Michael Alan Farmer Sells 2,500 Shares of BMC Stock Holdings Inc (BMCH) Stock – Rockland Register

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BMC Stock Holdings Inc (NASDAQ:BMCH) insider Michael Alan Farmer sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $22.60, for a total value of $56,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of BMCH opened at $22.75 on Thursday. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 12.23, a P/E/G ratio of 2.91 and a beta of 1.22. The company has a quick ratio of 1.51, a current ratio of 2.37 and a debt-to-equity ratio of 0.50. BMC Stock Holdings Inc has a 1-year low of $14.66 and a 1-year high of $23.15.

BMC Stock (NASDAQ:BMCH) last announced its earnings results on Wednesday, May 1st. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.11. The business had revenue of $825.40 million during the quarter, compared to analyst estimates of $798.04 million. BMC Stock had a net margin of 3.40% and a return on equity of 15.62%. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 EPS. Sell-side analysts expect that BMC Stock Holdings Inc will post 1.52 earnings per share for the current year.

Several equities analysts recently issued reports on BMCH shares. TheStreet raised BMC Stock from a “c+” rating to a “b-” rating in a research report on Wednesday, March 20th. Buckingham Research started coverage on BMC Stock in a research report on Monday, February 25th. They issued a “buy” rating and a $22.00 price objective on the stock. BidaskClub raised BMC Stock from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. Credit Suisse Group set a $20.00 price objective on BMC Stock and gave the company a “hold” rating in a research report on Friday, March 1st. Finally, Royal Bank of Canada set a $20.00 price objective on BMC Stock and gave the company a “hold” rating in a research report on Friday, March 1st. Eleven research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. BMC Stock presently has a consensus rating of “Hold” and a consensus target price of $22.13.

Institutional investors and hedge funds have recently made changes to their positions in the business. Investors Research Corp purchased a new stake in shares of BMC Stock in the 1st quarter worth $25,000. Royce & Associates LP purchased a new stake in shares of BMC Stock in the 1st quarter worth $42,000. Quantamental Technologies LLC purchased a new stake in shares of BMC Stock in the 4th quarter worth $51,000. Acadian Asset Management LLC purchased a new stake in shares of BMC Stock in the 1st quarter worth $95,000. Finally, State of Tennessee Treasury Department purchased a new stake in shares of BMC Stock in the 1st quarter worth $99,000.

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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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