Several other research firms have also commented on BLDR. Seaport Global Securities restated a buy rating and issued a $26.00 price target on shares of Builders FirstSource in a report on Wednesday, January 3rd. ValuEngine upgraded shares of Builders FirstSource from a hold rating to a buy rating in a report on Sunday, December 31st. BidaskClub upgraded shares of Builders FirstSource from a buy rating to a strong-buy rating in a report on Wednesday, December 27th. Citigroup raised their price target on shares of Builders FirstSource from $18.00 to $20.00 and gave the company a neutral rating in a report on Friday, November 10th. Finally, Zacks Investment Research upgraded shares of Builders FirstSource from a sell rating to a hold rating in a research note on Monday, November 13th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of $21.25.
Builders FirstSource (BLDR) opened at $22.13 on Friday. Builders FirstSource has a 1-year low of $10.56 and a 1-year high of $22.90. 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 company has a market cap of $2,500.00, a P/E ratio of 29.12 and a beta of 2.15.
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 firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the firm posted $0.61 earnings per share. Builders FirstSource’s revenue for the quarter was up 7.6% compared to the same quarter last year. equities analysts expect that Builders FirstSource will post 1.03 EPS for the current fiscal year.
In other news, CFO Peter M. Jackson sold 12,500 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $20.51, for a total transaction of $256,375.00. Following the completion of the sale, the chief financial officer now owns 26,587 shares of the company’s stock, valued at $545,299.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Donald F. Mcaleenan sold 166,714 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $18.16, for a total transaction of $3,027,526.24. Following the sale, the senior vice president now directly owns 179,805 shares of the company’s stock, valued at approximately $3,265,258.80. The disclosure for this sale can be found here. Insiders have sold 377,598 shares of company stock worth $6,950,025 in the last quarter. Insiders own 14.60% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in BLDR. Eagle Asset Management Inc. grew its position in shares of Builders FirstSource by 30.9% during the third 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. Hodges Capital Management Inc. acquired a new stake in shares of Builders FirstSource during the third quarter worth approximately $12,170,000. Impala Asset Management LLC acquired a new stake in shares of Builders FirstSource during the second quarter worth approximately $9,498,000. BlackRock Inc. grew its position in shares of Builders FirstSource by 8.9% during the second quarter. BlackRock Inc. now owns 6,912,890 shares of the company’s stock worth $105,905,000 after buying an additional 563,694 shares in the last quarter. Finally, Formula Growth Ltd. grew its position in shares of Builders FirstSource by 41.9% during the second quarter. Formula Growth Ltd. now owns 1,633,585 shares of the company’s stock worth $25,027,000 after buying an additional 482,228 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.
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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