Shares of Stock Building Supply Holdings Inc. (NASDAQ:BMCH) hit a new 52-week high on Monday . The stock traded as high as $20.20 and last traded at $19.98, with a volume of 322,671 shares traded. The stock had previously closed at $19.55.

Several brokerages have recently weighed in on BMCH. Robert W. Baird began coverage on Stock Building Supply Holdings in a report on Wednesday, June 1st. They set a “buy” rating and a $23.00 price objective on the stock. FBR & Co began coverage on Stock Building Supply Holdings in a report on Wednesday, June 1st. They set an “outperform” rating and a $22.00 price objective on the stock. Vetr lowered Stock Building Supply Holdings from a “strong-buy” rating to a “buy” rating and set a $20.07 price objective on the stock. in a report on Monday, May 23rd. Credit Suisse Group AG began coverage on Stock Building Supply Holdings in a report on Monday, June 20th. They set an “outperform” rating and a $22.00 price objective on the stock. Finally, Zacks Investment Research lowered Stock Building Supply Holdings from a “hold” rating to a “sell” rating in a report on Friday, July 15th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $21.23.

The company’s market cap is $1.34 billion. The company’s 50 day moving average is $18.77 and its 200 day moving average is $16.81.

Stock Building Supply Holdings (NASDAQ:BMCH) last announced its earnings results on Thursday, May 5th. The company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.05. The firm had revenue of $727.40 million for the quarter, compared to the consensus estimate of $700.86 million. The company’s quarterly revenue was up 23.2% compared to the same quarter last year. On average, equities research analysts forecast that Stock Building Supply Holdings Inc. will post $0.85 earnings per share for the current year.

In other news, major shareholder Gores Group, Llc sold 1,500,000 shares of the stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $16.28, for a total transaction of $24,420,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Davidson Kempner Partners sold 1,589,333 shares of the stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $17.00, for a total value of $27,018,661.00. The disclosure for this sale can be found here.

BMC Stock Holdings, Inc, formerly Stock Building Supply Holdings, Inc, is a diversified lumber and building materials (LBM) distributor and solutions provider that sells to construction and repair and remodeling contractors. The Company’s operating segments include Mid-Atlantic, Southeast, Texas, Intermountain, West and Mountain West divisions.

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