BMC Stock (BMCH) Downgraded to Strong Sell at BidaskClub

BidaskClub cut shares of BMC Stock (NASDAQ:BMCH) from a sell rating to a strong sell rating in a research note released on Saturday morning.

BMCH has been the subject of a number of other reports. ValuEngine downgraded BMC Stock from a sell rating to a strong sell rating in a research note on Wednesday, November 7th. Barclays set a $22.00 price objective on BMC Stock and gave the company a buy rating in a research note on Friday, November 2nd. TheStreet downgraded BMC Stock from a b rating to a c+ rating in a research note on Thursday, September 27th. Wedbush set a $25.00 price objective on BMC Stock and gave the company a buy rating in a research note on Tuesday, October 2nd. Finally, Stephens downgraded BMC Stock from an overweight rating to an equal rating and set a $19.00 price objective on the stock. in a research note on Thursday, October 18th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $23.08.

BMCH opened at $15.26 on Friday. BMC Stock has a fifty-two week low of $15.21 and a fifty-two week high of $25.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.38 and a quick ratio of 1.43. The stock has a market cap of $1.03 billion, a PE ratio of 8.92, a PEG ratio of 1.80 and a beta of 1.32.

BMC Stock (NASDAQ:BMCH) last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.09. BMC Stock had a return on equity of 14.58% and a net margin of 2.98%. The company had revenue of $990.00 million during the quarter, compared to the consensus estimate of $957.79 million. During the same period last year, the business earned $0.34 EPS. The business’s quarterly revenue was up 12.4% on a year-over-year basis. On average, research analysts forecast that BMC Stock will post 1.7 EPS for the current fiscal year.

In other BMC Stock news, insider David E. Flitman bought 11,000 shares of the stock in a transaction on Tuesday, November 6th. The shares were purchased at an average price of $17.99 per share, with a total value of $197,890.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael Alan Farmer sold 3,200 shares of the firm’s stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $17.31, for a total value of $55,392.00. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement Association of Colorado grew its holdings in BMC Stock by 101.1% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 7,205 shares of the company’s stock valued at $134,000 after buying an additional 3,623 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in BMC Stock in the 2nd quarter valued at approximately $161,000. Buckingham Asset Management LLC acquired a new stake in BMC Stock in the 3rd quarter valued at approximately $187,000. Janus Henderson Group PLC acquired a new stake in BMC Stock in the 3rd quarter valued at approximately $206,000. Finally, Chicago Equity Partners LLC acquired a new stake in BMC Stock in the 3rd quarter valued at approximately $228,000.

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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