BMC Stock Holdings Inc (BMCH) Receives $23.23 Average Target Price from Brokerages

BMC Stock Holdings Inc (BMCH) Receives $23.23 Average Target Price from Brokerages

BMC Stock Holdings Inc (NASDAQ:BMCH) has received an average recommendation of “Buy” from the nine brokerages that are presently covering the firm. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $23.53.

BMCH has been the topic of several recent analyst reports. Seaport Global Securities initiated coverage on BMC Stock Holdings in a research report on Thursday. They set a “buy” rating and a $26.00 price target on the stock. Zacks Investment Research raised 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 reissued 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. Royal Bank of Canada reissued an “outperform” rating and set a $25.00 price target (up from $22.00) on shares of BMC Stock Holdings in a research report on Thursday, March 2nd. Finally, Barclays PLC initiated coverage on BMC Stock Holdings in a research report on Thursday, January 5th. They set an “overweight” rating and a $22.00 price target on the stock.

In related news, Director Jeffrey Gene Rea sold 60,000 shares of the company’s stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $21.57, for a total transaction of $1,294,200.00. Following the transaction, the director now directly owns 665,360 shares of the company’s stock, valued at $14,351,815.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carl R. Vertuca, Jr. sold 10,000 shares of the company’s stock in a transaction on Friday, March 10th. The shares were sold at an average price of $22.00, for a total value of $220,000.00. Following the transaction, the director now directly owns 104,549 shares in the company, valued at $2,300,078. The disclosure for this sale can be found here. Insiders have sold 113,744 shares of company stock worth $2,453,584 over the last three months. 5.15% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. State Board of Administration of Florida Retirement System purchased a new position in shares of BMC Stock Holdings during the fourth quarter valued at $244,000. Worth Venture Partners LLC purchased a new position in shares of BMC Stock Holdings during the fourth quarter valued at $246,000. Trexquant Investment LP purchased a new position in shares of BMC Stock Holdings during the fourth quarter valued at $322,000. Vident Investment Advisory LLC purchased a new position in shares of BMC Stock Holdings during the fourth quarter valued at $362,000. Finally, A.R.T. Advisors LLC purchased a new position in shares of BMC Stock Holdings during the fourth quarter valued at $567,000. 84.98% of the stock is currently owned by institutional investors.

BMC Stock Holdings (NASDAQ:BMCH) opened at 22.55 on Tuesday. BMC Stock Holdings has a 52-week low of $14.67 and a 52-week high of $22.60. The company’s 50-day moving average price is $20.38 and its 200 day moving average price is $18.93. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 49.02 and a beta of 1.48.

BMC Stock Holdings (NASDAQ:BMCH) last posted its quarterly earnings results on Wednesday, March 1st. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. The firm had revenue of $747.57 million for the quarter, compared to analyst estimates of $760.82 million. BMC Stock Holdings had a return on equity of 8.61% and a net margin of 0.46%. BMC Stock Holdings’s quarterly revenue was up 46.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 earnings per share. Equities research analysts predict that BMC Stock Holdings will post $1.32 earnings per share for the current year.

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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