Walthausen & Co. LLC reduced its stake in BMC Stock Holdings Inc (NASDAQ:BMCH) by 94.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 17,270 shares of the company’s stock after selling 294,410 shares during the quarter. Walthausen & Co. LLC’s holdings in BMC Stock were worth $495,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new stake in BMC Stock in the 4th quarter valued at approximately $28,000. Americana Partners LLC bought a new position in BMC Stock in the fourth quarter worth approximately $29,000. Advisor Group Inc. raised its stake in shares of BMC Stock by 67.1% in the fourth quarter. Advisor Group Inc. now owns 1,315 shares of the company’s stock worth $38,000 after purchasing an additional 528 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of BMC Stock by 29.7% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,445 shares of the company’s stock valued at $41,000 after acquiring an additional 331 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of BMC Stock during the fourth quarter valued at approximately $50,000.
BMC Stock stock traded down $0.28 during midday trading on Thursday, reaching $17.70. The stock had a trading volume of 409,561 shares, compared to its average volume of 533,624. The stock has a market capitalization of $1.20 billion, a P/E ratio of 10.86 and a beta of 1.08. BMC Stock Holdings Inc has a 1-year low of $13.38 and a 1-year high of $31.67. The firm’s fifty day simple moving average is $24.67 and its 200-day simple moving average is $27.34. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.53 and a current ratio of 2.38.
BMC Stock (NASDAQ:BMCH) last issued its earnings results on Thursday, February 27th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. BMC Stock had a return on equity of 12.68% and a net margin of 3.03%. The business had revenue of $890.56 million during the quarter, compared to analysts’ expectations of $874.75 million. During the same quarter in the prior year, the firm earned $0.48 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, sell-side analysts anticipate that BMC Stock Holdings Inc will post 1.92 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on the company. TheStreet lowered BMC Stock from a “b-” rating to a “c+” rating in a report on Monday. BTIG Research began coverage on shares of BMC Stock in a research report on Thursday, December 12th. They set a “neutral” rating on the stock. BidaskClub upgraded shares of BMC Stock from a “strong sell” rating to a “sell” rating in a research note on Saturday, March 21st. Zacks Investment Research upgraded shares of BMC Stock from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Wednesday, March 4th. Finally, Evercore ISI reissued a “buy” rating and set a $31.00 target price on shares of BMC Stock in a research note on Monday, December 16th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $29.00.
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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