Forest Hill Capital LLC grew its position in BMC Stock Holdings Inc (NASDAQ:BMCH) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 202,258 shares of the company’s stock after acquiring an additional 18,000 shares during the period. Forest Hill Capital LLC’s holdings in BMC Stock were worth $5,117,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Zions Bancorporation purchased a new stake in shares of BMC Stock in the third quarter valued at about $110,000. Pinnacle Associates Ltd. purchased a new stake in shares of BMC Stock in the fourth quarter valued at about $202,000. Paloma Partners Management Co purchased a new stake in shares of BMC Stock in the fourth quarter valued at about $208,000. Aperio Group LLC purchased a new stake in shares of BMC Stock in the third quarter valued at about $209,000. Finally, Amalgamated Bank purchased a new stake in shares of BMC Stock in the fourth quarter valued at about $222,000.
Shares of BMC Stock Holdings Inc (BMCH) opened at $20.15 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 2.33 and a debt-to-equity ratio of 0.49. BMC Stock Holdings Inc has a 52 week low of $18.20 and a 52 week high of $25.70. The company has a market cap of $1,346.17, a PE ratio of 23.71 and a beta of 1.41.
Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of BMC Stock from a “sell” rating to a “hold” rating and set a $27.00 target price on the stock in a report on Friday, January 5th. BidaskClub raised shares of BMC Stock from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Stephens set a $23.00 price objective on shares of BMC Stock and gave the company a “buy” rating in a research note on Thursday, March 1st. B. Riley cut shares of BMC Stock from a “buy” rating to a “neutral” rating and raised their price objective for the company from $25.00 to $26.00 in a research note on Wednesday, January 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $23.00 price objective (up previously from $22.00) on shares of BMC Stock in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $23.67.
In other BMC Stock news, Director David W. Bullock bought 5,000 shares of the business’s stock in a transaction on Thursday, March 1st. The stock was bought at an average price of $19.13 per share, for a total transaction of $95,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carl R. Vertuca, Jr. sold 7,000 shares of BMC Stock stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $19.70, for a total transaction of $137,900.00. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.
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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