Dimensional Fund Advisors LP lifted its stake in BMC Stock Holdings Inc (NASDAQ:BMCH) by 12.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,243,734 shares of the company’s stock after purchasing an additional 242,844 shares during the quarter. Dimensional Fund Advisors LP owned about 3.34% of BMC Stock worth $43,865,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. lifted its position in BMC Stock by 1.3% in the 4th quarter. BlackRock Inc. now owns 4,169,075 shares of the company’s stock valued at $105,476,000 after acquiring an additional 52,667 shares in the last quarter. Boston Partners lifted its position in BMC Stock by 29.9% in the 1st quarter. Boston Partners now owns 2,620,211 shares of the company’s stock valued at $51,225,000 after acquiring an additional 603,697 shares in the last quarter. Victory Capital Management Inc. lifted its position in BMC Stock by 1.0% in the 1st quarter. Victory Capital Management Inc. now owns 1,543,837 shares of the company’s stock valued at $30,182,000 after acquiring an additional 15,452 shares in the last quarter. Bank of New York Mellon Corp lifted its position in BMC Stock by 41.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,242,342 shares of the company’s stock valued at $31,430,000 after acquiring an additional 363,392 shares in the last quarter. Finally, Lakewood Capital Management LP bought a new position in BMC Stock in the 4th quarter valued at approximately $24,678,000. 98.89% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BMCH opened at $20.85 on Friday. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 20.44 and a beta of 1.40. The company has a quick ratio of 1.27, a current ratio of 2.21 and a debt-to-equity ratio of 0.48. BMC Stock Holdings Inc has a 1-year low of $17.10 and a 1-year high of $25.70.
BMC Stock (NASDAQ:BMCH) last announced its earnings results on Tuesday, May 8th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.17. The business had revenue of $834.20 million during the quarter, compared to analyst estimates of $842.86 million. BMC Stock had a net margin of 2.01% and a return on equity of 10.99%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 EPS. sell-side analysts expect that BMC Stock Holdings Inc will post 1.48 earnings per share for the current year.
Several equities analysts recently issued reports on BMCH shares. BidaskClub raised BMC Stock from a “sell” rating to a “hold” rating in a research report on Wednesday, March 28th. Zacks Investment Research cut BMC Stock from a “buy” rating to a “hold” rating in a research report on Tuesday, May 8th. TheStreet raised BMC Stock from a “c+” rating to a “b-” rating in a research report on Thursday, June 14th. Evercore ISI started coverage on BMC Stock in a research report on Thursday. They issued an “in-line” rating and a $22.00 price objective on the stock. Finally, ValuEngine raised BMC Stock from a “sell” rating to a “hold” rating in a research report on Saturday, May 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $22.80.
In other news, Director Carl R. Vertuca, Jr. sold 2,000 shares of the company’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $19.88, for a total value of $39,760.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carl R. Vertuca, Jr. sold 10,000 shares of the company’s stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $21.00, for a total value of $210,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,676 shares of company stock valued at $264,159. Company insiders own 1.20% of the company’s stock.
BMC Stock 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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