BidaskClub cut shares of Builders FirstSource (NASDAQ:BLDR) from a strong-buy rating to a buy rating in a research report sent to investors on Thursday, January 11th.
Other equities analysts also recently issued research reports about the stock. B. Riley reissued a buy rating on shares of Builders FirstSource in a report on Wednesday, November 1st. Zacks Investment Research upgraded Builders FirstSource from a sell rating to a hold rating in a research note on Monday, November 13th. ValuEngine upgraded Builders FirstSource from a hold rating to a buy rating in a research note on Sunday, December 31st. Barclays increased their price target on Builders FirstSource from $15.00 to $17.00 and gave the stock an equal weight rating in a research report on Friday, November 10th. Finally, Seaport Global Securities restated a buy rating and set a $26.00 price target on shares of Builders FirstSource in a research report on Wednesday, January 3rd. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $23.41.
Shares of Builders FirstSource (NASDAQ:BLDR) traded up $0.40 during midday trading on Thursday, reaching $20.32. 766,910 shares of the company traded hands, compared to its average volume of 1,279,970. 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 12 month low of $11.42 and a 12 month high of $23.28. The company has a market capitalization of $2,351.44, a price-to-earnings ratio of 26.34 and a beta of 2.01.
In other Builders FirstSource news, SVP Donald F. Mcaleenan sold 166,714 shares of the company’s stock in a transaction 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 transaction, the senior vice president now owns 179,805 shares of the company’s stock, valued at approximately $3,265,258.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider M Chad Crow sold 158,384 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $18.24, for a total value of $2,888,924.16. Following the transaction, the insider now directly owns 446,248 shares in the company, valued at approximately $8,139,563.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 377,598 shares of company stock worth $6,950,025. Company insiders own 14.60% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new stake in Builders FirstSource in the 3rd quarter valued at about $110,000. SG Americas Securities LLC acquired a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $114,000. Ameritas Investment Partners Inc. grew its stake in shares of Builders FirstSource by 17.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock worth $130,000 after purchasing an additional 1,253 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Builders FirstSource by 10,237.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock worth $131,000 after purchasing an additional 8,497 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in shares of Builders FirstSource during the 3rd quarter worth approximately $147,000. 96.73% of the stock is currently 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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