Jeffrey Gene Rea Sells 57,300 Shares of BMC Stock Holdings Inc (BMCH) Stock

BMC Stock Holdings Inc (NASDAQ:BMCH) Director Jeffrey Gene Rea sold 57,300 shares of the company’s stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $22.96, for a total value of $1,315,608.00. Following the transaction, the director now directly owns 443,660 shares of the company’s stock, valued at $10,186,433.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Jeffrey Gene Rea also recently made the following trade(s):

  • On Tuesday, April 11th, Jeffrey Gene Rea sold 60,000 shares of BMC Stock Holdings stock. The stock was sold at an average price of $23.31, for a total value of $1,398,600.00.
  • On Wednesday, April 5th, Jeffrey Gene Rea sold 38,700 shares of BMC Stock Holdings stock. The stock was sold at an average price of $23.18, for a total value of $897,066.00.
  • On Friday, March 31st, Jeffrey Gene Rea sold 21,000 shares of BMC Stock Holdings stock. The stock was sold at an average price of $22.62, for a total value of $475,020.00.
  • On Wednesday, March 22nd, Jeffrey Gene Rea sold 42,000 shares of BMC Stock Holdings stock. The stock was sold at an average price of $22.48, for a total value of $944,160.00.
  • On Tuesday, March 14th, Jeffrey Gene Rea sold 60,000 shares of BMC Stock Holdings stock. The stock was sold at an average price of $21.57, for a total value of $1,294,200.00.

Shares of BMC Stock Holdings Inc (NASDAQ:BMCH) traded up 0.87% during mid-day trading on Friday, reaching $23.20. The company’s stock had a trading volume of 507,184 shares. The company’s 50-day moving average is $22.42 and its 200 day moving average is $19.57. BMC Stock Holdings Inc has a 1-year low of $15.45 and a 1-year high of $23.90. The firm has a market capitalization of $1.55 billion, a P/E ratio of 50.43 and a beta of 1.48.

BMC Stock Holdings (NASDAQ:BMCH) last posted its quarterly earnings results on Wednesday, March 1st. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.21. BMC Stock Holdings had a return on equity of 8.61% and a net margin of 0.46%. The firm earned $747.57 million during the quarter, compared to the consensus estimate of $760.82 million. During the same quarter in the previous year, the business earned $0.17 earnings per share. The firm’s quarterly revenue was up 46.5% compared to the same quarter last year. On average, analysts expect that BMC Stock Holdings Inc will post $1.33 earnings per share for the current year.

Insider Buying and Selling by Quarter for BMC Stock Holdings (NASDAQ:BMCH)

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A number of large investors have recently bought and sold shares of the stock. Davidson Kempner Capital Management LP purchased a new stake in BMC Stock Holdings during the fourth quarter worth about $118,514,000. Frontier Capital Management Co. LLC purchased a new stake in BMC Stock Holdings during the fourth quarter worth about $67,663,000. Skyline Asset Management LP purchased a new stake in BMC Stock Holdings during the fourth quarter worth about $24,159,000. Dimensional Fund Advisors LP purchased a new stake in BMC Stock Holdings during the fourth quarter worth about $19,193,000. Finally, Highland Capital Management LP purchased a new stake in BMC Stock Holdings during the fourth quarter worth about $15,185,000. 84.98% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the company. Seaport Global Securities assumed coverage on BMC Stock Holdings in a research note on Thursday, March 16th. They set a “buy” rating and a $26.00 target price for the company. FBR & Co reaffirmed an “outperform” rating and set a $26.00 target price (up from $21.00) on shares of BMC Stock Holdings in a research note on Wednesday, March 8th. Zacks Investment Research raised BMC Stock Holdings from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Tuesday, March 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $25.00 target price (up from $22.00) on shares of BMC Stock Holdings in a research note on Thursday, March 2nd. Finally, Barclays PLC started coverage on BMC Stock Holdings in a research note on Thursday, January 5th. They issued an “overweight” rating and a $22.00 price objective for the company. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. BMC Stock Holdings has a consensus rating of “Buy” and an average price target of $23.85.

About BMC Stock Holdings

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.

5 Day Chart for NASDAQ:BMCH

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