Buckingham Research Raises BMC Stock (NASDAQ:BMCH) Price Target to $28.00

BMC Stock (NASDAQ:BMCH) had its price objective lifted by Buckingham Research from $26.00 to $28.00 in a research report report published on Wednesday, BenzingaRatingsTable reports. Buckingham Research currently has a buy rating on the stock.

BMCH has been the subject of several other reports. SunTrust Banks raised their target price on BMC Stock to $23.00 and gave the stock a hold rating in a research report on Thursday, May 2nd. B. Riley raised BMC Stock from a neutral rating to a buy rating and raised their target price for the stock from $25.00 to $28.00 in a research report on Wednesday. ValuEngine raised BMC Stock from a sell rating to a hold rating in a research report on Wednesday, April 10th. Zacks Investment Research lowered BMC Stock from a buy rating to a hold rating in a research report on Friday, July 26th. Finally, Royal Bank of Canada set a $23.00 price target on BMC Stock and gave the stock a hold rating in a report on Thursday, May 2nd. Nine analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. BMC Stock has a consensus rating of Hold and a consensus price target of $23.08.

NASDAQ:BMCH traded up $0.04 during trading hours on Wednesday, hitting $25.04. 534,434 shares of the company were exchanged, compared to its average volume of 525,272. The company has a market cap of $1.67 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 3.32 and a beta of 1.05. The company has a quick ratio of 1.51, a current ratio of 2.37 and a debt-to-equity ratio of 0.50. BMC Stock has a one year low of $14.66 and a one year high of $25.29. The business’s fifty day moving average is $21.59.

BMC Stock (NASDAQ:BMCH) last announced 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. The business had revenue of $946.38 million during the quarter, compared to analyst estimates of $934.39 million. BMC Stock had a return on equity of 14.60% and a net margin of 3.31%. BMC Stock’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period last year, the company earned $0.64 EPS. On average, research analysts anticipate that BMC Stock will post 1.59 EPS for the current year.

In other BMC Stock news, insider Lisa M. Hamblet sold 8,000 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $23.00, for a total transaction of $184,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carl R. Vertuca, Jr. sold 20,000 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $23.50, for a total value of $470,000.00. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp raised its stake in shares of BMC Stock by 36.0% during the 4th quarter. Bank of New York Mellon Corp now owns 464,011 shares of the company’s stock worth $7,182,000 after purchasing an additional 122,923 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of BMC Stock by 11.3% during the 4th quarter. Geode Capital Management LLC now owns 781,945 shares of the company’s stock worth $12,104,000 after purchasing an additional 79,189 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of BMC Stock by 371.9% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 21,772 shares of the company’s stock worth $337,000 after purchasing an additional 17,158 shares in the last quarter. Legal & General Group Plc raised its stake in shares of BMC Stock by 6.1% during the 4th quarter. Legal & General Group Plc now owns 26,135 shares of the company’s stock worth $405,000 after purchasing an additional 1,510 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of BMC Stock by 32.1% during the 4th quarter. Millennium Management LLC now owns 319,482 shares of the company’s stock worth $4,946,000 after purchasing an additional 77,704 shares in the last quarter. Hedge funds and other institutional investors 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.

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Analyst Recommendations for BMC Stock (NASDAQ:BMCH)

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