Builders FirstSource, Inc. (NASDAQ:BLDR)‘s stock had its “buy” rating reaffirmed by stock analysts at Wedbush in a research report issued to clients and investors on Thursday. They presently have a $20.00 price target on the stock. Wedbush’s target price would indicate a potential upside of 19.40% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. BidaskClub raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Citigroup Inc. raised their target price on shares of Builders FirstSource from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, May 11th. FBR & Co reaffirmed a “buy” rating and issued a $20.00 target price on shares of Builders FirstSource in a research note on Tuesday, June 27th. Finally, Deutsche Bank AG raised their target price on shares of Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $17.29.

Shares of Builders FirstSource (NASDAQ BLDR) traded down 0.36% on Thursday, reaching $16.71. The company had a trading volume of 7,036,944 shares. The firm has a market capitalization of $1.88 billion, a P/E ratio of 11.06 and a beta of 2.11. The company’s 50-day moving average price is $15.88 and its 200 day moving average price is $15.13. Builders FirstSource has a 52 week low of $9.04 and a 52 week high of $17.22.

Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.83 billion. Builders FirstSource had a net margin of 2.60% and a return on equity of 43.83%. Builders FirstSource’s revenue was up 9.9% compared to the same quarter last year. During the same period last year, the business earned $0.31 earnings per share. On average, analysts expect that Builders FirstSource will post $1.12 EPS for the current year.

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In related news, CEO Floyd F. Sherman sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $14.91, for a total value of $521,850.00. Following the sale, the chief executive officer now directly owns 633,635 shares of the company’s stock, valued at $9,447,497.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 14.60% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in BLDR. Mesirow Financial Investment Management Inc. purchased a new position in shares of Builders FirstSource during the second quarter worth approximately $465,000. 1st Global Advisors Inc. raised its stake in shares of Builders FirstSource by 1.0% during the second quarter. 1st Global Advisors Inc. now owns 13,694 shares of the company’s stock worth $210,000 after acquiring an additional 137 shares in the last quarter. Schneider Capital Management Corp raised its stake in shares of Builders FirstSource by 3.7% during the second quarter. Schneider Capital Management Corp now owns 280,661 shares of the company’s stock worth $4,300,000 after acquiring an additional 10,000 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Builders FirstSource by 17.3% during the second quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock worth $130,000 after acquiring an additional 1,253 shares in the last quarter. Finally, Castleark Management LLC raised its stake in shares of Builders FirstSource by 6.9% during the second quarter. Castleark Management LLC now owns 611,367 shares of the company’s stock worth $9,366,000 after acquiring an additional 39,687 shares in the last quarter. 85.48% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

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