BMC Stock (NASDAQ:BMCH) had its price objective increased by B. Riley from $28.00 to $33.00 in a research report report published on Wednesday morning, Stock Target Advisor reports. The firm currently has a buy rating on the stock. B. Riley also issued estimates for BMC Stock’s Q4 2019 earnings at $0.33 EPS and FY2020 earnings at $1.91 EPS.

A number of other equities analysts have also weighed in on BMCH. SunTrust Banks set a $25.00 target price on BMC Stock and gave the stock a hold rating in a research note on Wednesday, August 7th. Royal Bank of Canada upgraded BMC Stock from a sector perform rating to an outperform rating and upped their price objective for the stock from $25.00 to $29.00 in a report on Tuesday, October 15th. Zacks Investment Research upgraded BMC Stock from a hold rating to a strong-buy rating and set a $29.00 price objective for the company in a report on Friday, August 9th. Buckingham Research upped their price objective on BMC Stock from $26.00 to $28.00 and gave the stock a buy rating in a report on Wednesday, August 7th. Finally, Wedbush upped their price objective on BMC Stock from $25.00 to $30.00 and gave the stock a neutral rating in a report on Monday, October 21st. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $26.50.

Shares of NASDAQ BMCH opened at $28.10 on Wednesday. The firm has a market capitalization of $1.84 billion, a P/E ratio of 15.11 and a beta of 0.91. The company has a quick ratio of 1.53, a current ratio of 2.32 and a debt-to-equity ratio of 0.48. The stock’s 50-day simple moving average is $26.70 and its two-hundred day simple moving average is $23.47. BMC Stock has a twelve month low of $14.66 and a twelve month high of $28.97.

BMC Stock (NASDAQ:BMCH) last announced its earnings results on Tuesday, November 5th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $964.25 million for the quarter, compared to analyst estimates of $947.70 million. BMC Stock had a return on equity of 13.87% and a net margin of 3.28%. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 EPS. As a group, research analysts anticipate that BMC Stock will post 1.7 EPS for the current fiscal year.

In other news, insider James F. Jr. Major sold 25,037 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $25.94, for a total value of $649,459.78. Also, insider Lisa M. Hamblet sold 1,000 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $25.55, for a total value of $25,550.00. Insiders sold a total of 97,600 shares of company stock valued at $2,674,083 over the last quarter. Company insiders own 1.20% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Quantamental Technologies LLC boosted its holdings in BMC Stock by 9.2% during the 2nd quarter. Quantamental Technologies LLC now owns 6,532 shares of the company’s stock valued at $138,000 after acquiring an additional 549 shares during the period. Janus Henderson Group PLC boosted its holdings in BMC Stock by 5.4% during the 2nd quarter. Janus Henderson Group PLC now owns 12,836 shares of the company’s stock valued at $272,000 after acquiring an additional 658 shares during the period. SG Americas Securities LLC boosted its holdings in BMC Stock by 6.5% during the 3rd quarter. SG Americas Securities LLC now owns 12,454 shares of the company’s stock valued at $326,000 after acquiring an additional 755 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in BMC Stock by 23.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,128 shares of the company’s stock valued at $108,000 after acquiring an additional 785 shares during the period. Finally, Capital Fund Management S.A. boosted its holdings in BMC Stock by 12.9% during the 2nd quarter. Capital Fund Management S.A. now owns 14,900 shares of the company’s stock valued at $316,000 after acquiring an additional 1,700 shares during the period. Institutional investors own 99.04% of the company’s stock.

About BMC Stock

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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