Builders FirstSource, Inc. (NASDAQ:BLDR) had its price objective hoisted by Barclays PLC from $15.00 to $17.00 in a report published on Friday morning. They currently have an equal weight rating on the stock.
Several other research analysts have also commented on BLDR. BidaskClub raised shares of Builders FirstSource from a hold rating to a buy rating in a report on Wednesday, July 19th. Zacks Investment Research raised shares of Builders FirstSource from a sell rating to a hold rating in a report on Tuesday, August 1st. Deutsche Bank AG lifted their price objective on shares of Builders FirstSource from $17.00 to $19.00 and gave the company a buy rating in a research report on Wednesday, August 9th. Wedbush reiterated a buy rating and issued a $20.00 price objective on shares of Builders FirstSource in a research report on Thursday, September 7th. Finally, B. Riley reiterated a buy rating on shares of Builders FirstSource in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target of $19.50.
Builders FirstSource (NASDAQ BLDR) traded down $0.50 during midday trading on Friday, hitting $17.96. 1,662,800 shares of the stock traded hands, compared to its average volume of 1,198,959. Builders FirstSource has a 1-year low of $10.13 and a 1-year high of $18.82. The company has a debt-to-equity ratio of 4.46, a current ratio of 1.86 and a quick ratio of 1.06. The firm has a market cap of $2,084.90, a price-to-earnings ratio of 17.92 and a beta of 2.14.
Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. Builders FirstSource had a net margin of 1.29% and a return on equity of 33.66%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the business posted $0.61 EPS. The company’s quarterly revenue was up 7.6% on a year-over-year basis. equities research analysts expect that Builders FirstSource will post 1.04 earnings per share for the current year.
In other Builders FirstSource news, CEO Floyd F. Sherman sold 109,536 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $16.72, for a total transaction of $1,831,441.92. Following the sale, the chief executive officer now directly owns 773,171 shares in the company, valued at approximately $12,927,419.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert C. Griffin sold 17,655 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $16.83, for a total transaction of $297,133.65. Following the sale, the director now owns 40,050 shares in the company, valued at $674,041.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,645,368 shares of company stock worth $220,735,138. 14.60% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in BLDR. BlackRock Inc. raised its position in shares of Builders FirstSource by 68,569.7% during the 1st quarter. BlackRock Inc. now owns 6,349,196 shares of the company’s stock worth $94,602,000 after buying an additional 6,339,950 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Builders FirstSource by 21.7% during the 1st quarter. Vanguard Group Inc. now owns 5,914,387 shares of the company’s stock worth $88,124,000 after buying an additional 1,053,799 shares in the last quarter. Eagle Asset Management Inc. raised its position in shares of Builders FirstSource by 30.9% during the 3rd quarter. Eagle Asset Management Inc. now owns 4,224,149 shares of the company’s stock worth $74,936,000 after buying an additional 997,132 shares in the last quarter. Morgan Stanley raised its position in shares of Builders FirstSource by 185.2% during the 1st quarter. Morgan Stanley now owns 1,122,932 shares of the company’s stock worth $16,732,000 after buying an additional 729,178 shares in the last quarter. Finally, Hodges Capital Management Inc. bought a new stake in shares of Builders FirstSource during the 3rd quarter worth about $12,170,000. Institutional investors own 86.23% of the company’s stock.
Builders FirstSource Company Profile
Builders FirstSource, Inc is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors, remodelers and consumers. The Company’s operating segments include Northeast, Southeast, South and West. As of December 31, 2016, it operated at 400 locations in 40 states across the United States.
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