Public Employees Retirement System of Ohio increased its holdings in shares of BMC Stock Holdings Inc (NASDAQ:BMCH) by 806.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 28,408 shares of the company’s stock after purchasing an additional 25,273 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in BMC Stock were worth $440,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. BlackRock Inc. boosted its stake in shares of BMC Stock by 4.3% during the 4th quarter. BlackRock Inc. now owns 4,799,632 shares of the company’s stock worth $74,299,000 after acquiring an additional 195,931 shares in the last quarter. Frontier Capital Management Co. LLC lifted its position in shares of BMC Stock by 3.6% during the 4th quarter. Frontier Capital Management Co. LLC now owns 3,529,044 shares of the company’s stock worth $54,630,000 after purchasing an additional 121,035 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of BMC Stock by 14.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,317,772 shares of the company’s stock worth $51,360,000 after purchasing an additional 429,782 shares during the last quarter. Vanguard Group Inc lifted its position in shares of BMC Stock by 1.5% during the 3rd quarter. Vanguard Group Inc now owns 2,945,221 shares of the company’s stock worth $54,929,000 after purchasing an additional 42,598 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of BMC Stock by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,945,221 shares of the company’s stock worth $54,929,000 after purchasing an additional 42,598 shares during the last quarter.
Several research firms recently weighed in on BMCH. BidaskClub raised BMC Stock from a “hold” rating to a “buy” rating in a research report on Saturday. ValuEngine raised BMC Stock from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. TheStreet raised BMC Stock from a “c+” rating to a “b-” rating in a report on Wednesday, March 20th. Wedbush reaffirmed an “outperform” rating and issued a $23.00 price target on shares of BMC Stock in a report on Tuesday, March 12th. Finally, Credit Suisse Group set a $20.00 price target on BMC Stock and gave the company a “hold” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. BMC Stock has an average rating of “Hold” and an average target price of $21.29.
In related news, Director Carl R. Vertuca, Jr. sold 2,500 shares of the stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $17.50, for a total transaction of $43,750.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David W. Bullock purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were acquired at an average price of $18.49 per share, for a total transaction of $92,450.00. The disclosure for this purchase can be found here. Over the last three months, insiders sold 10,000 shares of company stock valued at $188,750. 1.20% of the stock is currently owned by insiders.
Shares of BMCH opened at $20.27 on Wednesday. BMC Stock Holdings Inc has a 1 year low of $14.66 and a 1 year high of $23.15. The company has a quick ratio of 1.82, a current ratio of 2.86 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $1.34 billion, a PE ratio of 10.90, a P/E/G ratio of 2.94 and a beta of 1.17.
BMC Stock (NASDAQ:BMCH) last issued its earnings results on Thursday, February 28th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.19. BMC Stock had a return on equity of 15.78% and a net margin of 3.25%. The business had revenue of $859.50 million during the quarter, compared to analysts’ expectations of $850.72 million. During the same period in the prior year, the firm posted $0.23 EPS. BMC Stock’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, equities research analysts expect that BMC Stock Holdings Inc will post 1.37 earnings per share for the current year.
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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