BidaskClub upgraded shares of BMC Stock (NASDAQ:BMCH) from a hold rating to a buy rating in a report published on Saturday morning, BidAskClub reports.

A number of other equities analysts have also recently issued reports on BMCH. DA Davidson cut BMC Stock from a buy rating to a neutral rating and dropped their target price for the stock from $26.00 to $19.00 in a report on Thursday, January 10th. Credit Suisse Group started coverage on BMC Stock in a report on Friday, January 11th. They issued a neutral rating and a $18.00 target price for the company. Zacks Investment Research raised BMC Stock from a hold rating to a buy rating and set a $18.00 target price for the company in a report on Monday, January 14th. Buckingham Research started coverage on BMC Stock in a report on Monday, February 25th. They issued a buy rating and a $22.00 target price for the company. Finally, ValuEngine raised BMC Stock from a sell rating to a hold rating in a report on Thursday, February 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $21.29.

BMC Stock stock opened at $20.15 on Friday. The company has a quick ratio of 1.82, a current ratio of 2.86 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 2.94 and a beta of 1.17. BMC Stock has a 12 month low of $14.66 and a 12 month high of $23.15.

BMC Stock (NASDAQ:BMCH) last posted its quarterly earnings results on Thursday, February 28th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.29 by $0.19. The firm had revenue of $859.50 million during the quarter, compared to analysts’ expectations of $850.72 million. BMC Stock had a return on equity of 15.78% and a net margin of 3.25%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.23 EPS. As a group, analysts expect that BMC Stock will post 1.37 earnings per share for the current fiscal year.

In other BMC Stock news, Director David W. Bullock purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were acquired at an average cost of $18.49 per share, for a total transaction of $92,450.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Carl R. Vertuca, Jr. sold 2,500 shares of the stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $17.50, for a total value of $43,750.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,000 shares of company stock valued at $188,750. 1.20% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Martingale Asset Management L P bought a new stake in BMC Stock during the 3rd quarter worth approximately $1,013,000. Renaissance Technologies LLC grew its position in BMC Stock by 361.2% during the 3rd quarter. Renaissance Technologies LLC now owns 90,400 shares of the company’s stock worth $1,686,000 after acquiring an additional 70,800 shares during the last quarter. Vanguard Group Inc. grew its position in BMC Stock by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,945,221 shares of the company’s stock worth $54,929,000 after acquiring an additional 42,598 shares during the last quarter. BlackRock Inc. grew its position in BMC Stock by 3.9% during the 3rd quarter. BlackRock Inc. now owns 4,603,701 shares of the company’s stock worth $85,858,000 after acquiring an additional 174,785 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in BMC Stock by 9.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 14,750 shares of the company’s stock worth $228,000 after acquiring an additional 1,214 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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