BMC Stock Holdings Inc (BMCH) Position Reduced by Prudential Financial Inc.

Prudential Financial Inc. decreased its position in shares of BMC Stock Holdings Inc (NASDAQ:BMCH) by 71.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,210 shares of the company’s stock after selling 248,110 shares during the period. Prudential Financial Inc. owned 0.15% of BMC Stock worth $2,076,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. raised its holdings in BMC Stock by 106.0% during the second quarter. Victory Capital Management Inc. now owns 1,365,066 shares of the company’s stock worth $29,827,000 after purchasing an additional 702,295 shares in the last quarter. FNY Partners Fund LP raised its holdings in BMC Stock by 4,066.7% during the second quarter. FNY Partners Fund LP now owns 25,000 shares of the company’s stock worth $546,000 after purchasing an additional 24,400 shares in the last quarter. Credit Suisse AG increased its holdings in shares of BMC Stock by 10.5% in the first quarter. Credit Suisse AG now owns 48,549 shares of the company’s stock valued at $1,098,000 after buying an additional 4,619 shares in the last quarter. Robotti Robert increased its holdings in shares of BMC Stock by 2.4% in the second quarter. Robotti Robert now owns 3,257,763 shares of the company’s stock valued at $63,243,000 after buying an additional 77,866 shares in the last quarter. Finally, Pier Capital LLC increased its holdings in shares of BMC Stock by 23.5% in the second quarter. Pier Capital LLC now owns 328,070 shares of the company’s stock valued at $7,168,000 after buying an additional 62,524 shares in the last quarter.

BMC Stock Holdings Inc (BMCH) opened at $23.30 on Wednesday. BMC Stock Holdings Inc has a 52-week low of $17.45 and a 52-week high of $23.90. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.38 and a current ratio of 2.29. The firm has a market cap of $1,565.32, a P/E ratio of 23.83 and a beta of 1.50.

BMC Stock (NASDAQ:BMCH) last posted its quarterly earnings data on Monday, November 6th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). BMC Stock had a return on equity of 9.42% and a net margin of 1.53%. The firm had revenue of $881.01 million for the quarter, compared to analysts’ expectations of $888.09 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. equities analysts anticipate that BMC Stock Holdings Inc will post 0.98 earnings per share for the current year.

In other news, insider Peter Alexander sold 28,000 shares of the business’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $21.08, for a total transaction of $590,240.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jeffrey Gene Rea sold 75,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $22.00, for a total transaction of $1,650,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 180,000 shares of company stock worth $4,009,640. Corporate insiders own 3.70% of the company’s stock.

Several research firms have issued reports on BMCH. TheStreet raised BMC Stock from a “c” rating to a “b-” rating in a report on Friday, December 1st. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $26.00 price target on shares of BMC Stock in a report on Wednesday, November 15th. B. Riley reaffirmed a “buy” rating and issued a $25.00 price target (up previously from $22.00) on shares of BMC Stock in a report on Tuesday, November 7th. Robert W. Baird reaffirmed a “buy” rating and issued a $23.00 price target on shares of BMC Stock in a report on Monday, October 9th. Finally, FBR & Co dropped their price target on BMC Stock from $26.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. BMC Stock presently has an average rating of “Buy” and a consensus price target of $24.00.

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BMC Stock Company Profile

BMC Stock Holdings, Inc is a provider of building products and services in the United States residential construction market. The Company’s segments include Mid-Atlantic, Southeast, Texas, Intermountain, Western and Mountain West divisions. Its product offerings include lumber and lumber sheet goods and an array of products, including millwork, doors, windows, structural components, floor and roof trusses and wall panels.

Institutional Ownership by Quarter for BMC Stock (NASDAQ:BMCH)

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