BMC Stock (NASDAQ:BMCH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks.com reports.

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. “

Several other equities research analysts also recently weighed in on the company. TheStreet raised United States Lime & Minerals from a “c+” rating to a “b” rating in a report on Wednesday, March 20th. ValuEngine raised William Lyon Homes from a “strong sell” rating to a “sell” rating in a report on Wednesday, April 10th. BidaskClub raised Misonix from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 3rd. SunTrust Banks lifted their target price on Markel to $1,100.00 and gave the stock a “hold” rating in a report on Thursday, May 2nd. Finally, Royal Bank of Canada set a $42.00 target price on Devon Energy and gave the stock a “hold” rating in a report on Thursday, May 2nd. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $21.92.

BMCH opened at $21.61 on Monday. The company has a 50-day moving average of $20.88. BMC Stock has a 1 year low of $14.66 and a 1 year high of $23.15. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.37 and a quick ratio of 1.51. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 2.88 and a beta of 1.13.

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

In other BMC Stock news, insider David E. Flitman acquired 9,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average cost of $22.49 per share, for a total transaction of $202,410.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Carl R. Vertuca, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $21.83, for a total value of $218,300.00. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of BMCH. Janus Henderson Group PLC boosted its stake in BMC Stock by 8.0% during the first quarter. Janus Henderson Group PLC now owns 12,178 shares of the company’s stock worth $215,000 after buying an additional 906 shares during the last quarter. Alps Advisors Inc. boosted its stake in BMC Stock by 5.7% during the first quarter. Alps Advisors Inc. now owns 22,226 shares of the company’s stock worth $393,000 after buying an additional 1,207 shares during the last quarter. Investors Research Corp acquired a new position in BMC Stock during the first quarter worth $25,000. Legal & General Group Plc boosted its stake in BMC Stock by 6.1% during the fourth quarter. Legal & General Group Plc now owns 26,135 shares of the company’s stock worth $405,000 after buying an additional 1,510 shares during the last quarter. Finally, Martingale Asset Management L P boosted its stake in BMC Stock by 2.8% during the first quarter. Martingale Asset Management L P now owns 85,892 shares of the company’s stock worth $1,518,000 after buying an additional 2,300 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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