Builders FirstSource, Inc. (BLDR) Price Target Raised to $20.00

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.

Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

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