Building Materials (NASDAQ:BMCH) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Thursday.

BMCH has been the topic of a number of other reports. BidaskClub raised Building Materials from a “sell” rating to a “hold” rating in a report on Wednesday, March 28th. Zacks Investment Research raised Building Materials from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Thursday, February 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $23.00 price target (up from $22.00) on shares of Building Materials in a report on Wednesday, February 28th. B. Riley downgraded Building Materials from a “buy” rating to a “neutral” rating and increased their target price for the company from $25.00 to $26.00 in a report on Wednesday, January 3rd. Finally, American Capital Partners reissued a “neutral” rating and issued a $26.00 target price (up previously from $25.00) on shares of Building Materials in a report on Friday, January 5th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $23.38.

Shares of NASDAQ:BMCH opened at $17.70 on Thursday. The firm has a market cap of $1,189.36, a PE ratio of 17.35 and a beta of 1.34. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.35 and a current ratio of 2.33. Building Materials has a 1 year low of $17.17 and a 1 year high of $25.70.

Building Materials (NASDAQ:BMCH) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.03). The business had revenue of $840.88 million for the quarter, compared to the consensus estimate of $821.77 million. Building Materials had a net margin of 1.71% and a return on equity of 9.50%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 earnings per share. research analysts predict that Building Materials will post 1.44 earnings per share for the current fiscal year.

In other Building Materials news, Director Carl R. Vertuca, Jr. sold 7,000 shares of the stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $19.70, for a total value of $137,900.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David W. Bullock purchased 5,000 shares of Building Materials stock in a transaction on Thursday, March 1st. The stock was bought at an average price of $19.13 per share, with a total value of $95,650.00. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. California Public Employees Retirement System increased its position in Building Materials by 1.2% in the fourth quarter. California Public Employees Retirement System now owns 244,000 shares of the company’s stock worth $6,173,000 after buying an additional 2,900 shares in the last quarter. Swiss National Bank increased its position in Building Materials by 4.4% in the fourth quarter. Swiss National Bank now owns 102,619 shares of the company’s stock worth $2,596,000 after buying an additional 4,300 shares in the last quarter. First Trust Advisors LP increased its position in Building Materials by 14.8% in the fourth quarter. First Trust Advisors LP now owns 58,783 shares of the company’s stock worth $1,487,000 after buying an additional 7,557 shares in the last quarter. Pinnacle Associates Ltd. purchased a new stake in Building Materials in the fourth quarter worth about $202,000. Finally, Paloma Partners Management Co purchased a new stake in Building Materials in the fourth quarter worth about $208,000.

About Building Materials

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.

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Analyst Recommendations for Building Materials (NASDAQ:BMCH)

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