Janus Henderson Group PLC bought a new position in shares of BMC Stock Holdings Inc (NASDAQ:BMCH) during the third quarter, HoldingsChannel reports. The firm bought 11,022 shares of the company’s stock, valued at approximately $206,000.
Other institutional investors have also added to or reduced their stakes in the company. First Trust Advisors LP boosted its position in shares of BMC Stock by 109.8% during the second quarter. First Trust Advisors LP now owns 105,249 shares of the company’s stock valued at $2,194,000 after buying an additional 55,071 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of BMC Stock in the second quarter valued at $343,000. Sei Investments Co. raised its stake in shares of BMC Stock by 3.4% in the second quarter. Sei Investments Co. now owns 77,865 shares of the company’s stock valued at $1,624,000 after buying an additional 2,590 shares during the period. Rhumbline Advisers raised its stake in shares of BMC Stock by 4.1% in the second quarter. Rhumbline Advisers now owns 67,158 shares of the company’s stock valued at $1,400,000 after buying an additional 2,652 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of BMC Stock by 11.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 467,391 shares of the company’s stock valued at $9,746,000 after buying an additional 46,318 shares during the period.
In other BMC Stock news, insider David E. Flitman bought 11,000 shares of BMC Stock stock in a transaction that occurred on Tuesday, November 6th. The stock was acquired at an average cost of $17.99 per share, for a total transaction of $197,890.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Alan Farmer sold 3,200 shares of the business’s stock in a transaction dated Thursday, November 8th. The stock was 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. Insiders own 1.20% of the company’s stock.
BMC Stock (NASDAQ:BMCH) last released its quarterly earnings data on Thursday, November 1st. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.09. BMC Stock had a return on equity of 14.58% and a net margin of 2.98%. The company had revenue of $990.00 million for the quarter, compared to analyst estimates of $957.79 million. During the same period in the previous year, the company posted $0.34 EPS. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. Research analysts forecast that BMC Stock Holdings Inc will post 1.7 earnings per share for the current year.
Several analysts have issued reports on BMCH shares. BidaskClub lowered BMC Stock from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 27th. ValuEngine lowered BMC Stock from a “hold” rating to a “sell” rating in a research note on Wednesday, December 12th. TheStreet lowered BMC Stock from a “b” rating to a “c+” rating in a research note on Thursday, September 27th. Robert W. Baird decreased their price objective on BMC Stock from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, November 2nd. Finally, Barclays lowered BMC Stock from an “overweight” rating to a “hold” rating and set a $18.00 price objective on the stock. in a research note on Wednesday, December 12th. Two equities research analysts have rated the stock with a sell rating, eight have given 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 target price of $23.08.
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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