New York State Common Retirement Fund Acquires 13,699 Shares of BMC Stock Holdings Inc (NASDAQ:BMCH)

New York State Common Retirement Fund boosted its position in shares of BMC Stock Holdings Inc (NASDAQ:BMCH) by 24.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 70,100 shares of the company’s stock after buying an additional 13,699 shares during the quarter. New York State Common Retirement Fund owned approximately 0.10% of BMC Stock Holdings worth $1,532,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Neumeier Poma Investment Counsel LLC acquired a new position in shares of BMC Stock Holdings in the 2nd quarter valued at $9,349,000. Westfield Capital Management Co. LP raised its stake in BMC Stock Holdings by 64.3% during the 2nd quarter. Westfield Capital Management Co. LP now owns 1,718,041 shares of the company’s stock worth $37,539,000 after buying an additional 672,491 shares during the period. PNC Financial Services Group Inc. raised its stake in BMC Stock Holdings by 53.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 17,233 shares of the company’s stock worth $376,000 after buying an additional 6,033 shares during the period. RK Capital Management LLC raised its stake in BMC Stock Holdings by 3.2% during the 2nd quarter. RK Capital Management LLC now owns 511,000 shares of the company’s stock worth $11,165,000 after buying an additional 15,800 shares during the period. Finally, TIAA CREF Investment Management LLC raised its stake in BMC Stock Holdings by 30.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 209,440 shares of the company’s stock worth $4,576,000 after buying an additional 48,632 shares during the period.

Several brokerages recently commented on BMCH. B. Riley reaffirmed a “buy” rating and set a $25.00 price objective (up previously from $22.00) on shares of BMC Stock Holdings in a research note on Tuesday, November 7th. Royal Bank Of Canada restated an “outperform” rating and issued a $25.00 price objective (up previously from $23.00) on shares of BMC Stock Holdings in a report on Tuesday, November 7th. Robert W. Baird restated a “buy” rating and set a $23.00 price objective on shares of BMC Stock Holdings in a research report on Monday, October 9th. FBR & Co cut their price objective on shares of BMC Stock Holdings from $26.00 to $22.00 and set a “buy” rating for the company in a research report on Tuesday, August 22nd. Finally, Zacks Investment Research downgraded shares of BMC Stock Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. BMC Stock Holdings currently has an average rating of “Buy” and a consensus price target of $23.83.

In related news, insider Michael Alan Farmer sold 2,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $22.20, for a total value of $44,400.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider James F. Jr. Major sold 20,000 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $20.24, for a total transaction of $404,800.00. Following the completion of the sale, the insider now owns 176,482 shares in the company, valued at approximately $3,571,995.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,000 shares of company stock worth $2,689,440. 3.70% of the stock is owned by company insiders.

BMC Stock Holdings Inc (NASDAQ BMCH) traded down $0.10 during midday trading on Tuesday, hitting $22.50. 776,800 shares of the company’s stock were exchanged, compared to its average volume of 555,281. The company has a current ratio of 2.29, a quick ratio of 1.38 and a debt-to-equity ratio of 0.57. BMC Stock Holdings Inc has a 12-month low of $17.45 and a 12-month high of $23.90. The company has a market capitalization of $1,515.05, a PE ratio of 23.06 and a beta of 1.49.

BMC Stock Holdings (NASDAQ:BMCH) last issued its quarterly earnings data on Monday, November 6th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). The business had revenue of $881.01 million during the quarter, compared to the consensus estimate of $888.09 million. BMC Stock Holdings had a return on equity of 9.42% and a net margin of 1.53%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 EPS. analysts expect that BMC Stock Holdings Inc will post 0.98 EPS for the current year.

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About BMC Stock Holdings

BMC Stock Holdings, Inc is a provider of building products and services in the United States residential construction market. The Company’s segments include Mid-Atlantic, Southeast, Texas, Intermountain, Western and Mountain West divisions. Its product offerings include lumber and lumber sheet goods and an array of products, including millwork, doors, windows, structural components, floor and roof trusses and wall panels.

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

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