BMC Stock (NASDAQ:BMCH) Rating Lowered to C+ at TheStreet

TheStreet downgraded shares of BMC Stock (NASDAQ:BMCH) from a b- rating to a c+ rating in a research report sent to investors on Monday, TheStreetRatingsTable reports.

A number of other research firms also recently issued reports on BMCH. B. Riley reissued a neutral rating and issued a $24.00 price objective (down previously from $33.00) on shares of BMC Stock in a report on Tuesday, March 17th. SunTrust Banks raised shares of BMC Stock from a hold rating to a buy rating and boosted their price objective for the company from $28.00 to $33.00 in a report on Monday, March 2nd. Royal Bank of Canada reissued a buy rating and issued a $25.00 price objective on shares of BMC Stock in a report on Wednesday, March 18th. ValuEngine downgraded shares of BMC Stock from a hold rating to a sell rating in a report on Friday, January 3rd. Finally, Benchmark began coverage on shares of BMC Stock in a research report on Wednesday, February 5th. They issued a hold rating for the company. Two investment 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. The company has an average rating of Hold and an average target price of $29.00.

Shares of BMCH stock traded down $0.28 during midday trading on Monday, hitting $17.70. 409,561 shares of the company were exchanged, compared to its average volume of 533,624. The firm has a market capitalization of $1.20 billion, a P/E ratio of 10.86 and a beta of 1.08. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.53 and a current ratio of 2.38. The firm’s 50 day moving average price is $24.67 and its two-hundred day moving average price is $27.34. BMC Stock has a 52 week low of $13.38 and a 52 week high of $31.67.

BMC Stock (NASDAQ:BMCH) last posted its quarterly earnings data 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. The firm had revenue of $890.56 million during the quarter, compared to the consensus estimate of $874.75 million. BMC Stock had a net margin of 3.03% and a return on equity of 12.68%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 EPS. Analysts expect that BMC Stock will post 1.92 EPS for the current year.

Several large investors have recently modified their holdings of BMCH. Norges Bank acquired a new position in shares of BMC Stock in the 4th quarter valued at approximately $27,196,000. SG Capital Management LLC acquired a new position in shares of BMC Stock in the 4th quarter valued at approximately $20,519,000. Coliseum Capital Management LLC raised its position in shares of BMC Stock by 15.4% in the 4th quarter. Coliseum Capital Management LLC now owns 3,629,086 shares of the company’s stock valued at $104,118,000 after buying an additional 484,830 shares in the last quarter. Panagora Asset Management Inc. raised its position in shares of BMC Stock by 12,731.9% in the 4th quarter. Panagora Asset Management Inc. now owns 350,055 shares of the company’s stock valued at $10,043,000 after buying an additional 347,327 shares in the last quarter. Finally, Martingale Asset Management L P raised its position in shares of BMC Stock by 194.4% in the 4th quarter. Martingale Asset Management L P now owns 310,799 shares of the company’s stock valued at $8,918,000 after buying an additional 205,215 shares in 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.

Read More: Mutual Funds

Analyst Recommendations for BMC Stock (NASDAQ:BMCH)

Receive News & Ratings for BMC Stock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BMC Stock and related companies with MarketBeat.com's FREE daily email newsletter.