BMC Stock Holdings Inc (NASDAQ:BMCH) major shareholder Gores Group, Llc sold 2,600,000 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $21.06, for a total value of $54,756,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
BMC Stock Holdings Inc (NASDAQ:BMCH) traded up 0.67% during mid-day trading on Monday, reaching $22.70. The company’s stock had a trading volume of 887,059 shares. BMC Stock Holdings Inc has a 12 month low of $14.08 and a 12 month high of $22.80. The stock’s 50-day moving average is $20.38 and its 200-day moving average is $18.93. The firm has a market capitalization of $1.51 billion, a PE ratio of 49.35 and a beta of 1.48.
BMC Stock Holdings (NASDAQ:BMCH) last announced its earnings results on Wednesday, March 1st. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.21. BMC Stock Holdings had a return on equity of 8.61% and a net margin of 0.46%. The business had revenue of $747.57 million for the quarter, compared to analyst estimates of $760.82 million. During the same period in the previous year, the company earned $0.17 earnings per share. The company’s revenue for the quarter was up 46.5% compared to the same quarter last year. On average, equities analysts anticipate that BMC Stock Holdings Inc will post $1.33 EPS for the current year.
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Hedge funds have recently made changes to their positions in the company. State Board of Administration of Florida Retirement System acquired a new stake in shares of BMC Stock Holdings during the fourth quarter worth about $244,000. Worth Venture Partners LLC acquired a new stake in shares of BMC Stock Holdings during the fourth quarter worth about $246,000. Trexquant Investment LP acquired a new stake in shares of BMC Stock Holdings during the fourth quarter worth about $322,000. Vident Investment Advisory LLC acquired a new stake in shares of BMC Stock Holdings during the fourth quarter worth about $362,000. Finally, A.R.T. Advisors LLC acquired a new stake in shares of BMC Stock Holdings during the fourth quarter worth about $567,000. 84.98% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have commented on BMCH. Zacks Investment Research raised BMC Stock Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, January 10th. Barclays PLC began coverage on BMC Stock Holdings in a research note on Thursday, January 5th. They set an “overweight” rating and a $22.00 price objective for the company. Seaport Global Securities began coverage on BMC Stock Holdings in a research note on Thursday. They set a “buy” rating and a $26.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $25.00 price objective (up from $22.00) on shares of BMC Stock Holdings in a research note on Thursday, March 2nd. Finally, FBR & Co reaffirmed an “outperform” rating and set a $26.00 price objective (up from $21.00) on shares of BMC Stock Holdings in a research note on Wednesday, March 8th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $23.53.
About BMC Stock Holdings
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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