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BMC Stock Holdings, Inc. (BMCH) operates as lumber and building materials distributor and solutions provider in the United States.
Its primary products include structural components, such as floor trusses, 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, windows and doors comprising interior and exterior doors, windows, interior trim, custom millwork, moldings, stairs and stair parts, and cabinetry, among other products.
The company also sells other building products and services that consist of hardware, wood boards, gypsum, insulation, roofing, siding, and flooring; and offers design, product specification, installation, and installation management services. It serves large-scale production homebuilders, custom homebuilders, and repair and remodeling contractors. The company provides its products through a network of suppliers.
The company is benefiting from strong housing market. The Commerce Department said yesterday that housing starts rose nearly 5% in June to an annualized rate of 1.189 million, topping forecasts for 1.17 million. Shares have formed a bullish "cup and handle" and higher share prices are expected for the stock. Note that recently shares successfully tested their 50-day moving average, shown in green.
52-Weeks Trading Range: $16.62 - $19.99
Entry Point: $19.20
Stop Loss: $18.20
Target Price: $21.25
BMCH closed at $24.20.
