Builders FirstSource, Inc. (NASDAQ:BLDR) – Analysts at Seaport Global Securities increased their FY2018 earnings estimates for Builders FirstSource in a research note issued on Monday, November 5th. Seaport Global Securities analyst M. Mccall now anticipates that the company will post earnings per share of $1.89 for the year, up from their prior forecast of $1.75. Seaport Global Securities also issued estimates for Builders FirstSource’s Q4 2018 earnings at $0.44 EPS and FY2020 earnings at $2.20 EPS.
Several other brokerages also recently commented on BLDR. Wedbush lifted their target price on shares of Builders FirstSource from $27.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, July 17th. Evercore ISI downgraded shares of Builders FirstSource from an “in-line” rating to an “underperform” rating and set a $14.00 target price on the stock. in a report on Monday, November 5th. DA Davidson started coverage on shares of Builders FirstSource in a report on Thursday, September 13th. They issued a “buy” rating and a $20.00 target price on the stock. Zacks Investment Research downgraded shares of Builders FirstSource from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Finally, Stifel Nicolaus restated a “buy” rating and set a $25.00 price objective (down previously from $28.00) on shares of Builders FirstSource in a report on Thursday, August 9th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. Builders FirstSource presently has a consensus rating of “Hold” and a consensus price target of $19.62.
Shares of BLDR opened at $12.83 on Thursday. The firm has a market capitalization of $1.59 billion, a P/E ratio of 10.10, a PEG ratio of 1.51 and a beta of 1.93. 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 2.09, a quick ratio of 1.12 and a debt-to-equity ratio of 3.39.
Builders FirstSource (NASDAQ:BLDR) last announced its earnings results on Thursday, November 1st. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.59 by $0.08. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.08 billion. Builders FirstSource had a net margin of 1.44% and a return on equity of 48.32%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 EPS.
In other Builders FirstSource news, Director David Barr bought 60,000 shares of the stock in a transaction that occurred on Friday, August 31st. The shares were acquired 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 in the company, valued at approximately $1,242,522.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cleveland A. Christophe sold 30,000 shares of the company’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $16.07, for a total transaction of $482,100.00. Following the completion of the sale, the director now directly owns 24,991 shares in the company, valued at approximately $401,605.37. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Affinity Investment Advisors LLC increased its stake in Builders FirstSource by 46.6% in the third quarter. Affinity Investment Advisors LLC now owns 30,729 shares of the company’s stock valued at $451,000 after acquiring an additional 9,774 shares during the period. Bank of New York Mellon Corp increased its stake in Builders FirstSource by 3.5% in the third quarter. Bank of New York Mellon Corp now owns 700,268 shares of the company’s stock valued at $10,279,000 after acquiring an additional 23,546 shares during the period. Janus Henderson Group PLC bought a new stake in Builders FirstSource in the third quarter valued at about $276,000. Thompson Siegel & Walmsley LLC increased its stake in Builders FirstSource by 22.0% in the third quarter. Thompson Siegel & Walmsley LLC now owns 55,400 shares of the company’s stock valued at $813,000 after acquiring an additional 10,000 shares during the period. Finally, Zeke Capital Advisors LLC bought a new stake in Builders FirstSource in the third quarter valued at about $262,000. 91.55% of the stock is currently owned by institutional investors and hedge funds.
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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