Coliseum Capital Management LLC recently announced the acquisition of new stake in BMC Stock Holdings Inc. (NASDAQ:BMCH). The institutional investor has increased its shareholding in the Industrials company by 17.53% to 5.72 million shares with purchase of 0.85 million shares. This fresh investment now brings its stake to 8.55% valued currently at $146.52 million. In addition, Dimensional Fund Advisors LP raised its holdings by 0.12 million to 3.95 million shares. And Wellington Management Co. LLP has lifted its position by 26.70% or 0.83 million shares – to 3.93 million shares.
With over 2.28 million BMC Stock Holdings Inc. (BMCH) shares trading Tuesday and a closing price of $40.43 on the day, the dollar volume was approximately $92.01 million. The shares have shown a positive weekly performance of 24.90% and its price on 09/01/20 gained nearly 1.28%. Currently, there are 67.02M common shares owned by the public and among those 66.56M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for BMCH have a consensus price objective of $39.22. The analysts have set the share’s price value over the next 12 months at a high of $49.00 and a low of $33.00 should the stock experience a downside. Incidentally, analysts’ outlook for the BMC Stock Holdings Inc. stock is 2.20 for the next 12 months. The average price target is -14.53% below its last price level and a downside to the estimated low will see the stock lose -22.52% over that period. But an upside of 17.49% will see the stock hit the forecast high price target while mean target price for the stock is $37.00.
Insiders at the company have transacted a total of 36 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 17 of these insider trades were purchases, accounting for 122,832 shares. Insider sales of the common stock occurred on 19 occasions, with total insider shares sold totaling 129,060 shares.
The top 3 mutual fund holders in BMC Stock Holdings Inc. are Capitol Series Trust – Fuller & T, Vanguard Total Stock Market Index, and iShares Russell 2000 ETF. Capitol Series Trust – Fuller & T owns 2.12 million shares of the company’s stock, all valued at over $54.16 million. The company bought an additional 5783.0 shares recently to bring their total holdings to about 3.16% of the shares outstanding. Vanguard Total Stock Market Index sold 34854.0 shares to see its total holdings shrink to 1.89 million shares valued at over $48.29 million and representing 2.82% of the shares outstanding. iShares Russell 2000 ETF sold 64974.0 shares to bring its total holdings to over 1.39 million shares at a value of $35.53 million. iShares Russell 2000 ETF now owns shares totaling to 2.07% of the shares outstanding.
Shares of BMC Stock Holdings Inc. (NASDAQ: BMCH) opened at $39.79, down -$0.13 from a prior closing price of $39.92. However, the script later closed the day at $40.43, up 1.28%. The company’s stock has a 5-day price change of 24.90% and 51.31% over the past three months. BMCH shares are trading 40.92% year to date (YTD), with the 12-month market performance up to 61.14% higher. It has a 12-month low price of $13.38 and touched a high of $42.33 over the same period. Currently, 2.28 million shares have been traded, compared to an average intraday trading volume of 566.65K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 21.01%, 41.86%, and 55.60% respectively.
Institutional ownership of BMC Stock Holdings Inc. (NASDAQ: BMCH) 67.02M shares outstanding. Mutual fund holders own 43.37%, while other institutional holders and individual stakeholders account for 59.90% and 21.92% respectively.
It has a market capitalization of $2.59B and a beta (3y monthly) value of 1.72. The stock’s trailing 12-month PE ratio is 22.85, while the earnings-per-share (ttm) stands at $1.77. The company has a PEG of 1.32 and a Quick Ratio of 1.70 with the debt-to-equity ratio at 0.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.43% over the week and 3.81% over the month.
Analysts forecast that BMC Stock Holdings Inc. (BMCH) will achieve an EPS of $0.61 for the current quarter, $0.43 for the next quarter and $2.42 for 2021. The lowest estimate earnings-per-share for the quarter is $0.56 while analysts give the company a high EPS estimate of $0.67. Comparatively, EPS for the current quarter was $0.58 a year ago. Earnings per share for the fiscal year are expected to decrease by -7.30%, and 11.73% over the next financial year. EPS should grow at an annualized rate of 17.29% over the next five years, compared to -7.40% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate BMC Stock Holdings Inc. (BMCH) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 4 of the 10 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the BMCH, a number of firms have released research notes about the stock. B. Riley FBR stated their Buy rating for the stock in a research note on August 05, 2020, with the firm’s price target at $37. Wedbush coverage for the BMC Stock Holdings Inc. (BMCH) stock in a research note released on August 04, 2020 offered a Outperform rating with a price target of $35. The Benchmark Company was of a view on June 18, 2020 that the stock is Buy, while Evercore ISI gave the stock In-line rating on June 05, 2020, issuing a price target of $28. B. Riley FBR on their part issued Neutral rating on March 17, 2020.