Builders FirstSource, Inc. (NASDAQ:BLDR) had its price target increased by Citigroup Inc. from $18.00 to $20.00 in a research report released on Friday. They currently have a neutral rating on the stock.
Other equities analysts also recently issued reports about the company. BidaskClub raised Builders FirstSource from a hold rating to a buy rating in a research report on Wednesday, July 19th. B. Riley upped their price target on Builders FirstSource from $20.00 to $24.00 and gave the stock a buy rating in a research report on Friday. Wedbush reaffirmed a buy rating and set a $20.00 price target on shares of Builders FirstSource in a research report on Thursday, September 7th. Deutsche Bank AG upped their price target on Builders FirstSource from $17.00 to $19.00 and gave the stock a buy rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research raised Builders FirstSource from a sell rating to a hold rating in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $19.50.
Shares of Builders FirstSource (NASDAQ BLDR) traded down $0.50 during trading hours on Friday, reaching $17.96. 1,662,800 shares of the company were exchanged, compared to its average volume of 1,198,959. The company has a market capitalization of $2,084.90, a P/E ratio of 17.92 and a beta of 2.14. Builders FirstSource has a 52 week low of $10.13 and a 52 week high of $18.82. The company has a quick ratio of 1.06, a current ratio of 1.86 and a debt-to-equity ratio of 4.46.
Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.87 billion. Builders FirstSource had a return on equity of 33.66% and a net margin of 1.29%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 earnings per share. equities analysts anticipate that Builders FirstSource will post 1.04 earnings per share for the current fiscal year.
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In other news, major shareholder Jll Partners Fund V. Lp sold 13,482,177 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $16.17, for a total transaction of $218,006,802.09. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert C. Griffin sold 17,655 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $16.83, for a total transaction of $297,133.65. Following the sale, the director now directly owns 40,050 shares in the company, valued at $674,041.50. The disclosure for this sale can be found here. Insiders have sold 13,645,368 shares of company stock worth $220,735,138 over the last three months. Corporate insiders own 14.60% of the company’s stock.
Large investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in Builders FirstSource in the second quarter valued at $114,000. Victory Capital Management Inc. purchased a new stake in Builders FirstSource in the third quarter valued at $147,000. Ameritas Investment Partners Inc. boosted its holdings in Builders FirstSource by 17.3% in the second quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock valued at $130,000 after purchasing an additional 1,253 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Builders FirstSource by 10,237.3% in the second quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock valued at $131,000 after purchasing an additional 8,497 shares during the last quarter. Finally, Wilen Investment Management CORP. purchased a new stake in Builders FirstSource in the second quarter valued at $150,000. 86.23% of the stock is currently owned by institutional investors.
About Builders FirstSource
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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