BMC Stock Holdings Inc (NASDAQ:BMCH) Receives $29.00 Consensus PT from Analysts

Shares of BMC Stock Holdings Inc (NASDAQ:BMCH) have received an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $29.00.

A number of equities analysts recently commented on BMCH shares. BidaskClub upgraded BMC Stock from a “strong sell” rating to a “sell” rating in a report on Saturday, March 21st. Benchmark assumed coverage on BMC Stock in a research note on Wednesday, February 5th. They issued a “hold” rating for the company. ValuEngine cut BMC Stock from a “hold” rating to a “sell” rating in a research note on Friday, January 3rd. SunTrust Banks upgraded BMC Stock from a “hold” rating to a “buy” rating and lifted their price objective for the company from $28.00 to $33.00 in a research note on Monday, March 2nd. Finally, DA Davidson upgraded BMC Stock from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 5th.

BMC Stock stock traded down $0.28 during midday trading on Monday, reaching $17.70. 409,561 shares of the stock traded hands, compared to its average volume of 533,624. The company has a 50-day simple moving average of $24.67 and a two-hundred day simple moving average of $27.34. BMC Stock has a 12-month low of $13.38 and a 12-month high of $31.67. The firm has a market cap of $1.20 billion, a PE ratio of 10.86 and a beta of 1.08. The company has a current ratio of 2.38, a quick ratio of 1.53 and a debt-to-equity ratio of 0.48.

BMC Stock (NASDAQ:BMCH) last announced its earnings results on Thursday, February 27th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. BMC Stock had a return on equity of 12.68% and a net margin of 3.03%. The company had revenue of $890.56 million during the quarter, compared to analysts’ expectations of $874.75 million. During the same period last year, the business posted $0.48 EPS. BMC Stock’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities research analysts anticipate that BMC Stock will post 1.92 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the stock. Nuveen Asset Management LLC lifted its stake in BMC Stock by 0.9% during the fourth quarter. Nuveen Asset Management LLC now owns 1,315,274 shares of the company’s stock worth $37,736,000 after purchasing an additional 11,902 shares during the last quarter. Norges Bank purchased a new stake in BMC Stock during the fourth quarter worth approximately $27,196,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in BMC Stock during the fourth quarter worth approximately $412,000. Geode Capital Management LLC lifted its stake in BMC Stock by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 951,450 shares of the company’s stock worth $27,297,000 after purchasing an additional 34,663 shares during the last quarter. Finally, Algert Global LLC lifted its stake in BMC Stock by 0.9% during the fourth quarter. Algert Global LLC now owns 114,351 shares of the company’s stock worth $3,281,000 after purchasing an additional 1,039 shares during the last quarter.

BMC Stock Company Profile

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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