BMC Stock (BMCH) Lifted to Buy at BidaskClub

BMC Stock (NASDAQ:BMCH) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Friday, January 11th.

A number of other research firms have also recently weighed in on BMCH. DA Davidson cut shares of BMC Stock from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $26.00 to $19.00 in a research note on Thursday, January 10th. ValuEngine lowered shares of BMC Stock from a “hold” rating to a “sell” rating in a report on Wednesday, December 12th. Barclays lowered shares of BMC Stock from an “overweight” rating to a “hold” rating and set a $18.00 target price on the stock. in a report on Wednesday, December 12th. Robert W. Baird dropped their target price on shares of BMC Stock from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, November 2nd. Finally, Stephens lowered shares of BMC Stock from an “overweight” rating to an “equal” rating and set a $19.00 target price on the stock. in a report on Thursday, October 18th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. BMC Stock presently has an average rating of “Hold” and a consensus price target of $21.38.

Shares of NASDAQ BMCH traded up $0.21 during mid-day trading on Friday, hitting $16.59. The company had a trading volume of 142,443 shares, compared to its average volume of 349,389. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 16.26, a price-to-earnings-growth ratio of 2.10 and a beta of 1.27. BMC Stock has a 12 month low of $14.66 and a 12 month high of $24.10. The company has a current ratio of 2.38, a quick ratio of 1.43 and a debt-to-equity ratio of 0.42.

BMC Stock (NASDAQ:BMCH) last issued its earnings results on Thursday, November 1st. The company reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.09. BMC Stock had a return on equity of 14.58% and a net margin of 2.98%. The business had revenue of $990.00 million for the quarter, compared to analysts’ expectations of $957.79 million. During the same period in the previous year, the firm posted $0.34 EPS. The company’s quarterly revenue was up 12.4% on a year-over-year basis. As a group, equities analysts forecast that BMC Stock will post 1.69 earnings per share for the current fiscal year.

In other BMC Stock news, Director Carl R. Vertuca, Jr. sold 2,500 shares of the company’s stock in a transaction on Friday, January 4th. The stock was sold at an average price of $16.50, for a total value of $41,250.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael Alan Farmer sold 3,200 shares of the company’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $17.31, for a total value of $55,392.00. The disclosure for this sale can be found here. Insiders have sold a total of 8,200 shares of company stock worth $139,142 in the last ninety days. Corporate insiders own 1.20% of the company’s stock.

A number of institutional investors have recently bought and sold shares of BMCH. Bowling Portfolio Management LLC bought a new stake in shares of BMC Stock in the 4th quarter valued at approximately $602,000. Legal & General Group Plc boosted its stake in shares of 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 acquiring an additional 657 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of BMC Stock by 1.5% during the 3rd quarter. Vanguard Group Inc now owns 2,945,221 shares of the company’s stock worth $54,929,000 after acquiring an additional 42,598 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of BMC Stock by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,945,221 shares of the company’s stock worth $54,929,000 after acquiring an additional 42,598 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of BMC Stock by 95.4% during the 3rd quarter. Morgan Stanley now owns 332,292 shares of the company’s stock worth $6,198,000 after acquiring an additional 162,202 shares in the last quarter.

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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