BMC Stock Holdings, Inc. (NASDAQ:BMCH) insider Peter Alexander sold 28,000 shares of the firm’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $21.08, for a total value of $590,240.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of BMC Stock Holdings, Inc. (NASDAQ BMCH) opened at 20.50 on Friday. BMC Stock Holdings, Inc. has a 12-month low of $15.45 and a 12-month high of $23.90. The firm has a market cap of $1.37 billion, a P/E ratio of 33.66 and a beta of 1.49. The company’s 50 day moving average price is $20.68 and its 200 day moving average price is $21.36.
BMC Stock Holdings (NASDAQ:BMCH) last announced its earnings results on Thursday, August 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.03). BMC Stock Holdings had a return on equity of 9.20% and a net margin of 1.28%. The company had revenue of $886.38 million during the quarter, compared to analysts’ expectations of $871.51 million. During the same quarter last year, the firm posted $0.32 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis. Equities research analysts forecast that BMC Stock Holdings, Inc. will post $1.07 EPS for the current year.
A number of large investors have recently made changes to their positions in BMCH. Bank of New York Mellon Corp grew its position in BMC Stock Holdings by 423.1% in the first quarter. Bank of New York Mellon Corp now owns 1,028,696 shares of the company’s stock worth $23,250,000 after acquiring an additional 832,052 shares in the last quarter. GMT Capital Corp purchased a new position in BMC Stock Holdings in the second quarter worth $15,912,000. Victory Capital Management Inc. grew its position in BMC Stock Holdings by 106.0% in the second quarter. Victory Capital Management Inc. now owns 1,365,066 shares of the company’s stock worth $29,827,000 after acquiring an additional 702,295 shares in the last quarter. Westfield Capital Management Co. LP grew its position in BMC Stock Holdings by 64.3% in the second quarter. Westfield Capital Management Co. LP now owns 1,718,041 shares of the company’s stock worth $37,539,000 after acquiring an additional 672,491 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in BMC Stock Holdings by 662.1% in the first quarter. Renaissance Technologies LLC now owns 731,600 shares of the company’s stock worth $16,534,000 after acquiring an additional 635,600 shares in the last quarter.
Several research firms recently weighed in on BMCH. Zacks Investment Research downgraded BMC Stock Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Robert W. Baird reissued a “buy” rating and set a $23.00 price objective on shares of BMC Stock Holdings in a report on Monday. Barclays PLC cut their price objective on BMC Stock Holdings from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, August 4th. FBR & Co cut their price objective on BMC Stock Holdings from $26.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, August 22nd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $24.00 price objective on shares of BMC Stock Holdings in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. BMC Stock Holdings currently has an average rating of “Buy” and an average price target of $23.40.
BMC Stock Holdings Company Profile
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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