12,100 Shares in BMC Stock Holdings Inc (BMCH) Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. acquired a new stake in shares of BMC Stock Holdings Inc (NASDAQ:BMCH) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 12,100 shares of the company’s stock, valued at approximately $252,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of BMC Stock by 6.6% in the 2nd quarter. BlackRock Inc. now owns 4,428,916 shares of the company’s stock worth $92,342,000 after purchasing an additional 275,050 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of BMC Stock by 15.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,591,979 shares of the company’s stock worth $54,043,000 after purchasing an additional 348,245 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of BMC Stock by 8.4% in the 2nd quarter. Victory Capital Management Inc. now owns 1,673,248 shares of the company’s stock worth $34,887,000 after purchasing an additional 129,411 shares in the last quarter. Broadview Advisors LLC boosted its position in shares of BMC Stock by 0.4% in the 1st quarter. Broadview Advisors LLC now owns 599,486 shares of the company’s stock worth $11,720,000 after purchasing an additional 2,675 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in shares of BMC Stock by 9.8% in the 2nd quarter. Mutual of America Capital Management LLC now owns 473,794 shares of the company’s stock worth $9,879,000 after purchasing an additional 42,142 shares in the last quarter.

BMCH has been the topic of a number of analyst reports. BidaskClub raised BMC Stock from a “strong sell” rating to a “sell” rating in a research report on Thursday, May 31st. TheStreet raised BMC Stock from a “c+” rating to a “b-” rating in a research report on Thursday, June 14th. MKM Partners initiated coverage on BMC Stock in a research report on Wednesday, June 27th. They issued a “neutral” rating and a $23.00 price target on the stock. Evercore ISI initiated coverage on BMC Stock in a research report on Thursday, June 28th. They issued an “in-line” rating and a $22.00 price target on the stock. Finally, Robert W. Baird cut BMC Stock from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 3rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $24.67.

BMCH stock opened at $20.55 on Tuesday. The company has a market capitalization of $1.40 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 2.55 and a beta of 1.40. BMC Stock Holdings Inc has a 12-month low of $17.10 and a 12-month high of $25.70. The company has a current ratio of 2.17, a quick ratio of 1.26 and a debt-to-equity ratio of 0.44.

BMC Stock (NASDAQ:BMCH) last released its quarterly earnings data 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. The business had revenue of $998.50 million for the quarter, compared to analysts’ expectations of $986.73 million. BMC Stock had a return on equity of 13.32% and a net margin of 2.58%. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.34 EPS. analysts forecast that BMC Stock Holdings Inc will post 1.63 EPS for the current year.

In related news, Director Carl R. Vertuca, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $23.00, for a total value of $230,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.

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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