BMC Stock (BMCH) Cut to “Strong Sell” at ValuEngine

ValuEngine downgraded shares of BMC Stock (NASDAQ:BMCH) from a sell rating to a strong sell rating in a research report report published on Wednesday.

Several other research analysts have also commented on the stock. BidaskClub raised shares of BMC Stock from a sell rating to a hold rating in a research note on Tuesday, August 21st. Zacks Investment Research lowered shares of BMC Stock from a buy rating to a hold rating in a research note on Monday, August 6th. Stephens set a $26.00 price objective on shares of BMC Stock and gave the company a buy rating in a research note on Thursday, August 2nd. Seaport Global Securities set a $26.00 price objective on shares of BMC Stock and gave the company a buy rating in a research note on Monday, July 30th. Finally, B. Riley raised their price objective on shares of BMC Stock from $23.00 to $25.00 and gave the company a neutral rating in a research note on Tuesday, July 31st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $23.38.

BMCH stock traded down $0.73 during mid-day trading on Wednesday, hitting $16.53. 538,625 shares of the company were exchanged, compared to its average volume of 593,078. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.38 and a quick ratio of 1.43. The firm has a market cap of $1.19 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 2.09 and a beta of 1.38. BMC Stock has a 12-month low of $15.91 and a 12-month high of $25.70.

BMC Stock (NASDAQ:BMCH) last announced its earnings results on Thursday, November 1st. The company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.09. The company had revenue of $990.00 million during the quarter, compared to analyst estimates of $957.79 million. BMC Stock had a net margin of 2.98% and a return on equity of 14.58%. BMC Stock’s revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. Sell-side analysts anticipate that BMC Stock will post 1.7 EPS for the current fiscal year.

In related news, Director Carl R. Vertuca, Jr. sold 10,000 shares of BMC Stock stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $23.00, for a total value of $230,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Alan Farmer sold 3,200 shares of BMC Stock stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $17.31, for a total transaction of $55,392.00. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. Public Employees Retirement Association of Colorado lifted its stake in BMC Stock by 101.1% in the third quarter. Public Employees Retirement Association of Colorado now owns 7,205 shares of the company’s stock worth $134,000 after acquiring an additional 3,623 shares during the last quarter. Macquarie Group Ltd. purchased a new position in BMC Stock in the second quarter worth approximately $161,000. First Interstate Bank lifted its stake in BMC Stock by 47.9% in the second quarter. First Interstate Bank now owns 8,625 shares of the company’s stock worth $180,000 after acquiring an additional 2,795 shares during the last quarter. Buckingham Asset Management LLC purchased a new position in BMC Stock in the third quarter worth approximately $187,000. Finally, Janus Henderson Group PLC purchased a new position in BMC Stock in the third quarter worth approximately $206,000.

About BMC Stock

BMC Stock Holdings, Inc operates as lumber and building materials distributor and solutions provider in the United States. Its primary products include structural components, such as floor trusses, 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 trim, custom millwork, moldings, stairs and stair parts, and cabinetry and other products.

Read More: Short Selling

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Analyst Recommendations for BMC Stock (NASDAQ:BMCH)

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