Barclays set a $16.00 price target on Builders FirstSource (NASDAQ:BLDR) in a report released on Monday. The brokerage currently has a hold rating on the stock.
BLDR has been the subject of several other reports. DA Davidson started coverage on Builders FirstSource in a research report on Thursday, September 13th. They issued a buy rating and a $20.00 price objective for the company. BidaskClub cut Builders FirstSource from a sell rating to a strong sell rating in a research report on Tuesday, September 25th. Deutsche Bank reduced their price objective on Builders FirstSource from $25.00 to $23.00 and set a buy rating for the company in a research report on Monday, August 20th. ValuEngine cut Builders FirstSource from a sell rating to a strong sell rating in a research report on Friday, September 21st. Finally, Wedbush set a $20.00 price objective on Builders FirstSource and gave the company a buy rating in a research report on Tuesday, October 2nd. Four analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. Builders FirstSource has a consensus rating of Hold and an average price target of $19.62.
Shares of BLDR traded up $0.09 during mid-day trading on Monday, hitting $13.79. The company’s stock had a trading volume of 29,138 shares, compared to its average volume of 1,901,326. Builders FirstSource has a one year low of $11.60 and a one year high of $23.28. The company has a current ratio of 2.04, a quick ratio of 1.12 and a debt-to-equity ratio of 4.23. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 10.83, a P/E/G ratio of 1.64 and a beta of 1.93.
Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.08. Builders FirstSource had a return on equity of 51.99% and a net margin of 1.44%. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the prior year, the business earned $0.39 earnings per share. Builders FirstSource’s revenue for the quarter was up 12.7% compared to the same quarter last year. Equities analysts predict that Builders FirstSource will post 1.77 EPS for the current year.
In other news, Director Paul S. Levy bought 100,000 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The stock was acquired at an average cost of $15.98 per share, for a total transaction of $1,598,000.00. Following the completion of the purchase, the director now owns 1,117,984 shares of the company’s stock, valued at approximately $17,865,384.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Barr bought 60,000 shares of the business’s stock in a transaction that occurred on Friday, August 31st. The stock was purchased at an average price of $15.63 per share, with a total value of $937,800.00. Following the completion of the purchase, the director now directly owns 79,496 shares of the company’s stock, valued at approximately $1,242,522.48. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. raised its stake in Builders FirstSource by 7.4% during the first quarter. Principal Financial Group Inc. now owns 81,790 shares of the company’s stock worth $1,623,000 after acquiring an additional 5,610 shares in the last quarter. UBS Group AG raised its stake in Builders FirstSource by 58.9% during the first quarter. UBS Group AG now owns 25,995 shares of the company’s stock worth $516,000 after acquiring an additional 9,637 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in Builders FirstSource by 109.5% during the first quarter. Cubist Systematic Strategies LLC now owns 13,123 shares of the company’s stock worth $260,000 after acquiring an additional 6,858 shares in the last quarter. Royal Bank of Canada raised its stake in Builders FirstSource by 140.2% during the first quarter. Royal Bank of Canada now owns 10,965 shares of the company’s stock worth $218,000 after acquiring an additional 6,401 shares in the last quarter. Finally, Xact Kapitalforvaltning AB raised its stake in Builders FirstSource by 61.2% during the first quarter. Xact Kapitalforvaltning AB now owns 17,904 shares of the company’s stock worth $355,000 after acquiring an additional 6,800 shares in the last quarter. Institutional investors and hedge funds own 91.55% of the company’s stock.
Builders FirstSource Company Profile
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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