BMC Stock (NASDAQ:BMCH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, Zacks.com reports. The brokerage presently has a $24.00 price objective on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 10.50% from the company’s current price.

According to Zacks, “BMC Stock Holdings Inc provides diversified building products and services to professional builders and contractors primarily in the residential housing market. The Company’s portfolio of products and services spans building materials includes millwork and structural component manufacturing capabilities, consultative showrooms and design centers, value-added installation management and eBusiness platform. BMC Stock Holdings, Inc., formerly known as Stock Building Supply Holdings, is headquartered in Raleigh, North Carolina. “

A number of other analysts have also issued reports on BMCH. SunTrust Banks boosted their price target on Markel to $1,100.00 and gave the company a “hold” rating in a report on Thursday, May 2nd. TheStreet upgraded shares of United States Lime & Minerals from a “c+” rating to a “b” rating in a report on Wednesday, March 20th. BidaskClub upgraded shares of Misonix from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 3rd. ValuEngine upgraded shares of William Lyon Homes from a “strong sell” rating to a “sell” rating in a report on Wednesday, April 10th. Finally, Royal Bank of Canada set a $42.00 price target on shares of Devon Energy and gave the stock a “hold” rating in a report on Thursday, May 2nd. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. BMC Stock has a consensus rating of “Hold” and an average price target of $21.92.

Shares of BMC Stock stock traded up $0.24 on Friday, reaching $21.72. The company’s stock had a trading volume of 230,781 shares, compared to its average volume of 436,683. The company has a market cap of $1.43 billion, a P/E ratio of 11.68, a price-to-earnings-growth ratio of 2.86 and a beta of 1.13. The company’s fifty day moving average price is $20.79. BMC Stock has a 52 week low of $14.66 and a 52 week high of $23.15. The company has a quick ratio of 1.51, a current ratio of 2.37 and a debt-to-equity ratio of 0.50.

BMC Stock (NASDAQ:BMCH) last posted its earnings results on Wednesday, May 1st. The company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.11. The business had revenue of $825.40 million during the quarter, compared to analyst estimates of $798.04 million. BMC Stock had a return on equity of 15.62% and a net margin of 3.40%. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 EPS. As a group, analysts expect that BMC Stock will post 1.51 EPS for the current fiscal year.

In other news, Director David W. Bullock bought 3,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were acquired at an average cost of $22.64 per share, with a total value of $67,920.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Alan Farmer sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $22.60, for a total transaction of $56,500.00. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of BMCH. Citigroup Inc. increased its stake in shares of BMC Stock by 90.1% in the 4th quarter. Citigroup Inc. now owns 9,277 shares of the company’s stock valued at $144,000 after acquiring an additional 4,397 shares during the last quarter. Marshall Wace North America L.P. bought a new position in BMC Stock in the 1st quarter worth about $246,000. BlackRock Inc. increased its stake in BMC Stock by 4.3% in the 4th quarter. BlackRock Inc. now owns 4,799,632 shares of the company’s stock worth $74,299,000 after acquiring an additional 195,931 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of BMC Stock by 8.0% during the 1st quarter. Janus Henderson Group PLC now owns 12,178 shares of the company’s stock valued at $215,000 after purchasing an additional 906 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of BMC Stock by 14.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,317,772 shares of the company’s stock valued at $51,360,000 after purchasing an additional 429,782 shares during the last quarter.

About BMC Stock

BMC Stock Holdings, Inc distributes lumber and building materials to new construction, and repair and remodeling contractors in the United States. Its products comprise structural components, such as floor and 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 trims, custom millworks, moldings, stairs and stair parts, and cabinetry and other products.

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