BMC Stock (NASDAQ:BMCH) Upgraded to “Strong-Buy” at Zacks Investment Research

BMC Stock (NASDAQ:BMCH) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Friday, Zacks.com reports. The firm presently has a $29.00 price target on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 15.81% from the stock’s current price.

According to Zacks, “BMC Stock Holdings Inc provides diversified building products and services to professional builders and contractors primarily in the residential housing market. The Company’s portfolio of products and services spans building materials includes millwork and structural component manufacturing capabilities, consultative showrooms and design centers, value-added installation management and eBusiness platform. BMC Stock Holdings, Inc., formerly known as Stock Building Supply Holdings, is headquartered in Raleigh, North Carolina. “

BMCH has been the subject of several other research reports. Buckingham Research raised their target price on shares of BMC Stock from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday. Evercore ISI raised shares of BMC Stock from an “in-line” rating to an “outperform” rating in a report on Friday. 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. BidaskClub raised shares of BMC Stock from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, SunTrust Banks set a $25.00 target price on shares of BMC Stock and gave the stock a “hold” rating in a report on Wednesday. Nine research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $23.08.

Shares of BMC Stock stock traded up $0.04 during trading on Friday, hitting $25.04. 534,434 shares of the company’s stock were exchanged, compared to its average volume of 453,129. The company has a quick ratio of 1.51, a current ratio of 2.37 and a debt-to-equity ratio of 0.50. The firm’s 50-day simple moving average is $21.50. BMC Stock has a 52-week low of $14.66 and a 52-week high of $25.29. The company has a market cap of $1.52 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 3.04 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, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.03. BMC Stock had a net margin of 3.31% and a return on equity of 14.60%. The firm had revenue of $946.38 million during the quarter, compared to analysts’ expectations of $934.39 million. During the same quarter last year, the company posted $0.64 earnings per share. The firm’s revenue was down 5.2% compared to the same quarter last year. Sell-side analysts forecast that BMC Stock will post 1.51 EPS for the current year.

In other news, Director Carl R. Vertuca, Jr. sold 20,000 shares of BMC Stock stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $23.50, for a total value of $470,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Lisa M. Hamblet sold 8,000 shares of BMC Stock 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. 1.20% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in BMCH. Investors Research Corp acquired a new stake in shares of BMC Stock in the first quarter valued at about $25,000. Royce & Associates LP acquired a new stake in shares of BMC Stock in the first quarter valued at about $42,000. Quantamental Technologies LLC grew its position in shares of BMC Stock by 81.2% in the first quarter. Quantamental Technologies LLC now owns 5,983 shares of the company’s stock valued at $106,000 after purchasing an additional 2,682 shares during the period. Janus Henderson Group PLC grew its position in shares of BMC Stock by 8.0% in the first quarter. Janus Henderson Group PLC now owns 12,178 shares of the company’s stock valued at $215,000 after purchasing an additional 906 shares during the period. Finally, Convergence Investment Partners LLC acquired a new stake in shares of BMC Stock in the second quarter valued at about $224,000. Institutional investors and hedge funds own 99.69% of the company’s stock.

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.

Further Reading: What is the return on assets (ROA) ratio?

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Analyst Recommendations for BMC Stock (NASDAQ:BMCH)

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