Shares of Stock Building Supply Holdings Inc. (NASDAQ:BMCH) dropped 1% on Thursday . The stock traded as low as $19.45 and last traded at $20.26, with a volume of 861,010 shares trading hands. The stock had previously closed at $20.46.

BMCH has been the topic of several analyst reports. SunTrust Banks Inc. initiated coverage on shares of Stock Building Supply Holdings in a report on Tuesday, April 19th. They issued a “buy” rating and a $21.00 target price on the stock. Credit Suisse Group AG assumed coverage on shares of 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. Vetr raised shares of Stock Building Supply Holdings from a “buy” rating to a “strong-buy” rating and set a $21.81 price objective on the stock in a report on Monday, June 6th. Zacks Investment Research cut shares of Stock Building Supply Holdings from a “hold” rating to a “sell” rating in a report on Friday, July 15th. Finally, Royal Bank Of Canada assumed coverage on shares of Stock Building Supply Holdings in a report on Tuesday, May 31st. They set an “outperform” rating and a $22.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Stock Building Supply Holdings currently has a consensus rating of “Buy” and a consensus price target of $21.35.

The company’s 50-day moving average price is $19.25 and its 200 day moving average price is $17.37. The firm has a market cap of $1.31 billion and a price-to-earnings ratio of 140.07.

Stock Building Supply Holdings (NASDAQ:BMCH) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.08. The company earned $797.50 million during the quarter, compared to the consensus estimate of $782.54 million. The firm’s revenue was up 123.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 earnings per share. Equities analysts predict that Stock Building Supply Holdings Inc. will post $0.95 earnings per share for the current fiscal year.

In related news, major shareholder Gores Group, Llc sold 1,500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $16.28, for a total value of $24,420,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Davidson Kempner Partners sold 1,589,333 shares of the firm’s stock in a transaction that occurred on Wednesday, May 18th. The shares were 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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