Builders FirstSource, Inc. (BLDR) Stock Rating Reaffirmed by SunTrust Banks, Inc.

Builders FirstSource, Inc. (NASDAQ:BLDR)‘s stock had its “buy” rating reiterated by SunTrust Banks, Inc. in a research report issued to clients and investors on Friday. They currently have a $20.00 price objective on the stock. SunTrust Banks, Inc.’s price target would indicate a potential upside of 8.34% from the company’s current price. SunTrust Banks also issued estimates for Builders FirstSource’s Q4 2017 earnings at $0.19 EPS, FY2017 earnings at $1.06 EPS, Q1 2018 earnings at $0.15 EPS, Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.59 EPS, Q4 2018 earnings at $0.31 EPS and FY2018 earnings at $1.53 EPS.

Several other brokerages also recently commented on BLDR. BidaskClub downgraded Builders FirstSource from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. Deutsche Bank AG increased 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. Citigroup Inc. increased their price target on Builders FirstSource from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday. B. Riley reissued a “buy” rating on shares of Builders FirstSource in a research report on Wednesday, November 1st. Finally, Wedbush reissued a “buy” rating and set a $20.00 price target on shares of Builders FirstSource in a research report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $19.50.

Builders FirstSource (BLDR) opened at $18.46 on Friday. The company has a market capitalization of $2,074.17, a price-to-earnings ratio of 17.83 and a beta of 2.14. The company has a debt-to-equity ratio of 5.14, a current ratio of 1.80 and a quick ratio of 1.01. Builders FirstSource has a 12-month low of $10.07 and a 12-month high of $18.82.

Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings data 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. The company 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 35.63% and a net margin of 1.29%. Builders FirstSource’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.61 EPS. equities research analysts expect that Builders FirstSource will post 1.09 earnings per share for the current fiscal year.

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In related news, Director Robert C. Griffin sold 17,655 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $16.83, for a total transaction of $297,133.65. Following the completion of the sale, the director now directly owns 40,050 shares in the company, valued at approximately $674,041.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Jll Partners Fund V. Lp sold 13,482,177 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $16.17, for a total value of $218,006,802.09. The disclosure for this sale can be found here. Insiders have sold a total of 13,645,368 shares of company stock valued at $220,735,138 over the last 90 days. 14.60% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its stake in shares of Builders FirstSource by 8.9% during the 2nd quarter. BlackRock Inc. now owns 6,912,890 shares of the company’s stock worth $105,905,000 after purchasing an additional 563,694 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Builders FirstSource by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,034,263 shares of the company’s stock worth $92,445,000 after purchasing an additional 119,876 shares during the last quarter. Eagle Asset Management Inc. raised its stake in Builders FirstSource by 30.9% in the third quarter. Eagle Asset Management Inc. now owns 4,224,149 shares of the company’s stock valued at $74,936,000 after buying an additional 997,132 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Builders FirstSource by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,193,970 shares of the company’s stock valued at $48,931,000 after buying an additional 174,777 shares during the last quarter. Finally, Balyasny Asset Management LLC raised its stake in Builders FirstSource by 3.3% in the second quarter. Balyasny Asset Management LLC now owns 1,934,926 shares of the company’s stock valued at $29,643,000 after buying an additional 61,899 shares during the last quarter. Hedge funds and other institutional investors own 84.92% of the company’s stock.

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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