BMC Stock (BMCH) Lowered to “Sell” at BidaskClub

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BMC Stock (NASDAQ:BMCH) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

A number of other research firms have also weighed in on BMCH. Royal Bank of Canada set a $20.00 price target on shares of BMC Stock and gave the company a “hold” rating in a report on Friday, March 1st. Wedbush reaffirmed an “outperform” rating and set a $23.00 price target on shares of BMC Stock in a report on Tuesday, March 12th. ValuEngine raised shares of BMC Stock from a “sell” rating to a “hold” rating in a report on Thursday, February 28th. Credit Suisse Group initiated coverage on shares of BMC Stock in a report on Friday, January 11th. They set a “neutral” rating and a $18.00 price target for the company. Finally, DA Davidson lowered shares of BMC Stock from a “buy” rating to a “neutral” rating and lowered their price target for the company from $26.00 to $19.00 in a report on Thursday, January 10th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $21.29.

BMCH opened at $17.70 on Friday. The firm has a market cap of $1.17 billion, a P/E ratio of 9.52, a PEG ratio of 2.62 and a beta of 1.18. BMC Stock has a twelve month low of $14.66 and a twelve month high of $23.15. The company has a quick ratio of 1.82, a current ratio of 2.86 and a debt-to-equity ratio of 0.40.

BMC Stock (NASDAQ:BMCH) last released its quarterly earnings results on Thursday, February 28th. The company reported $0.48 earnings per share for the quarter, beating the Zacks’ 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 business’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the business earned $0.23 EPS. Equities analysts forecast that BMC Stock will post 1.35 earnings per share for the current year.

In other BMC Stock news, Director Carl R. Vertuca, Jr. sold 2,500 shares of the firm’s stock in a transaction on Wednesday, January 9th. The shares were sold at an average price of $17.00, for a total transaction of $42,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David W. Bullock acquired 5,000 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were bought at an average cost of $18.49 per share, with a total value of $92,450.00. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 10,000 shares of company stock valued at $172,500. 1.20% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of BMC Stock by 4.3% in the 4th quarter. BlackRock Inc. now owns 4,799,632 shares of the company’s stock valued at $74,299,000 after buying an additional 195,931 shares during the period. Frontier Capital Management Co. LLC boosted its holdings in shares of BMC Stock by 3.6% in the 4th quarter. Frontier Capital Management Co. LLC now owns 3,529,044 shares of the company’s stock valued at $54,630,000 after buying an additional 121,035 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of BMC Stock by 14.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,317,772 shares of the company’s stock valued at $51,360,000 after buying an additional 429,782 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of BMC Stock by 60.3% in the 3rd quarter. Alliancebernstein L.P. now owns 3,260,855 shares of the company’s stock valued at $60,815,000 after buying an additional 1,227,161 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of BMC Stock by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,945,221 shares of the company’s stock valued at $54,929,000 after buying an additional 42,598 shares during the period.

About BMC Stock

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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