BMC Stock Holdings Inc (NASDAQ:BMCH) Receives $23.08 Average PT from Brokerages

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Shares of BMC Stock Holdings Inc (NASDAQ:BMCH) have been assigned a consensus rating of “Hold” from the sixteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $23.08.

A number of research analysts have recently commented on BMCH shares. SunTrust Banks set a $25.00 price target on shares of BMC Stock and gave the company a “hold” rating in a research report on Wednesday, August 7th. B. Riley upgraded shares of BMC Stock from a “neutral” rating to a “buy” rating and upped their target price for the stock from $25.00 to $28.00 in a research report on Wednesday, August 7th. Evercore ISI upgraded shares of BMC Stock from an “in-line” rating to an “outperform” rating in a research report on Friday, August 9th. Wedbush lowered shares of BMC Stock from an “outperform” rating to a “neutral” rating and set a $25.00 price target for the company. in a research report on Thursday, August 8th. Finally, Royal Bank of Canada set a $23.00 price target on shares of BMC Stock and gave the company a “hold” rating in a research report on Thursday, May 2nd.

Shares of BMCH stock opened at $25.14 on Friday. The firm’s fifty day simple moving average is $21.96. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.37 and a quick ratio of 1.51. BMC Stock has a 1 year low of $14.66 and a 1 year high of $25.40. The company has a market cap of $1.67 billion, a PE ratio of 13.52 and a beta of 1.05.

BMC Stock (NASDAQ:BMCH) last issued its earnings results on Tuesday, August 6th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The business had revenue of $946.38 million for the quarter, compared to analysts’ expectations of $934.39 million. BMC Stock had a net margin of 3.31% and a return on equity of 14.60%. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.64 EPS. As a group, analysts forecast that BMC Stock will post 1.62 EPS for the current fiscal year.

In other BMC Stock news, Director Carl R. Vertuca, Jr. sold 20,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $23.50, for a total transaction of $470,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lisa M. Hamblet sold 8,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $23.00, for a total transaction of $184,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 68,096 shares of company stock valued at $1,656,801. Company insiders own 1.20% of the company’s stock.

Several large investors have recently modified their holdings of BMCH. Prudential Financial Inc. raised its stake in shares of BMC Stock by 78.8% during the second quarter. Prudential Financial Inc. now owns 1,969,285 shares of the company’s stock valued at $41,748,000 after acquiring an additional 867,790 shares during the last quarter. Norges Bank bought a new position in shares of BMC Stock during the fourth quarter valued at about $12,172,000. Renaissance Technologies LLC raised its stake in shares of BMC Stock by 315.7% during the second quarter. Renaissance Technologies LLC now owns 573,700 shares of the company’s stock valued at $12,162,000 after acquiring an additional 435,700 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of BMC Stock by 405.0% during the second quarter. JPMorgan Chase & Co. now owns 513,065 shares of the company’s stock valued at $10,816,000 after acquiring an additional 411,462 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of BMC Stock by 7.3% during the second quarter. BlackRock Inc. now owns 5,415,068 shares of the company’s stock valued at $114,799,000 after acquiring an additional 368,188 shares during the last quarter. 99.30% of the stock is owned by hedge funds and other institutional investors.

About BMC Stock

BMC Stock Holdings, Inc distributes lumber and building materials to new construction, and repair and remodeling contractors in the United States. Its products comprise structural components, such as floor and 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 trims, custom millworks, 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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