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.

Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

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