BMC Stock Holdings’ (BMCH) “Buy” Rating Reiterated at Royal Bank of Canada

BMC Stock Holdings Inc (NASDAQ:BMCH)‘s stock had its “buy” rating reiterated by analysts at Royal Bank of Canada in a research report issued on Wednesday. They currently have a $24.00 target price on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 19.70% from the stock’s previous close.

BMCH has been the topic of a number of other reports. Zacks Investment Research upgraded shares of BMC Stock Holdings from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, March 7th. FBR & Co restated an “outperform” rating and set a $26.00 price target (up from $21.00) on shares of BMC Stock Holdings in a research report on Wednesday, March 8th. Seaport Global Securities assumed coverage on shares of BMC Stock Holdings in a research report on Thursday, March 16th. They set a “buy” rating and a $26.00 price target on the stock. Finally, Barclays PLC set a $24.00 price target on shares of BMC Stock Holdings and gave the stock a “buy” rating in a research report on Monday, May 8th. Six analysts have rated the stock with a buy rating, BMC Stock Holdings currently has a consensus rating of “Buy” and a consensus target price of $24.33.

Analyst Recommendations for BMC Stock Holdings (NASDAQ:BMCH)

Shares of BMC Stock Holdings (NASDAQ BMCH) remained flat at $20.05 on Wednesday. The stock had a trading volume of 418,673 shares. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 32.65 and a beta of 1.48. BMC Stock Holdings has a 12 month low of $15.45 and a 12 month high of $23.90. The firm has a 50 day moving average price of $21.52 and a 200 day moving average price of $20.61.

BMC Stock Holdings (NASDAQ:BMCH) last issued its quarterly earnings data on Monday, May 8th. The company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The firm had revenue of $757.70 million during the quarter, compared to the consensus estimate of $738.23 million. BMC Stock Holdings had a net margin of 0.49% and a return on equity of 2.19%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 earnings per share. On average, equities analysts anticipate that BMC Stock Holdings will post $1.26 EPS for the current year.

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In other news, Director Jeffrey Gene Rea sold 33,000 shares of BMC Stock Holdings stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $21.46, for a total value of $708,180.00. Following the transaction, the director now owns 273,860 shares of the company’s stock, valued at approximately $5,877,035.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter Alexander sold 22,509 shares of BMC Stock Holdings stock in a transaction that occurred on Thursday, March 23rd. The stock was sold at an average price of $23.01, for a total transaction of $517,932.09. Following the completion of the transaction, the insider now directly owns 100,691 shares in the company, valued at approximately $2,316,899.91. The disclosure for this sale can be found here. Insiders have sold a total of 3,090,000 shares of company stock worth $65,887,259 over the last 90 days. 5.15% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the company. Point72 Asset Management L.P. acquired a new position in shares of BMC Stock Holdings during the first quarter valued at about $1,408,000. Credit Suisse AG boosted its position in shares of BMC Stock Holdings by 10.5% in the first quarter. Credit Suisse AG now owns 48,549 shares of the company’s stock valued at $1,098,000 after buying an additional 4,619 shares in the last quarter. Tudor Investment Corp ET AL boosted its position in shares of BMC Stock Holdings by 113.4% in the first quarter. Tudor Investment Corp ET AL now owns 73,109 shares of the company’s stock valued at $1,652,000 after buying an additional 38,843 shares in the last quarter. Highbridge Capital Management LLC boosted its position in shares of BMC Stock Holdings by 191.0% in the first quarter. Highbridge Capital Management LLC now owns 87,635 shares of the company’s stock valued at $1,981,000 after buying an additional 57,518 shares in the last quarter. Finally, State Street Corp boosted its position in shares of BMC Stock Holdings by 5.0% in the first quarter. State Street Corp now owns 973,680 shares of the company’s stock valued at $22,009,000 after buying an additional 46,690 shares in the last quarter. 84.98% of the stock is currently owned by institutional investors.

BMC Stock Holdings Company Profile

BMC Stock Holdings, Inc is a provider of building products and services in the United States residential construction market. The Company’s segments include Mid-Atlantic, Southeast, Texas, Intermountain, Western and Mountain West divisions. Its product offerings include lumber and lumber sheet goods and an array of products, including millwork, doors, windows, structural components, floor and roof trusses and wall panels.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:BMCH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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