Stone Ridge Asset Management LLC boosted its stake in shares of BMC Stock Holdings Inc (NASDAQ:BMCH) by 27.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,418 shares of the company’s stock after acquiring an additional 8,271 shares during the period. Stone Ridge Asset Management LLC’s holdings in BMC Stock were worth $716,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado increased its stake in BMC Stock by 101.1% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 7,205 shares of the company’s stock worth $134,000 after acquiring an additional 3,623 shares during the period. Macquarie Group Ltd. bought a new position in BMC Stock during the 2nd quarter worth $161,000. First Interstate Bank increased its stake in BMC Stock by 47.9% during the 2nd quarter. First Interstate Bank now owns 8,625 shares of the company’s stock worth $180,000 after acquiring an additional 2,795 shares during the period. Buckingham Asset Management LLC bought a new position in BMC Stock during the 3rd quarter worth $187,000. Finally, Paloma Partners Management Co bought a new position in BMC Stock during the 2nd quarter worth $232,000.

Shares of BMCH stock opened at $15.68 on Monday. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 1.85 and a beta of 1.38. BMC Stock Holdings Inc has a fifty-two week low of $15.62 and a fifty-two week high of $25.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.43 and a current ratio of 2.38.

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

In related news, Director Carl R. Vertuca, Jr. sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $23.00, for a total transaction of $230,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David E. Flitman acquired 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The shares were purchased at an average cost of $17.99 per share, for a total transaction of $197,890.00. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company’s stock.

BMCH has been the topic of a number of recent research reports. B. Riley raised their price objective on BMC Stock from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 31st. BidaskClub lowered BMC Stock from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 27th. Zacks Investment Research lowered BMC Stock from a “buy” rating to a “hold” rating in a research note on Monday, August 6th. ValuEngine lowered BMC Stock from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 2nd. Finally, Stephens set a $26.00 price objective on BMC Stock and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. BMC Stock presently has an average rating of “Hold” and an average target price of $23.38.

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About BMC Stock

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

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