FY2017 EPS Estimates for Builders FirstSource, Inc. Reduced by Analyst (BLDR)
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.
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