Barclays downgraded shares of BMC Stock (NASDAQ:BMCH) from an overweight rating to a hold rating in a research note issued to investors on Wednesday morning, The Fly reports. They currently have $18.00 target price on the stock.

BMCH has been the topic of several other research reports. Wedbush set a $25.00 price objective on BMC Stock and gave the company a buy rating in a research note on Tuesday, October 2nd. ValuEngine downgraded BMC Stock from a hold rating to a sell rating in a research report on Wednesday, September 26th. Stephens downgraded BMC Stock from an overweight rating to an equal rating and set a $19.00 target price on the stock. in a research report on Thursday, October 18th. BidaskClub downgraded BMC Stock from a sell rating to a strong sell rating in a research report on Tuesday, November 13th. Finally, Goldman Sachs Group assumed coverage on BMC Stock in a research report on Tuesday, October 2nd. They set a neutral rating and a $21.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $23.08.

Shares of NASDAQ BMCH traded down $0.14 during midday trading on Wednesday, reaching $15.63. The company’s stock had a trading volume of 32,387 shares, compared to its average volume of 456,564. BMC Stock has a 12-month low of $15.54 and a 12-month high of $25.70. The company has a market capitalization of $1.07 billion, a PE ratio of 15.32, a PEG ratio of 1.87 and a beta of 1.32. The company has a quick ratio of 1.43, a current ratio of 2.38 and a debt-to-equity ratio of 0.42.

BMC Stock (NASDAQ:BMCH) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.49 by $0.09. BMC Stock had a return on equity of 14.58% and a net margin of 2.98%. The business had revenue of $990.00 million for the quarter, compared to the consensus estimate of $957.79 million. During the same quarter in the prior year, the business earned $0.34 earnings per share. BMC Stock’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, research analysts expect that BMC Stock will post 1.7 EPS for the current fiscal year.

In other news, insider David E. Flitman bought 11,000 shares of BMC Stock stock in a transaction that occurred on Tuesday, November 6th. The shares were acquired at an average price of $17.99 per share, with a total value of $197,890.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Alan Farmer sold 3,200 shares of the stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $17.31, for a total value of $55,392.00. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado increased its stake in BMC Stock by 101.1% in the third quarter. Public Employees Retirement Association of Colorado now owns 7,205 shares of the company’s stock valued at $134,000 after acquiring an additional 3,623 shares during the last quarter. Macquarie Group Ltd. bought a new position in shares of BMC Stock during the second quarter valued at about $161,000. Buckingham Asset Management LLC bought a new position in shares of BMC Stock during the third quarter valued at about $187,000. Janus Henderson Group PLC bought a new position in shares of BMC Stock during the third quarter valued at about $206,000. Finally, Chicago Equity Partners LLC bought a new position in shares of BMC Stock during the third quarter valued at about $228,000.

BMC Stock Company Profile

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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Analyst Recommendations for BMC Stock (NASDAQ:BMCH)

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