Builders FirstSource’s (BLDR) Buy Rating Reiterated at Seaport Global Securities

Builders FirstSource (NASDAQ:BLDR)‘s stock had its “buy” rating reissued by stock analysts at Seaport Global Securities in a research report issued to clients and investors on Wednesday. They currently have a $26.00 price target on the stock. Seaport Global Securities’ price target would indicate a potential upside of 18.18% from the stock’s current price.

A number of other equities research analysts have also issued reports on BLDR. Wedbush reiterated a “buy” rating and issued a $20.00 price target on shares of Builders FirstSource in a research note on Thursday, September 7th. Zacks Investment Research lowered Builders FirstSource from a “hold” rating to a “sell” rating in a research note on Monday, October 9th. B. Riley reiterated a “buy” rating on shares of Builders FirstSource in a research note on Wednesday, November 1st. Citigroup increased their price target on Builders FirstSource from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, November 10th. Finally, Barclays increased their price target on Builders FirstSource from $15.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Friday, November 10th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $20.75.

Builders FirstSource (NASDAQ BLDR) traded up $0.21 during trading hours on Wednesday, hitting $22.00. The stock had a trading volume of 2,403,000 shares, compared to its average volume of 1,807,450. The company has a debt-to-equity ratio of 4.46, a current ratio of 1.86 and a quick ratio of 1.06. The stock has a market cap of $2,530.00, a price-to-earnings ratio of 28.95 and a beta of 2.15. Builders FirstSource has a 52-week low of $10.56 and a 52-week high of $22.08.

Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Builders FirstSource had a return on equity of 33.66% and a net margin of 1.29%. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the business posted $0.61 EPS. Builders FirstSource’s revenue was up 7.6% on a year-over-year basis. research analysts anticipate that Builders FirstSource will post 1.03 earnings per share for the current year.

In other news, SVP Donald F. Mcaleenan sold 166,714 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $18.16, for a total transaction of $3,027,526.24. Following the completion of the transaction, the senior vice president now owns 179,805 shares in the company, valued at $3,265,258.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Floyd F. Sherman sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $19.43, for a total value of $777,200.00. Following the transaction, the chief executive officer now owns 623,635 shares of the company’s stock, valued at approximately $12,117,228.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 377,598 shares of company stock valued at $6,950,025. Company insiders own 14.60% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Rubric Capital Management LP lifted its holdings in shares of Builders FirstSource by 99.4% in the 3rd quarter. Rubric Capital Management LP now owns 589,230 shares of the company’s stock valued at $10,600,000 after acquiring an additional 293,694 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in shares of Builders FirstSource by 157.1% in the 3rd quarter. GSA Capital Partners LLP now owns 41,320 shares of the company’s stock valued at $743,000 after acquiring an additional 25,250 shares during the last quarter. FrontFour Capital Group LLC lifted its holdings in shares of Builders FirstSource by 1.6% in the 3rd quarter. FrontFour Capital Group LLC now owns 560,923 shares of the company’s stock valued at $10,091,000 after acquiring an additional 9,049 shares during the last quarter. Insight Capital Research & Management Inc. bought a new position in shares of Builders FirstSource in the 3rd quarter valued at about $1,389,000. Finally, Piedmont Investment Advisors LLC bought a new position in shares of Builders FirstSource in the 3rd quarter valued at about $659,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

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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.

Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

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