Stephens Downgrades BMC Stock (BMCH) to Equal

BMC Stock (NASDAQ:BMCH) was downgraded by Stephens from an “overweight” rating to an “equal” rating in a report issued on Thursday, MarketBeat.com reports. They presently have a $19.00 price target on the stock. Stephens’ price target indicates a potential upside of 15.15% from the company’s previous close.

Several other equities research analysts have also issued reports on BMCH. Zacks Investment Research upgraded shares of BMC Stock from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Monday, July 9th. Seaport Global Securities set a $26.00 price target on shares of BMC Stock and gave the stock a “buy” rating in a research note on Monday, July 30th. DA Davidson assumed coverage on shares of BMC Stock in a research note on Thursday, September 13th. They set a “buy” rating and a $27.00 price target for the company. Wedbush set a $25.00 price target on shares of BMC Stock and gave the stock a “buy” rating in a research note on Tuesday, October 2nd. Finally, TheStreet lowered shares of BMC Stock from a “b” rating to a “c+” rating in a research note on Thursday, September 27th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. BMC Stock presently has a consensus rating of “Hold” and an average target price of $23.75.

BMC Stock stock opened at $16.50 on Thursday. BMC Stock has a 52 week low of $16.24 and a 52 week 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. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 2.15 and a beta of 1.47.

BMC Stock (NASDAQ:BMCH) last posted its earnings results on Monday, July 30th. The company reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.19. BMC Stock had a net margin of 2.58% and a return on equity of 13.32%. The firm had revenue of $998.50 million for the quarter, compared to analysts’ expectations of $986.73 million. During the same quarter last year, the firm earned $0.34 EPS. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. As a group, sell-side analysts expect that BMC Stock will post 1.58 earnings per share for the current fiscal year.

In other news, Director Carl R. Vertuca, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $23.00, for a total transaction of $230,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.20% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. purchased a new position in BMC Stock in the 2nd quarter valued at approximately $161,000. First Interstate Bank grew its stake in BMC Stock by 47.9% in the 2nd quarter. First Interstate Bank now owns 8,625 shares of the company’s stock valued at $180,000 after buying an additional 2,795 shares in the last quarter. Paloma Partners Management Co purchased a new position in BMC Stock in the 2nd quarter valued at approximately $232,000. Raymond James & Associates purchased a new position in BMC Stock in the 2nd quarter valued at approximately $236,000. Finally, Xact Kapitalforvaltning AB purchased a new position in BMC Stock in the 1st quarter valued at approximately $230,000.

BMC Stock Company Profile

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 BMC Stock (NASDAQ:BMCH)

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