Wedbush Reaffirms “Outperform” Rating for BMC Stock (BMCH)

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Wedbush restated their outperform rating on shares of BMC Stock (NASDAQ:BMCH) in a report published on Tuesday morning. The firm currently has a $23.00 price objective on the stock.

BMCH has been the subject of several other research reports. DA Davidson lowered shares of BMC Stock from a buy rating to a neutral rating and lowered their price target for the stock from $26.00 to $19.00 in a research report on Thursday, January 10th. BidaskClub upgraded shares of BMC Stock from a hold rating to a buy rating in a research report on Friday, January 11th. ValuEngine upgraded shares of BMC Stock from a sell rating to a hold rating in a research report on Thursday, February 28th. Credit Suisse Group set a $20.00 price target on shares of BMC Stock and gave the stock a hold rating in a research report on Friday, March 1st. Finally, Zacks Investment Research upgraded shares of BMC Stock from a hold rating to a buy rating and set a $18.00 price target for the company in a research report on Monday, January 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $21.29.

BMC Stock stock opened at $18.03 on Tuesday. The stock has a market cap of $1.22 billion, a PE ratio of 9.69, a PEG ratio of 2.68 and a beta of 1.18. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.86 and a quick ratio of 1.82. BMC Stock has a one year low of $14.66 and a one year high of $23.15.

BMC Stock (NASDAQ:BMCH) last released its quarterly earnings results on Thursday, February 28th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.29 by $0.19. The business had revenue of $859.50 million during the quarter, compared to analyst estimates of $850.72 million. BMC Stock had a net margin of 3.25% and a return on equity of 15.78%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 earnings per share. Equities research analysts predict that BMC Stock will post 1.35 EPS for the current year.

In related news, Director David W. Bullock acquired 5,000 shares of BMC Stock stock in a transaction that occurred on Monday, March 11th. The stock was acquired at an average price of $18.49 per share, with a total value of $92,450.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carl R. Vertuca, Jr. sold 2,500 shares of the company’s stock in a transaction dated Wednesday, January 9th. The stock was sold at an average price of $17.00, for a total transaction of $42,500.00. The disclosure for this sale can be found here. Insiders sold 10,000 shares of company stock valued at $172,500 in the last ninety days. Corporate insiders own 1.20% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc lifted its holdings in BMC Stock by 2.7% in the third quarter. Legal & General Group Plc now owns 24,625 shares of the company’s stock worth $460,000 after purchasing an additional 657 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in BMC Stock by 9.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 14,750 shares of the company’s stock valued at $228,000 after acquiring an additional 1,214 shares during the last quarter. First Mercantile Trust Co. lifted its holdings in BMC Stock by 14.2% in the 3rd quarter. First Mercantile Trust Co. now owns 24,489 shares of the company’s stock valued at $457,000 after acquiring an additional 3,038 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in BMC Stock in the 4th quarter valued at about $51,000. Finally, Citigroup Inc. lifted its holdings in BMC Stock by 90.1% in the 4th quarter. Citigroup Inc. now owns 9,277 shares of the company’s stock valued at $144,000 after acquiring an additional 4,397 shares during the last quarter.

BMC Stock Company Profile

BMC Stock Holdings, Inc operates as lumber and building materials distributor and solutions provider in the United States. Its primary products include structural components, such as floor trusses, roof trusses, wall panels, and engineered wood products; lumber and lumber sheet goods, including dimensional lumber, plywood, and oriented strand board products used in on-site house framing under the Ready-Frame brand; and millwork, doors, and windows comprising interior and exterior doors, windows, interior trim, custom millwork, moldings, stairs and stair parts, and cabinetry and other products.

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Analyst Recommendations for BMC Stock (NASDAQ:BMCH)

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