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.
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.
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