BMC Stock Holdings Inc. (BMCH) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research downgraded shares of BMC Stock Holdings Inc. (NASDAQ:BMCH) from a strong-buy rating to a hold rating in a research note released on Tuesday morning.

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. “

A number of other equities analysts also recently weighed in on BMCH. Credit Suisse Group AG started coverage on BMC Stock Holdings in a report on Monday, June 20th. They issued an outperform rating and a $22.00 price objective on the stock. FBR & Co restated an outperform rating and issued a $23.00 price objective (up previously from $22.00) on shares of BMC Stock Holdings in a report on Tuesday, August 16th. Finally, RBC Capital Markets restated a buy rating and issued a $24.00 price objective on shares of BMC Stock Holdings in a report on Friday, August 19th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. BMC Stock Holdings presently has a consensus rating of Buy and an average price target of $21.76.

Shares of BMC Stock Holdings (NASDAQ:BMCH) opened at 16.90 on Tuesday. BMC Stock Holdings has a 52 week low of $12.14 and a 52 week high of $21.50. The company has a 50 day moving average of $18.42 and a 200-day moving average of $18.68. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 119.86 and a beta of 1.39.

BMC Stock Holdings (NASDAQ:BMCH) last issued its earnings results on Monday, August 8th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.08. The company had revenue of $797.50 million for the quarter, compared to the consensus estimate of $782.54 million. BMC Stock Holdings had a return on equity of 8.31% and a net margin of 0.41%. The firm’s quarterly revenue was up 123.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS. On average, equities research analysts expect that BMC Stock Holdings will post $0.96 earnings per share for the current fiscal year.

In other BMC Stock Holdings news, major shareholder Gores Group, Llc sold 1,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $19.80, for a total transaction of $19,800,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.15% of the company’s stock.

BMC Stock Holdings Company Profile

BMC Stock Holdings, Inc, formerly Stock Building Supply Holdings, Inc, is a diversified lumber and building materials (LBM) distributor and solutions provider that sells to construction and repair and remodeling contractors. The Company’s operating segments include Mid-Atlantic, Southeast, Texas, Intermountain, West and Mountain West divisions.

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