BMC Stock (NASDAQ:BMCH) had its price target lowered by equities researchers at Barclays from $28.00 to $24.00 in a research report issued to clients and investors on Wednesday. The firm presently has an “overweight” rating on the stock. Barclays’ price objective suggests a potential upside of 26.32% from the company’s previous close.
Other equities research analysts have also issued research reports about the company. BidaskClub upgraded BMC Stock from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. American Capital Partners restated a “neutral” rating and set a $26.00 target price (up previously from $25.00) on shares of BMC Stock in a research report on Friday, January 5th. Zacks Investment Research upgraded BMC Stock from a “sell” rating to a “hold” rating and set a $27.00 target price on the stock in a research report on Friday, January 5th. B. Riley lowered BMC Stock from a “buy” rating to a “neutral” rating and upped their target price for the company from $25.00 to $26.00 in a research report on Wednesday, January 3rd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $25.00 target price (up previously from $23.00) on shares of BMC Stock in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $23.75.
Shares of BMC Stock (NASDAQ:BMCH) traded down $0.85 during mid-day trading on Wednesday, hitting $19.00. The stock had a trading volume of 1,642,800 shares, compared to its average volume of 593,377. The firm has a market capitalization of $1,330.69, a PE ratio of 25.33 and a beta of 1.28. The company has a current ratio of 2.29, a quick ratio of 1.38 and a debt-to-equity ratio of 0.57. BMC Stock has a 12 month low of $18.20 and a 12 month high of $25.70.
In other BMC Stock news, Director Jeffrey Gene Rea sold 75,000 shares of the stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $25.00, for a total value of $1,875,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Keith Costello purchased 15,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was purchased at an average price of $23.13 per share, for a total transaction of $346,950.00. The disclosure for this purchase can be found here. 3.70% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in BMC Stock by 26.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,854,388 shares of the company’s stock worth $39,592,000 after acquiring an additional 392,741 shares in the last quarter. Vident Investment Advisory LLC bought a new position in BMC Stock in the third quarter worth approximately $285,000. Frontier Capital Management Co. LLC boosted its holdings in BMC Stock by 4.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 3,793,555 shares of the company’s stock worth $95,977,000 after acquiring an additional 145,067 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in BMC Stock by 17.9% in the second quarter. The Manufacturers Life Insurance Company now owns 50,608 shares of the company’s stock worth $1,106,000 after acquiring an additional 7,691 shares in the last quarter. Finally, GMT Capital Corp boosted its holdings in BMC Stock by 4.1% in the third quarter. GMT Capital Corp now owns 767,046 shares of the company’s stock worth $16,376,000 after acquiring an additional 30,369 shares in the last quarter.
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BMC Stock 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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