A number of other analysts have also recently commented on the company. BidaskClub cut BMC Stock from a sell rating to a strong sell rating in a research report on Thursday, September 27th. ValuEngine cut BMC Stock from a hold rating to a sell rating in a research report on Wednesday, September 26th. DA Davidson began coverage on BMC Stock in a research report on Thursday, September 13th. They issued a buy rating and a $27.00 price target on the stock. Zacks Investment Research cut BMC Stock from a buy rating to a hold rating in a research report on Monday, August 6th. Finally, Stephens set a $26.00 price target on BMC Stock and gave the stock a buy rating in a research report on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. BMC Stock has an average rating of Hold and a consensus target price of $24.33.
BMC Stock stock opened at $17.27 on Thursday. The company has a current ratio of 2.17, a quick ratio of 1.26 and a debt-to-equity ratio of 0.44. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 2.28 and a beta of 1.48. BMC Stock has a fifty-two week low of $17.10 and a fifty-two week high of $25.70.
BMC Stock (NASDAQ:BMCH) last posted its quarterly earnings data on Monday, July 30th. The company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.19. BMC Stock had a return on equity of 13.32% and a net margin of 2.58%. The business had revenue of $998.50 million for the quarter, compared to analysts’ expectations of $986.73 million. During the same period in the previous year, the firm posted $0.34 EPS. The business’s revenue was up 15.2% on a year-over-year basis. As a group, analysts forecast that BMC Stock will post 1.63 earnings per share for the current year.
In other news, Director Carl R. Vertuca, Jr. sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $23.00, for a total value of $230,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Sei Investments Co. boosted its holdings in BMC Stock by 3.4% in the 2nd quarter. Sei Investments Co. now owns 77,865 shares of the company’s stock worth $1,624,000 after buying an additional 2,590 shares during the period. Rhumbline Advisers boosted its holdings in BMC Stock by 4.1% in the 2nd quarter. Rhumbline Advisers now owns 67,158 shares of the company’s stock worth $1,400,000 after buying an additional 2,652 shares during the period. First Interstate Bank boosted its holdings in BMC Stock by 47.9% in the 2nd quarter. First Interstate Bank now owns 8,625 shares of the company’s stock worth $180,000 after buying an additional 2,795 shares during the period. Koch Industries Inc. boosted its holdings in BMC Stock by 25.7% in the 1st quarter. Koch Industries Inc. now owns 21,149 shares of the company’s stock worth $413,000 after buying an additional 4,322 shares during the period. Finally, First Mercantile Trust Co. boosted its holdings in BMC Stock by 27.1% in the 2nd quarter. First Mercantile Trust Co. now owns 21,451 shares of the company’s stock worth $448,000 after buying an additional 4,570 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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