BidaskClub Lowers BMC Stock (BMCH) to Buy

BidaskClub cut shares of BMC Stock (NASDAQ:BMCH) from a strong-buy rating to a buy rating in a research report sent to investors on Wednesday, BidAskClub reports.

Several other research firms have also weighed in on BMCH. Zacks Investment Research raised shares of BMC Stock from a hold rating to a strong-buy rating and set a $26.00 target price on the stock in a report on Monday, May 6th. Royal Bank of Canada set a $23.00 target price on shares of BMC Stock and gave the stock a hold rating in a report on Thursday, May 2nd. SunTrust Banks upped their target price on shares of BMC Stock to $23.00 and gave the stock a hold rating in a report on Thursday, May 2nd. ValuEngine raised shares of BMC Stock from a sell rating to a hold rating in a report on Wednesday, April 10th. Finally, DA Davidson set a $20.00 target price on shares of BMC Stock and gave the stock a hold rating in a report on Thursday, February 28th. Eleven research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $22.13.

BMCH opened at $21.44 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.51 and a current ratio of 2.37. BMC Stock has a twelve month low of $14.66 and a twelve month high of $23.15. The stock has a market capitalization of $1.45 billion, a PE ratio of 11.53, a PEG ratio of 2.87 and a beta of 1.22.

BMC Stock (NASDAQ:BMCH) last posted its earnings results on Wednesday, May 1st. The company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.11. BMC Stock had a net margin of 3.40% and a return on equity of 15.62%. The business had revenue of $825.40 million for the quarter, compared to analyst estimates of $798.04 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. Analysts expect that BMC Stock will post 1.52 earnings per share for the current year.

In related news, Director Carl R. Vertuca, Jr. sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $21.83, for a total transaction of $218,300.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David W. Bullock purchased 5,000 shares of BMC Stock stock in a transaction that occurred on Monday, March 11th. The shares were bought at an average price of $18.49 per share, for a total transaction of $92,450.00. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 17,000 shares of company stock worth $362,780 and have sold 17,500 shares worth $374,800. 1.20% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Legal & General Group Plc lifted its position in BMC Stock by 2.7% during the 3rd quarter. Legal & General Group Plc now owns 24,625 shares of the company’s stock worth $460,000 after buying an additional 657 shares in the last quarter. Janus Henderson Group PLC lifted its position in BMC Stock by 8.0% during the 1st quarter. Janus Henderson Group PLC now owns 12,178 shares of the company’s stock worth $215,000 after buying an additional 906 shares in the last quarter. Alps Advisors Inc. lifted its position in BMC Stock by 5.7% during the 1st quarter. Alps Advisors Inc. now owns 22,226 shares of the company’s stock worth $393,000 after buying an additional 1,207 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in BMC Stock by 9.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 14,750 shares of the company’s stock worth $228,000 after buying an additional 1,214 shares in the last quarter. Finally, Investors Research Corp acquired a new position in BMC Stock during the 1st quarter valued at about $25,000.

BMC Stock Company Profile

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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