Barclays set a $21.00 price target on Builders FirstSource (NASDAQ:BLDR) in a report issued on Sunday, January 7th. The brokerage currently has a hold rating on the stock.
Several other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Builders FirstSource from a hold rating to a sell rating in a report on Monday, October 9th. B. Riley upped their price target on shares of Builders FirstSource from $20.00 to $24.00 and gave the stock a buy rating in a report on Friday, November 10th. SunTrust Banks reaffirmed a buy rating and issued a $20.00 price target on shares of Builders FirstSource in a report on Friday, November 10th. ValuEngine cut shares of Builders FirstSource from a strong-buy rating to a buy rating in a report on Friday, December 1st. Finally, Citigroup upped their target price on shares of Builders FirstSource from $18.00 to $20.00 and gave the stock a neutral rating in a research report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $22.50.
Shares of Builders FirstSource (NASDAQ:BLDR) traded up $0.33 during mid-day trading on Friday, reaching $22.79. 1,018,800 shares of the company’s stock were exchanged, compared to its average volume of 1,353,933. The company has a debt-to-equity ratio of 4.46, a current ratio of 1.86 and a quick ratio of 1.06. Builders FirstSource has a 1-year low of $10.56 and a 1-year high of $22.91. The company has a market cap of $2,570.00, a PE ratio of 29.99 and a beta of 2.15.
Builders FirstSource (NASDAQ:BLDR) last issued its earnings results on Wednesday, November 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the firm posted $0.61 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. analysts forecast that Builders FirstSource will post 1.03 EPS for the current fiscal year.
In other Builders FirstSource news, CFO Peter M. Jackson sold 12,500 shares of the company’s stock in a transaction dated 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 directly owns 26,587 shares in the company, valued at $545,299.37. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Donald F. Mcaleenan sold 166,714 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $18.16, for a total transaction of $3,027,526.24. Following the transaction, the senior vice president now directly owns 179,805 shares of the company’s stock, valued at $3,265,258.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 377,598 shares of company stock valued at $6,950,025. Company insiders own 14.60% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC bought a new position in Builders FirstSource in the third quarter worth about $110,000. SG Americas Securities LLC bought a new position in Builders FirstSource in the second quarter worth about $114,000. Ameritas Investment Partners Inc. raised its stake in Builders FirstSource by 17.3% in the second quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock worth $130,000 after buying an additional 1,253 shares in the last quarter. PNC Financial Services Group Inc. raised its stake 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 worth $131,000 after buying an additional 8,497 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new position in Builders FirstSource in the third quarter worth about $147,000. 94.48% of the stock is owned by institutional investors.
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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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