Builders FirstSource Inc. (NASDAQ:BLDR) Receives Consensus Recommendation of “Buy” from Analysts
Builders FirstSource Inc. (NASDAQ:BLDR) has been given an average rating of “Buy” by the eight ratings firms that are presently covering the firm. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $15.40.
BLDR has been the topic of several recent research reports. Credit Suisse Group AG reissued a “hold” rating on shares of Builders FirstSource in a research note on Tuesday, June 28th. Zacks Investment Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Monday, July 18th. Citigroup Inc. upped their price target on shares of Builders FirstSource from $12.00 to $14.00 and gave the stock a “neutral” rating in a research note on Monday, August 8th. Finally, Wedbush reaffirmed an “outperform” rating and set a $18.00 price target on shares of Builders FirstSource in a research note on Tuesday, September 6th.
Builders FirstSource (NASDAQ:BLDR) traded down 3.74% during trading on Friday, hitting $11.32. 267,506 shares of the stock traded hands. The stock’s market cap is $1.25 billion. Builders FirstSource has a 52-week low of $6.50 and a 52-week high of $15.72. The company’s 50 day moving average price is $12.44 and its 200-day moving average price is $11.96.
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Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.05. The firm earned $1.70 billion during the quarter, compared to analyst estimates of $1.72 billion. Builders FirstSource had a negative net margin of 0.12% and a positive return on equity of 38.21%. The business’s quarterly revenue was up 263.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 earnings per share. Equities research analysts forecast that Builders FirstSource will post $0.80 earnings per share for the current fiscal year.
In other Builders FirstSource news, insider Morris E. Tolly sold 50,000 shares of the company’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $12.43, for a total value of $621,500.00. Following the transaction, the insider now directly owns 216,890 shares in the company, valued at approximately $2,695,942.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Donald F. Mcaleenan sold 70,000 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $12.56, for a total transaction of $879,200.00. Following the completion of the transaction, the senior vice president now owns 373,238 shares in the company, valued at $4,687,869.28. The disclosure for this sale can be found here. 36.20% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BLDR. Mesirow Financial Investment Management US Value Equity raised its position in Builders FirstSource by 16.7% in the first quarter. Mesirow Financial Investment Management US Value Equity now owns 201,180 shares of the company’s stock worth $2,267,000 after buying an additional 28,795 shares during the period. Royce & Associates LP raised its position in Builders FirstSource by 115.4% in the first quarter. Royce & Associates LP now owns 584,667 shares of the company’s stock worth $6,589,000 after buying an additional 313,200 shares during the period. Menta Capital LLC raised its position in Builders FirstSource by 26.2% in the first quarter. Menta Capital LLC now owns 69,400 shares of the company’s stock worth $782,000 after buying an additional 14,400 shares during the period. Stadium Capital Management LLC raised its position in Builders FirstSource by 77.1% in the first quarter. Stadium Capital Management LLC now owns 8,577,599 shares of the company’s stock worth $96,670,000 after buying an additional 3,733,665 shares during the period. Finally, Cupps Capital Management LLC purchased a new position in Builders FirstSource during the first quarter worth about $2,668,000. Institutional investors own 83.04% of the company’s stock.
About Builders FirstSource
Builders FirstSource, Inc is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors and consumers. The Company’s operating segments include Northeast, Southeast, South and West. It offers solution to its customers providing manufacturing, supply and installation of a range of structural and related building products.
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