BMC Stock (BMCH) Raised to “Sell” at BidaskClub

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

Other research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of BMC Stock from a buy rating to a hold rating in a research report on Wednesday, January 31st. TheStreet upgraded shares of BMC Stock from a c rating to a b- rating in a research report on Friday, December 1st. Royal Bank of Canada restated a buy rating and issued a $26.00 price objective on shares of BMC Stock in a research report on Wednesday, November 15th. B. Riley restated a buy rating and issued a $25.00 price objective (up from $22.00) on shares of BMC Stock in a research report on Tuesday, November 7th. Finally, American Capital Partners restated a neutral rating and issued a $26.00 price objective (up from $25.00) on shares of BMC Stock in a research report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. BMC Stock has a consensus rating of Hold and a consensus target price of $24.75.

BMC Stock (BMCH) opened at $20.60 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 2.29 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $1,350.00, a price-to-earnings ratio of 27.47 and a beta of 1.28. BMC Stock has a twelve month low of $18.20 and a twelve month high of $25.70.

In other BMC Stock news, Director Jeffrey Gene Rea sold 1,221 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $23.00, for a total value of $28,083.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Keith Costello bought 15,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was purchased at an average cost of $23.13 per share, with a total value of $346,950.00. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 150,000 shares of company stock valued at $3,600,000. 3.70% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Zions Bancorporation purchased a new stake in BMC Stock in the third quarter worth approximately $110,000. Ameritas Investment Partners Inc. boosted its stake in BMC Stock by 20.8% in the second quarter. Ameritas Investment Partners Inc. now owns 5,748 shares of the company’s stock worth $126,000 after buying an additional 989 shares in the last quarter. Aperio Group LLC purchased a new stake in BMC Stock in the third quarter worth approximately $209,000. Vident Investment Advisory LLC purchased a new stake in BMC Stock in the third quarter worth approximately $285,000. Finally, Sei Investments Co. boosted its stake in BMC Stock by 2,582.9% in the third quarter. Sei Investments Co. now owns 13,495 shares of the company’s stock worth $288,000 after buying an additional 12,992 shares in the last quarter.

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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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