BMC Stock (NASDAQ:BMCH) Downgraded by TheStreet to C+

TheStreet lowered shares of BMC Stock (NASDAQ:BMCH) from a b- rating to a c+ rating in a research note released on Monday, TheStreetRatingsTable reports.

BMCH has been the subject of several other research reports. Evercore ISI reaffirmed a buy rating and set a $31.00 price objective on shares of BMC Stock in a report on Monday, December 16th. Benchmark assumed coverage on shares of BMC Stock in a report on Wednesday, February 5th. They set a hold rating for the company. BTIG Research assumed coverage on shares of BMC Stock in a report on Thursday, December 12th. They set a neutral rating for the company. BidaskClub raised shares of BMC Stock from a strong sell rating to a sell rating in a report on Saturday, March 21st. Finally, B. Riley reaffirmed a neutral rating and set a $24.00 price objective (down previously from $33.00) on shares of BMC Stock in a report on Tuesday, March 17th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. BMC Stock has an average rating of Hold and a consensus target price of $29.00.

NASDAQ:BMCH traded down $0.28 during trading hours on Monday, reaching $17.70. The company’s stock had a trading volume of 409,561 shares, compared to its average volume of 533,624. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 10.86 and a beta of 1.08. BMC Stock has a one year low of $13.38 and a one year high of $31.67. The business’s 50-day moving average is $24.67 and its 200-day moving average is $27.34. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.38 and a quick ratio of 1.53.

BMC Stock (NASDAQ:BMCH) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.03. BMC Stock had a net margin of 3.03% and a return on equity of 12.68%. The company had revenue of $890.56 million during the quarter, compared to analysts’ expectations of $874.75 million. During the same period in the prior year, the company earned $0.48 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, sell-side analysts predict that BMC Stock will post 1.92 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new position in BMC Stock in the fourth quarter valued at approximately $28,000. Americana Partners LLC bought a new position in BMC Stock in the fourth quarter valued at approximately $29,000. Advisor Group Inc. boosted its stake in BMC Stock by 67.1% in the fourth quarter. Advisor Group Inc. now owns 1,315 shares of the company’s stock valued at $38,000 after acquiring an additional 528 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in BMC Stock by 29.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,445 shares of the company’s stock valued at $41,000 after acquiring an additional 331 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new position in BMC Stock in the fourth quarter valued at approximately $50,000.

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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Analyst Recommendations for BMC Stock (NASDAQ:BMCH)

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