Builders FirstSource, Inc. (NASDAQ:BLDR) – Stock analysts at SunTrust Banks decreased their FY2017 earnings estimates for shares of Builders FirstSource in a research report issued to clients and investors on Monday. SunTrust Banks analyst K. Hughes now expects that the company will post earnings per share of $1.10 for the year, down from their prior estimate of $1.14.

A number of other research firms also recently commented on BLDR. Zacks Investment Research downgraded Builders FirstSource from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. BidaskClub cut Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Deutsche Bank AG increased their target price on shares of Builders FirstSource from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. FBR & Co reissued a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a research report on Tuesday, June 27th. Finally, Wedbush reissued a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a research report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Builders FirstSource currently has an average rating of “Hold” and an average price target of $17.29.

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Builders FirstSource (BLDR) opened at 18.01 on Wednesday. The stock has a market capitalization of $2.03 billion, a PE ratio of 11.92 and a beta of 2.09. Builders FirstSource has a one year low of $9.04 and a one year high of $18.08. The company’s 50-day moving average price is $16.45 and its 200-day moving average price is $15.50.

Builders FirstSource (NASDAQ:BLDR) last posted its earnings results on Thursday, August 3rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.03. Builders FirstSource had a return on equity of 43.83% and a net margin of 2.60%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the company earned $0.31 EPS. Builders FirstSource’s revenue was up 9.9% on a year-over-year basis.

Several hedge funds have recently bought and sold shares of BLDR. Alps Advisors Inc. raised its holdings in shares of Builders FirstSource by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 31,670 shares of the company’s stock valued at $485,000 after buying an additional 82 shares during the period. 1st Global Advisors Inc. lifted its position in Builders FirstSource by 1.0% during the 2nd 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. Suntrust Banks Inc. lifted its position in Builders FirstSource by 1.9% during the 2nd quarter. Suntrust Banks Inc. now owns 27,934 shares of the company’s stock worth $427,000 after acquiring an additional 515 shares in the last quarter. Wall Street Access Asset Management LLC lifted its position in Builders FirstSource by 5.0% during the 2nd quarter. Wall Street Access Asset Management LLC now owns 16,800 shares of the company’s stock worth $257,000 after acquiring an additional 800 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its position in Builders FirstSource by 17.3% during the 2nd 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. Institutional investors and hedge funds own 85.44% of the company’s stock.

In other Builders FirstSource news, major shareholder Jll Partners Fund V. Lp sold 13,482,177 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $16.17, for a total transaction of $218,006,802.09. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Paul S. Levy acquired 800,000 shares of Builders FirstSource stock in a transaction on Wednesday, September 6th. The shares were bought at an average price of $16.17 per share, for a total transaction of $12,936,000.00. The disclosure for this purchase can be found here. Insiders sold 13,645,368 shares of company stock worth $220,735,138 over the last three months. 14.60% of the stock is currently owned by corporate insiders.

Builders FirstSource Company Profile

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.

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

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