BMC Stock Holdings Inc (NASDAQ:BMCH) Short Interest Down 6.2% in May

BMC Stock Holdings Inc (NASDAQ:BMCH) saw a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 2,833,500 shares, a drop of 6.2% from the April 30th total of 3,020,700 shares. Based on an average daily volume of 484,500 shares, the days-to-cover ratio is presently 5.8 days. Currently, 4.3% of the shares of the company are sold short.

In other BMC Stock news, Director David W. Bullock purchased 3,000 shares of the business’s stock in a transaction on Monday, May 6th. The stock was acquired at an average price of $22.64 per share, for a total transaction of $67,920.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Carl R. Vertuca, Jr. sold 5,000 shares of the stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $20.00, for a total value of $100,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,500 shares of company stock worth $374,800. 1.20% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley lifted its holdings in shares of BMC Stock by 95.4% during the 3rd quarter. Morgan Stanley now owns 332,292 shares of the company’s stock valued at $6,198,000 after purchasing an additional 162,202 shares in the last quarter. Rhumbline Advisers lifted its stake in BMC Stock by 45.8% in the 4th quarter. Rhumbline Advisers now owns 98,178 shares of the company’s stock valued at $1,520,000 after acquiring an additional 30,823 shares in the last quarter. Prudential Financial Inc. lifted its stake in BMC Stock by 6.4% in the 4th quarter. Prudential Financial Inc. now owns 942,916 shares of the company’s stock valued at $14,597,000 after acquiring an additional 56,705 shares in the last quarter. First Trust Advisors LP lifted its stake in BMC Stock by 39.6% in the 4th quarter. First Trust Advisors LP now owns 115,299 shares of the company’s stock valued at $1,785,000 after acquiring an additional 32,719 shares in the last quarter. Finally, Summit Global Investments lifted its stake in BMC Stock by 17.4% in the 4th quarter. Summit Global Investments now owns 39,800 shares of the company’s stock valued at $616,000 after acquiring an additional 5,900 shares in the last quarter.

Shares of BMC Stock stock traded up $0.16 during trading on Thursday, reaching $20.56. 2,602 shares of the stock traded hands, compared to its average volume of 456,773. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 2.77 and a beta of 1.14. The company has a quick ratio of 1.51, a current ratio of 2.37 and a debt-to-equity ratio of 0.50. BMC Stock has a 52-week low of $14.66 and a 52-week high of $23.15.

BMC Stock (NASDAQ:BMCH) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.11. The company had revenue of $825.40 million during the quarter, compared to analyst estimates of $798.04 million. BMC Stock had a return on equity of 15.62% and a net margin of 3.40%. The firm’s revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the business posted $0.29 earnings per share. On average, equities analysts expect that BMC Stock will post 1.51 EPS for the current fiscal year.

A number of brokerages have issued reports on BMCH. BidaskClub upgraded BMC Stock from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 7th. Zacks Investment Research upgraded BMC Stock from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. ValuEngine lowered BMC Stock from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. SunTrust Banks increased their price target on BMC Stock to $23.00 and gave the stock a “hold” rating in a research note on Thursday, May 2nd. Finally, DA Davidson set a $20.00 price target on BMC Stock and gave the stock a “hold” rating in a research note on Thursday, February 28th. Twelve research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $22.13.

BMC Stock Company Profile

BMC Stock Holdings, Inc distributes lumber and building materials to new construction, and repair and remodeling contractors in the United States. Its products comprise structural components, such as floor and roof trusses, wall panels, and engineered wood products; lumber and lumber sheet goods, including dimensional lumber, plywood, and oriented strand board products used in on-site house framing under the Ready-Frame brand; and millwork, doors, and windows comprising interior and exterior doors, windows, interior trims, custom millworks, moldings, stairs and stair parts, and cabinetry and other products.

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