BMC Stock Holdings Inc (NASDAQ:BMCH) Receives $23.08 Consensus Target Price from Analysts

BMC Stock Holdings Inc (NASDAQ:BMCH) has earned a consensus recommendation of “Hold” from the sixteen analysts that are currently covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $23.08.

Several brokerages have weighed in on BMCH. Buckingham Research upped their price target on BMC Stock from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Zacks Investment Research upgraded BMC Stock from a “hold” rating to a “strong-buy” rating and set a $29.00 price target on the stock in a report on Friday, August 9th. B. Riley upgraded BMC Stock from a “neutral” rating to a “buy” rating and upped their price target for the stock from $25.00 to $28.00 in a report on Wednesday, August 7th. Evercore ISI upgraded BMC Stock from an “in-line” rating to an “outperform” rating in a report on Friday, August 9th. Finally, SunTrust Banks set a $25.00 price target on BMC Stock and gave the stock a “hold” rating in a report on Wednesday, August 7th.

In related news, insider Lisa M. Hamblet sold 40,096 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $25.01, for a total value of $1,002,800.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lisa M. Hamblet sold 8,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $23.00, for a total value of $184,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,096 shares of company stock worth $1,656,801. Company insiders own 1.20% of the company’s stock.



Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Investors Research Corp acquired a new stake in BMC Stock during the 1st quarter worth approximately $25,000. Royce & Associates LP acquired a new stake in BMC Stock during the 1st quarter worth approximately $42,000. Quantamental Technologies LLC lifted its position in BMC Stock by 81.2% during the 1st quarter. Quantamental Technologies LLC now owns 5,983 shares of the company’s stock worth $106,000 after acquiring an additional 2,682 shares during the period. Janus Henderson Group PLC lifted its position in BMC Stock by 8.0% during the 1st quarter. Janus Henderson Group PLC now owns 12,178 shares of the company’s stock worth $215,000 after acquiring an additional 906 shares during the period. Finally, Convergence Investment Partners LLC acquired a new stake in BMC Stock during the 2nd quarter worth approximately $224,000. 99.30% of the stock is owned by hedge funds and other institutional investors.

Shares of BMCH stock traded up $0.36 on Friday, hitting $25.16. The stock had a trading volume of 288,800 shares, compared to its average volume of 623,871. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.35 and a quick ratio of 1.51. The firm has a market capitalization of $1.65 billion, a P/E ratio of 13.53 and a beta of 1.05. BMC Stock has a 1 year low of $14.66 and a 1 year high of $25.40. The company’s 50 day moving average price is $22.22 and its 200-day moving average price is $20.20.

BMC Stock (NASDAQ:BMCH) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.03. The firm had revenue of $946.38 million for the quarter, compared to the consensus estimate of $934.39 million. BMC Stock had a return on equity of 14.38% and a net margin of 3.31%. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.64 EPS. On average, equities analysts forecast that BMC Stock will post 1.65 EPS for the current year.

About BMC Stock

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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