SG Americas Securities LLC bought a new position in shares of BMC Stock Holdings, Inc. (NASDAQ:BMCH) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 19,126 shares of the company’s stock, valued at approximately $418,000.
Other institutional investors have also recently made changes to their positions in the company. Ameritas Investment Partners Inc. acquired a new stake in shares of BMC Stock Holdings during the 1st quarter worth about $108,000. Acadian Asset Management LLC acquired a new stake in shares of BMC Stock Holdings during the 1st quarter worth about $140,000. UBS Asset Management Americas Inc. acquired a new stake in shares of BMC Stock Holdings during the 1st quarter worth about $209,000. TFS Capital LLC acquired a new stake in shares of BMC Stock Holdings during the 1st quarter worth about $210,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of BMC Stock Holdings during the 1st quarter worth about $254,000.
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In other BMC Stock Holdings news, insider Lisa M. Hamblet sold 12,812 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $20.82, for a total transaction of $266,745.84. Following the completion of the transaction, the insider now owns 74,133 shares of the company’s stock, valued at $1,543,449.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider James F. Jr. Major sold 20,000 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $20.24, for a total value of $404,800.00. Following the transaction, the insider now directly owns 176,482 shares of the company’s stock, valued at approximately $3,571,995.68. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.
Shares of BMC Stock Holdings, Inc. (NASDAQ BMCH) opened at 21.10 on Wednesday. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 34.65 and a beta of 1.49. The firm’s 50-day moving average is $20.53 and its 200-day moving average is $21.46. BMC Stock Holdings, Inc. has a one year low of $15.45 and a one year high of $23.90.
BMC Stock Holdings (NASDAQ:BMCH) last issued its earnings results on Thursday, August 3rd. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.03). The business had revenue of $886.38 million for the quarter, compared to analyst estimates of $871.51 million. BMC Stock Holdings had a return on equity of 9.20% and a net margin of 1.28%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 EPS. Analysts expect that BMC Stock Holdings, Inc. will post $1.08 EPS for the current fiscal year.
BMCH has been the subject of a number of recent analyst reports. Barclays PLC dropped their target price on shares of BMC Stock Holdings from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, August 4th. Robert W. Baird reissued a “buy” rating and set a $23.00 price objective on shares of BMC Stock Holdings in a report on Sunday. FBR & Co decreased their price objective on shares of BMC Stock Holdings from $26.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, August 22nd. Zacks Investment Research lowered shares of BMC Stock Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 10th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $24.00 price objective on shares of BMC Stock Holdings in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $23.50.
About BMC Stock Holdings
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.
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