BMC Stock (BMCH) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of BMC Stock (NASDAQ:BMCH) from a sell rating to a hold rating in a research report sent to investors on Friday morning.

According to Zacks, “BMC Stock Holdings Inc provides diversified building products and services to professional builders and contractors primarily in the residential housing market. The Company’s portfolio of products and services spans building materials includes millwork and structural component manufacturing capabilities, consultative showrooms and design centers, value-added installation management and eBusiness platform. BMC Stock Holdings, Inc., formerly known as Stock Building Supply Holdings, is headquartered in Raleigh, North Carolina. “

Several other research analysts have also commented on BMCH. BidaskClub lowered BMC Stock from a strong-buy rating to a buy rating in a research report on Thursday. B. Riley lowered BMC Stock from a buy rating to a neutral rating and lifted their target price for the stock from $25.00 to $26.00 in a research report on Wednesday, January 3rd. Robert W. Baird reiterated a buy rating and issued a $23.00 target price on shares of BMC Stock in a research report on Monday, October 9th. TheStreet upgraded BMC Stock from a c rating to a b- rating in a research report on Friday, December 1st. Finally, Royal Bank of Canada reiterated an outperform rating and issued a $25.00 target price (up previously from $23.00) on shares of BMC Stock in a research report on Tuesday, November 7th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of Buy and an average price target of $24.43.

Shares of BMC Stock (NASDAQ:BMCH) traded up $0.15 on Friday, hitting $24.45. The stock had a trading volume of 519,100 shares, compared to its average volume of 736,075. The firm has a market cap of $1,639.06, a price-to-earnings ratio of 32.60 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 has a one year low of $17.45 and a one year high of $25.70.

BMC Stock (NASDAQ:BMCH) last issued its earnings results on Monday, November 6th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). The firm had revenue of $881.01 million during the quarter, compared to analyst estimates of $888.09 million. BMC Stock had a return on equity of 9.42% and a net margin of 1.53%. BMC Stock’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 EPS. sell-side analysts forecast that BMC Stock will post 0.99 EPS for the current year.

In related news, insider Michael Alan Farmer sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $22.20, for a total transaction of $44,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey Gene Rea sold 75,000 shares of BMC Stock stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $25.00, for a total value of $1,875,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 227,000 shares of company stock valued at $5,294,400 in the last 90 days. Insiders own 3.70% of the company’s stock.

A number of institutional investors have recently made changes to their positions in BMCH. Zions Bancorporation bought a new stake in BMC Stock during the 3rd quarter valued at $110,000. Ameritas Investment Partners Inc. raised its stake in BMC Stock by 20.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,748 shares of the company’s stock valued at $126,000 after acquiring an additional 989 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in BMC Stock by 2,853.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,147 shares of the company’s stock valued at $156,000 after acquiring an additional 6,905 shares in the last quarter. Aperio Group LLC bought a new stake in BMC Stock during the 3rd quarter valued at $209,000. Finally, Koch Industries Inc. bought a new stake in BMC Stock during the 2nd quarter valued at $244,000.

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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.

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