Builders FirstSource, Inc. (BLDR) Receives Consensus Rating of “Hold” from Brokerages
Shares of Builders FirstSource, Inc. (NASDAQ:BLDR) have been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $17.33.
A number of research firms recently weighed in on BLDR. Wedbush reaffirmed a “buy” rating and issued a $20.00 target price on shares of Builders FirstSource in a research report on Thursday, September 7th. 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 report on Wednesday, August 9th. Zacks Investment Research raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, FBR & Co reiterated a “buy” rating and issued a $20.00 price target on shares of Builders FirstSource in a research note on Tuesday, June 27th.
In other news, Director Cleveland A. Christophe sold 36,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $16.66, for a total transaction of $599,760.00. Following the completion of the sale, the director now owns 48,181 shares in the company, valued at approximately $802,695.46. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert C. Griffin sold 17,655 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $16.83, for a total transaction of $297,133.65. Following the sale, the director now owns 40,050 shares of the company’s stock, valued at approximately $674,041.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,645,368 shares of company stock valued at $220,735,138. 14.60% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. acquired a new stake in shares of Builders FirstSource during the 1st quarter worth about $108,000. SG Americas Securities LLC acquired a new stake in shares of Builders FirstSource during the 2nd quarter worth about $114,000. PNC Financial Services Group Inc. lifted its stake in shares of Builders FirstSource by 10,237.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock worth $131,000 after buying an additional 8,497 shares during the last quarter. Invictus RG acquired a new stake in shares of Builders FirstSource during the 1st quarter worth about $140,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Builders FirstSource by 68.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 9,511 shares of the company’s stock worth $143,000 after buying an additional 3,861 shares during the last quarter. Institutional investors own 85.48% of the company’s stock.
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Builders FirstSource (NASDAQ BLDR) traded down 0.55% during midday trading on Friday, hitting $16.22. 1,159,096 shares of the company traded hands. The stock’s 50-day moving average is $16.05 and its 200-day moving average is $15.30. The firm has a market capitalization of $1.83 billion, a PE ratio of 10.73 and a beta of 2.11. Builders FirstSource has a 12-month low of $9.04 and a 12-month high of $17.22.
Builders FirstSource (NASDAQ:BLDR) last released its earnings results on Thursday, August 3rd. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.83 billion. Builders FirstSource had a net margin of 2.60% and a return on equity of 43.83%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 earnings per share. Analysts anticipate that Builders FirstSource will post $1.12 EPS for the current fiscal year.
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.
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