Paradigm Capital Management Inc. NY 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 234,700 shares of the company’s stock, valued at approximately $4,893,000. Paradigm Capital Management Inc. NY owned 0.35% of BMC Stock as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in shares of BMC Stock during the 1st quarter valued at $145,000. Silvant Capital Management LLC purchased a new stake in shares of BMC Stock during the 1st quarter valued at $157,000. First Interstate Bank lifted its holdings in shares of BMC Stock by 47.9% during the 2nd quarter. First Interstate Bank now owns 8,625 shares of the company’s stock valued at $180,000 after purchasing an additional 2,795 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of BMC Stock during the 1st quarter valued at $216,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in shares of BMC Stock during the 1st quarter valued at $230,000. Institutional investors own 99.69% of the company’s stock.

NASDAQ BMCH opened at $22.45 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.26 and a current ratio of 2.17. BMC Stock Holdings Inc has a 1 year low of $17.10 and a 1 year high of $25.70. The firm has a market capitalization of $1.50 billion, a P/E ratio of 22.01 and a beta of 1.40.

BMC Stock (NASDAQ:BMCH) last released its earnings results on Monday, July 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.19. BMC Stock had a return on equity of 13.32% and a net margin of 2.58%. The firm had revenue of $998.50 million for the quarter, compared to the consensus estimate of $986.73 million. During the same period in the prior year, the firm earned $0.34 EPS. The firm’s revenue was up 15.2% on a year-over-year basis. analysts expect that BMC Stock Holdings Inc will post 1.64 earnings per share for the current fiscal year.

In related news, Director Carl R. Vertuca, Jr. sold 10,000 shares of the company’s stock in a transaction on Thursday, July 19th. The stock was sold at an average price of $22.00, for a total value of $220,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 20,676 shares of company stock worth $444,399. 1.20% of the stock is owned by insiders.

BMCH has been the subject of several analyst reports. Evercore ISI initiated coverage on BMC Stock in a report on Thursday, June 28th. They set an “in-line” rating and a $22.00 price objective for the company. Zacks Investment Research upgraded BMC Stock from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Monday, July 9th. BidaskClub upgraded BMC Stock from a “sell” rating to a “hold” rating in a report on Friday, July 20th. B. Riley increased their price objective on BMC Stock from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, July 31st. Finally, Stephens set a $26.00 price objective on BMC Stock and gave the company a “buy” rating in a report on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $24.25.

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.

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Institutional Ownership by Quarter for BMC Stock (NASDAQ:BMCH)

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