Insider Selling: BMC Stock Holdings Inc (BMCH) Director Sells $1,294,200.00 in Stock

BMC Stock Holdings Inc (NASDAQ:BMCH) Director Jeffrey Gene Rea sold 60,000 shares of BMC Stock Holdings stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $21.57, for a total value of $1,294,200.00. Following the transaction, the director now directly owns 665,360 shares in the company, valued at $14,351,815.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

BMC Stock Holdings Inc (NASDAQ:BMCH) opened at 22.70 on Tuesday. BMC Stock Holdings Inc has a 12-month low of $14.08 and a 12-month high of $22.80. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 49.35 and a beta of 1.48. The company’s 50-day moving average price is $20.38 and its 200-day moving average price is $18.93.

BMC Stock Holdings (NASDAQ:BMCH) last announced its quarterly earnings results on Wednesday, March 1st. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. BMC Stock Holdings had a net margin of 0.46% and a return on equity of 8.61%. The firm earned $747.57 million during the quarter, compared to analysts’ expectations of $760.82 million. During the same quarter in the prior year, the company earned $0.17 EPS. The company’s revenue was up 46.5% compared to the same quarter last year. Equities analysts expect that BMC Stock Holdings Inc will post $1.33 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for BMC Stock Holdings (NASDAQ:BMCH)

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Large investors have recently made changes to their positions in the company. Vident Investment Advisory LLC purchased a new stake in BMC Stock Holdings during the fourth quarter worth approximately $362,000. Putnam Investments LLC purchased a new stake in BMC Stock Holdings during the fourth quarter worth approximately $4,224,000. Worth Venture Partners LLC purchased a new stake in BMC Stock Holdings during the fourth quarter worth approximately $246,000. Metropolitan Life Insurance Co. NY purchased a new stake in BMC Stock Holdings during the fourth quarter worth approximately $779,000. Finally, MSD Partners L.P. purchased a new stake in BMC Stock Holdings during the fourth quarter worth approximately $10,376,000. 84.98% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on BMCH shares. Zacks Investment Research raised BMC Stock Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, January 10th. Barclays PLC started coverage on BMC Stock Holdings in a report on Thursday, January 5th. They set an “overweight” rating and a $22.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $25.00 target price (up from $22.00) on shares of BMC Stock Holdings in a report on Thursday, March 2nd. Seaport Global Securities started coverage on BMC Stock Holdings in a report on Thursday, March 16th. They set a “buy” rating and a $26.00 target price on the stock. Finally, FBR & Co reaffirmed an “outperform” rating and set a $26.00 target price (up from $21.00) on shares of BMC Stock Holdings in a report on Wednesday, March 8th. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. BMC Stock Holdings currently has a consensus rating of “Buy” and an average target price of $23.53.

BMC Stock Holdings Company Profile

BMC Stock Holdings, Inc, formerly Stock Building Supply Holdings, Inc, is a diversified lumber and building materials (LBM) distributor and solutions provider that sells to construction and repair and remodeling contractors. The Company’s operating segments include Mid-Atlantic, Southeast, Texas, Intermountain, West and Mountain West divisions.

5 Day Chart for NASDAQ:BMCH

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