First Mercantile Trust Co. reduced its position in shares of BMC Stock Holdings Inc (NASDAQ:BMCH) by 5.4% during the 1st quarter, Holdings Channel reports. The firm owned 22,376 shares of the company’s stock after selling 1,283 shares during the quarter. First Mercantile Trust Co.’s holdings in BMC Stock were worth $396,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Investors Research Corp acquired a new stake in shares of BMC Stock during the 1st quarter worth about $25,000. Quantamental Technologies LLC acquired a new stake in shares of BMC Stock in the fourth quarter worth approximately $51,000. Citigroup Inc. boosted its position in shares of BMC Stock by 90.1% in the fourth quarter. Citigroup Inc. now owns 9,277 shares of the company’s stock worth $144,000 after acquiring an additional 4,397 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of BMC Stock in the fourth quarter worth approximately $167,000. Finally, Janus Henderson Group PLC boosted its position in shares of BMC Stock by 8.0% in the first quarter. Janus Henderson Group PLC now owns 12,178 shares of the company’s stock worth $215,000 after acquiring an additional 906 shares during the last quarter.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of BMC Stock from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. BidaskClub cut shares of BMC Stock from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. Royal Bank of Canada set a $23.00 target price on shares of BMC Stock and gave the stock a “hold” rating in a research report on Thursday, May 2nd. Buckingham Research assumed coverage on shares of BMC Stock in a research report on Monday, February 25th. They issued a “buy” rating and a $22.00 target price on the stock. Finally, ValuEngine cut shares of BMC Stock from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. Eleven equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. BMC Stock currently has an average rating of “Hold” and an average price target of $22.13.
Shares of BMCH stock opened at $22.61 on Thursday. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 2.91 and a beta of 1.22. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.51 and a current ratio of 2.37. BMC Stock Holdings Inc has a fifty-two week low of $14.66 and a fifty-two week high of $23.15.
BMC Stock (NASDAQ:BMCH) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.11. The firm had revenue of $825.40 million for the quarter, compared to analysts’ expectations of $798.04 million. BMC Stock had a net margin of 3.40% and a return on equity of 15.62%. BMC Stock’s revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 earnings per share. As a group, equities research analysts anticipate that BMC Stock Holdings Inc will post 1.52 earnings per share for the current fiscal year.
In other BMC Stock news, insider David E. Flitman purchased 9,000 shares of BMC Stock stock in a transaction on Wednesday, May 8th. The shares were purchased at an average cost of $22.49 per share, with a total value of $202,410.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carl R. Vertuca, Jr. sold 2,500 shares of BMC Stock stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $18.00, for a total transaction of $45,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 17,000 shares of company stock worth $362,780 and have sold 20,000 shares worth $419,800. Insiders own 1.20% of the company’s stock.
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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