Stock Building Supply Holdings Inc. (NASDAQ:BMCH) has earned a consensus rating of “Buy” from the nine analysts that are presently covering the company. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $21.76.
BMCH has been the topic of a number of recent research reports. Zacks Investment Research downgraded Stock Building Supply Holdings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 6th. FBR & Co reissued an “outperform” rating and set a $23.00 price target (up previously from $22.00) on shares of Stock Building Supply Holdings in a research report on Tuesday, August 16th. Credit Suisse Group AG started coverage on Stock Building Supply Holdings in a research report on Monday, June 20th. They set an “outperform” rating and a $22.00 price target on the stock. RBC Capital Markets restated a “buy” rating and set a $24.00 price objective on shares of Stock Building Supply Holdings in a research note on Friday, August 19th. Finally, Vetr upgraded Stock Building Supply Holdings from a “buy” rating to a “strong-buy” rating and set a $21.81 price objective for the company in a research note on Monday, June 6th.
In other Stock Building Supply Holdings news, major shareholder Gores Group, Llc sold 1,000,000 shares of the stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $19.80, for a total value of $19,800,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.15% of the stock is owned by company insiders.
Stock Building Supply Holdings (NASDAQ:BMCH) opened at 17.51 on Thursday. The stock has a 50 day moving average price of $19.34 and a 200 day moving average price of $18.60. Stock Building Supply Holdings has a 52-week low of $12.14 and a 52-week high of $21.50. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 124.18 and a beta of 1.40.
Stock Building Supply Holdings (NASDAQ:BMCH) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. Stock Building Supply Holdings had a return on equity of 8.31% and a net margin of 0.41%. The business had revenue of $797.50 million for the quarter, compared to the consensus estimate of $782.54 million. During the same quarter in the prior year, the company earned $0.25 EPS. The business’s revenue was up 123.2% compared to the same quarter last year. Analysts expect that Stock Building Supply Holdings will post $0.96 EPS for the current fiscal year.
About Stock Building Supply Holdings
BMC Stock Holdings, Inc, formerly Stock Building Supply Holdings, Inc, is a diversified lumber and building materials (LBM) distributor and solutions provider that sells to construction and repair and remodeling contractors. The Company’s operating segments include Mid-Atlantic, Southeast, Texas, Intermountain, West and Mountain West divisions.
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