Builders FirstSource (NASDAQ:BLDR)‘s stock had its “buy” rating reiterated by stock analysts at Stephens in a note issued to investors on Wednesday. They presently have a $27.00 price objective on the stock. Stephens’ price target indicates a potential upside of 19.47% from the stock’s previous close.
A number of other equities analysts have also recently weighed in on BLDR. B. Riley reaffirmed a “buy” rating on shares of Builders FirstSource in a report on Wednesday, November 1st. Wedbush set a $30.00 price target on Builders FirstSource and gave the stock an “outperform” rating in a report on Friday, January 12th. BidaskClub cut Builders FirstSource from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 11th. Barclays set a $21.00 price target on Builders FirstSource and gave the stock a “hold” rating in a report on Sunday, January 7th. Finally, Seaport Global Securities reaffirmed a “buy” rating and issued a $26.00 price target on shares of Builders FirstSource in a report on Wednesday, January 3rd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Builders FirstSource currently has a consensus rating of “Buy” and an average price target of $23.00.
Shares of Builders FirstSource (BLDR) traded down $0.19 during mid-day trading on Wednesday, hitting $22.60. The stock had a trading volume of 1,067,300 shares, compared to its average volume of 1,305,275. The firm has a market cap of $2,530.00, a PE ratio of 29.74 and a beta of 2.15. The company has a current ratio of 1.86, a quick ratio of 1.06 and a debt-to-equity ratio of 4.46. Builders FirstSource has a fifty-two week low of $10.56 and a fifty-two week high of $23.15.
Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Builders FirstSource had a return on equity of 33.66% and a net margin of 1.29%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 EPS. research analysts expect that Builders FirstSource will post 1.03 EPS for the current year.
In other Builders FirstSource news, SVP Donald F. Mcaleenan sold 166,714 shares of the business’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 completion of the sale, the senior vice president now directly owns 179,805 shares in the company, valued at approximately $3,265,258.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Peter M. Jackson sold 12,500 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $20.51, for a total value of $256,375.00. Following the sale, the chief financial officer now owns 26,587 shares of the company’s stock, valued at $545,299.37. The disclosure for this sale can be found here. Insiders sold a total of 377,598 shares of company stock valued at $6,950,025 in the last ninety days. 14.60% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of BLDR. Cubist Systematic Strategies LLC purchased a new stake in Builders FirstSource during the 3rd quarter worth approximately $110,000. SG Americas Securities LLC purchased a new stake in shares of Builders FirstSource in the second quarter valued at approximately $114,000. Ameritas Investment Partners Inc. grew its position in shares of 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 in the last quarter. PNC Financial Services Group Inc. grew its position in shares of 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 in the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in shares of Builders FirstSource in the third quarter valued at approximately $147,000. Institutional investors own 94.48% of the company’s stock.
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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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