BMC Stock (NASDAQ:BMCH) received a $23.00 price target from investment analysts at Stephens in a research report issued on Thursday. The brokerage currently has a “buy” rating on the stock. Stephens’ target price would suggest a potential upside of 22.67% from the company’s previous close.
A number of other research firms also recently commented on BMCH. BidaskClub raised shares of BMC Stock from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 27th. B. Riley downgraded shares of BMC Stock from a “buy” rating to a “neutral” rating and increased their target price for the stock from $25.00 to $26.00 in a research report on Wednesday, January 3rd. American Capital Partners reissued 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 raised shares of BMC Stock from a “sell” rating to a “hold” rating and set a $27.00 target price for the company in a research report on Friday, January 5th. Finally, TheStreet raised shares of BMC Stock from a “c” rating to a “b-” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $23.67.
BMC Stock (NASDAQ BMCH) traded down $0.25 during midday trading on Thursday, hitting $18.75. 1,000,100 shares of the stock were exchanged, compared to its average volume of 607,986. BMC Stock has a one year low of $18.20 and a one year high of $25.70. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.38 and a current ratio of 2.29. The firm has a market cap of $1,273.71, a P/E ratio of 22.06 and a beta of 1.28.
In related news, insider Keith Costello purchased 15,000 shares of the firm’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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey Gene Rea sold 75,000 shares of the company’s 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 disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. boosted its holdings in BMC Stock by 20.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,748 shares of the company’s stock worth $126,000 after acquiring an additional 989 shares during the period. California Public Employees Retirement System boosted its holdings in BMC Stock by 1.2% in the 4th quarter. California Public Employees Retirement System now owns 244,000 shares of the company’s stock worth $6,173,000 after acquiring an additional 2,900 shares during the period. SG Americas Securities LLC boosted its stake in shares of BMC Stock by 15.8% during the 3rd quarter. SG Americas Securities LLC now owns 22,153 shares of the company’s stock valued at $473,000 after buying an additional 3,027 shares during the last quarter. American International Group Inc. boosted its stake in shares of BMC Stock by 8.1% during the 3rd quarter. American International Group Inc. now owns 43,908 shares of the company’s stock valued at $937,000 after buying an additional 3,283 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of BMC Stock by 4.4% during the 4th quarter. Swiss National Bank now owns 102,619 shares of the company’s stock valued at $2,596,000 after buying an additional 4,300 shares during the last quarter.
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About BMC Stock
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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