Builders FirstSource, Inc. (NASDAQ:BLDR) – Stock analysts at Wedbush issued their Q2 2017 EPS estimates for Builders FirstSource in a research note issued on Tuesday. Wedbush analyst J. Mccanless anticipates that the company will post earnings per share of $0.28 for the quarter. Wedbush currently has a “Outperform” rating and a $20.00 target price on the stock. Wedbush also issued estimates for Builders FirstSource’s Q3 2017 earnings at $0.43 EPS, Q4 2017 earnings at $0.21 EPS, FY2017 earnings at $0.95 EPS, Q1 2018 earnings at $0.13 EPS, Q2 2018 earnings at $0.46 EPS, Q3 2018 earnings at $0.53 EPS, Q4 2018 earnings at $0.31 EPS and FY2018 earnings at $1.43 EPS.

Other analysts also recently issued research reports about the company. Citigroup Inc raised their price target on Builders FirstSource from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, May 11th. Zacks Investment Research downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a report on Thursday, May 11th. Finally, FBR & Co reissued an “outperform” rating and issued a $20.00 price target (up previously from $15.00) on shares of Builders FirstSource in a report on Friday, March 10th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Builders FirstSource presently has an average rating of “Hold” and a consensus price target of $17.00.

Earnings History and Estimates for Builders FirstSource (NASDAQ:BLDR)

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Builders FirstSource (NASDAQ:BLDR) opened at 14.02 on Thursday. The firm has a 50-day moving average price of $15.24 and a 200 day moving average price of $12.85. The firm has a market capitalization of $1.58 billion, a P/E ratio of 9.80 and a beta of 2.30. Builders FirstSource has a 52-week low of $9.04 and a 52-week high of $16.50.

Builders FirstSource (NASDAQ:BLDR) last released its earnings results on Monday, May 8th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.06. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.49 billion. Builders FirstSource had a return on equity of 49.20% and a net margin of 2.03%. Builders FirstSource’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.13) EPS.

A number of hedge funds have recently bought and sold shares of BLDR. BlackRock Inc. boosted its stake in Builders FirstSource by 68,569.7% in the first quarter. BlackRock Inc. now owns 6,349,196 shares of the company’s stock valued at $94,602,000 after buying an additional 6,339,950 shares in the last quarter. Vanguard Group Inc. boosted its stake in Builders FirstSource by 21.7% in the first quarter. Vanguard Group Inc. now owns 5,914,387 shares of the company’s stock valued at $88,124,000 after buying an additional 1,053,799 shares in the last quarter. Ruane Cunniff & Goldfarb Inc. boosted its stake in Builders FirstSource by 25.0% in the fourth quarter. Ruane Cunniff & Goldfarb Inc. now owns 5,007,377 shares of the company’s stock valued at $54,931,000 after buying an additional 1,000,000 shares in the last quarter. Stelliam Investment Management LP boosted its stake in Builders FirstSource by 82.4% in the fourth quarter. Stelliam Investment Management LP now owns 3,325,000 shares of the company’s stock valued at $36,475,000 after buying an additional 1,502,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Builders FirstSource by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,019,193 shares of the company’s stock valued at $44,986,000 after buying an additional 71,261 shares in the last quarter. Hedge funds and other institutional investors own 80.91% of the company’s stock.

In related news, insider Morris E. Tolly sold 50,268 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $14.81, for a total value of $744,469.08. Following the sale, the insider now directly owns 126,205 shares in the company, valued at approximately $1,869,096.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul S. Levy sold 10,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $14.51, for a total value of $145,100,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,293,684 shares of company stock worth $149,505,344. 36.20% of the stock is owned by insiders.

About Builders FirstSource

Builders FirstSource, Inc is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors, remodelers and consumers. The Company’s operating segments include Northeast, Southeast, South and West. As of December 31, 2016, it operated at 400 locations in 40 states across the United States.

5 Day Chart for NASDAQ:BLDR

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