Builders FirstSource Inc. Reaches New 12-Month High at $8.04 (BLDR)
Shares of Builders FirstSource (NASDAQ:BLDR) hit a new 52-week high during mid-day trading on Thursday, Analyst Ratings News reports. The stock traded as high as $8.04 and last traded at $8.01, with a volume of 378,418 shares trading hands. The stock had previously closed at $7.73.
A number of research firms have recently commented on BLDR. Analysts at Zacks downgraded shares of Builders FirstSource from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 31st. They now have a $8.40 price target on the stock. Separately, analysts at Williams Capital raised their price target on shares of Builders FirstSource from $8.00 to $9.00 in a research note to investors on Wednesday, October 30th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Builders FirstSource currently has an average rating of “Buy” and an average target price of $8.48.
In other Builders FirstSource news, major shareholder Stadium Capital Partners P unloaded 49,135 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $7.81, for a total transaction of $383,744.35. Following the completion of the sale, the insider now directly owns 11,919,160 shares in the company, valued at approximately $93,088,640. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Builders FirstSource has a 52-week low of $5.00 and a 52-week high of $8.04. The stock has a 50-day moving average of $7.15 and a 200-day moving average of $6.47. The company’s market cap is $774.9 million.
Builders FirstSource (NASDAQ:BLDR) last announced its earnings results on Thursday, October 24th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.03 by $0.06. The company had revenue of $402.90 million for the quarter, compared to the consensus estimate of $418.20 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. The company’s quarterly revenue was up 38.1% on a year-over-year basis. On average, analysts predict that Builders FirstSource will post $0.05 earnings per share for the current fiscal year.
Builders FirstSource, Inc is a supplier and manufacturer of structural and related building products for residential new construction.
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