC Stock in a research note on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. BMC Stock has a consensus rating of Buy and a consensus price target of $24.00.

BMC Stock (NASDAQ BMCH) opened at $25.20 on Wednesday. The company has a market cap of $1,660.00, a P/E ratio of 33.60 and a beta of 1.50. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.29 and a quick ratio of 1.38. BMC Stock has a 52 week low of $17.45 and a 52 week high of $25.30.

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

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

Large investors have recently bought and sold shares of the business. 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 valued at $4,017,000 after buying an additional 79,343 shares during the last quarter. Sterling Capital Management LLC raised its position in BMC Stock by 89.8% in the third quarter. Sterling Capital Management LLC now owns 93,283 shares of the company’s stock worth $1,992,000 after acquiring an additional 44,144 shares during the period. Highlander Capital Management LLC raised its position in BMC Stock by 39.5% in the third quarter. Highlander Capital Management LLC now owns 31,800 shares of the company’s stock worth $679,000 after acquiring an additional 9,000 shares during the period. Zions Bancorporation bought a new stake in BMC Stock in the third quarter worth about $110,000. Finally, Vident Investment Advisory LLC bought a new stake in BMC Stock in the third quarter worth about $285,000.

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About BMC Stock

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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