BidaskClub upgraded shares of Builders FirstSource (NASDAQ:BLDR) from a sell rating to a hold rating in a research report released on Saturday.
Several other research analysts also recently commented on the company. Stifel Nicolaus raised their price objective on Builders FirstSource from $23.00 to $26.50 and gave the stock a buy rating in a report on Monday, January 22nd. Stephens restated a buy rating and set a $27.00 price objective on shares of Builders FirstSource in a report on Wednesday, January 17th. Wedbush set a $30.00 price objective on Builders FirstSource and gave the stock an outperform rating in a report on Friday, January 12th. ValuEngine upgraded Builders FirstSource from a hold rating to a buy rating in a report on Sunday, December 31st. Finally, Seaport Global Securities restated a buy rating and set a $26.00 price objective on shares of Builders FirstSource in a report on Wednesday, January 3rd. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $23.41.
BLDR opened at $19.32 on Friday. The firm has a market cap of $2,248.17, a price-to-earnings ratio of 15.21 and a beta of 2.05. Builders FirstSource has a 52 week low of $13.33 and a 52 week high of $23.28. The company has a current ratio of 1.75, a quick ratio of 0.99 and a debt-to-equity ratio of 4.71.
Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.17 by $0.23. The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.70 billion. Builders FirstSource had a return on equity of 39.79% and a net margin of 0.55%. Builders FirstSource’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the business posted $0.16 EPS. equities research analysts forecast that Builders FirstSource will post 1.76 EPS for the current fiscal year.
In other Builders FirstSource news, Director Floyd F. Sherman sold 100,000 shares of the stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $21.24, for a total transaction of $2,124,000.00. Following the sale, the director now owns 481,834 shares of the company’s stock, valued at approximately $10,234,154.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Morris E. Tolly sold 50,000 shares of the stock in a transaction on Monday, March 5th. The shares were sold at an average price of $21.25, for a total value of $1,062,500.00. Following the sale, the chief operating officer now directly owns 128,344 shares in the company, valued at approximately $2,727,310. The disclosure for this sale can be found here. Insiders have sold a total of 409,650 shares of company stock worth $8,790,722 in the last ninety days. Insiders own 14.60% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC bought a new stake in Builders FirstSource during the 3rd quarter valued at $110,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Builders FirstSource by 58.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,462 shares of the company’s stock valued at $163,000 after acquiring an additional 2,766 shares in the last quarter. Tocqueville Asset Management L.P. bought a new stake in Builders FirstSource during the 4th quarter valued at $207,000. Paloma Partners Management Co acquired a new stake in shares of Builders FirstSource in the 4th quarter worth $226,000. Finally, Meeder Asset Management Inc. boosted its position in shares of Builders FirstSource by 372.6% in the 4th quarter. Meeder Asset Management Inc. now owns 11,040 shares of the company’s stock worth $240,000 after purchasing an additional 8,704 shares in the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.
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About Builders FirstSource
Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.
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