Legal & General Group Plc decreased its stake in BMC Stock Holdings, Inc. (NASDAQ:BMCH) by 1.8% during the first quarter, Holdings Channel reports. The institutional investor owned 13,631 shares of the company’s stock after selling 252 shares during the period. Legal & General Group Plc’s holdings in BMC Stock Holdings were worth $307,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BMCH. Ameritas Investment Partners Inc. bought a new stake in BMC Stock Holdings during the first quarter valued at $108,000. Acadian Asset Management LLC bought a new stake in BMC Stock Holdings during the first quarter valued at $140,000. UBS Asset Management Americas Inc. bought a new stake in BMC Stock Holdings during the first quarter valued at $209,000. TFS Capital LLC bought a new stake in BMC Stock Holdings during the first quarter valued at $210,000. Finally, State Board of Administration of Florida Retirement System bought a new stake in BMC Stock Holdings during the fourth quarter valued at $244,000. 98.47% of the stock is owned by institutional investors and hedge funds.

Shares of BMC Stock Holdings, Inc. (BMCH) traded up 0.24% during mid-day trading on Wednesday, hitting $20.85. The stock had a trading volume of 45,148 shares. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 33.96 and a beta of 1.47. BMC Stock Holdings, Inc. has a 12-month low of $15.45 and a 12-month high of $23.90. The stock’s 50-day moving average price is $21.73 and its 200-day moving average price is $21.26.

BMC Stock Holdings (NASDAQ:BMCH) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.03. BMC Stock Holdings had a net margin of 1.28% and a return on equity of 9.29%. The firm had revenue of $886.38 million during the quarter, compared to the consensus estimate of $871.51 million. During the same quarter in the prior year, the company earned $0.32 EPS. BMC Stock Holdings’s quarterly revenue was up 11.1% on a year-over-year basis. On average, equities analysts anticipate that BMC Stock Holdings, Inc. will post $1.10 EPS for the current fiscal year.

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Several equities research analysts have recently weighed in on BMCH shares. Royal Bank Of Canada reissued a “buy” rating and set a $24.00 price objective on shares of BMC Stock Holdings in a research note on Tuesday, July 18th. Barclays PLC set a $24.00 price objective on BMC Stock Holdings and gave the stock a “buy” rating in a research note on Monday, May 8th. Finally, Zacks Investment Research raised BMC Stock Holdings from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Thursday, May 11th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $24.40.

About BMC Stock Holdings

BMC Stock Holdings, Inc is a provider of building products and services in the United States residential construction market. The Company’s segments include Mid-Atlantic, Southeast, Texas, Intermountain, Western and Mountain West divisions. Its product offerings include lumber and lumber sheet goods and an array of products, including millwork, doors, windows, structural components, floor and roof trusses and wall panels.

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Institutional Ownership by Quarter for BMC Stock Holdings (NASDAQ:BMCH)

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