Builders FirstSource (NASDAQ:BLDR) received a $30.00 price target from equities research analysts at Wedbush in a report released on Friday. The firm currently has an “outperform” rating on the stock. Wedbush’s price objective points to a potential upside of 31.64% from the company’s current price. Wedbush also issued estimates for Builders FirstSource’s Q1 2019 earnings at $1.74 EPS.
BLDR has been the topic of several other reports. Barclays upped their price objective on shares of Builders FirstSource from $15.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, November 10th. ValuEngine raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. SunTrust Banks reaffirmed a “buy” rating and set a $20.00 price objective on shares of Builders FirstSource in a report on Friday, November 10th. Zacks Investment Research downgraded shares of Builders FirstSource from a “hold” rating to a “sell” rating in a report on Monday, October 9th. Finally, B. Riley upped their price objective on shares of Builders FirstSource from $20.00 to $24.00 and gave the company a “buy” rating in a report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Builders FirstSource presently has an average rating of “Buy” and an average target price of $22.50.
Builders FirstSource (NASDAQ:BLDR) traded up $0.33 during midday trading on Friday, reaching $22.79. 1,032,651 shares of the company’s stock traded hands, compared to its average volume of 1,370,000. The stock has a market capitalization of $2,570.00, a P/E ratio of 29.99 and a beta of 2.15. Builders FirstSource has a 1-year low of $10.56 and a 1-year high of $22.91. The company has a debt-to-equity ratio of 4.46, a quick ratio of 1.06 and a current ratio of 1.86.
In other news, SVP Donald F. Mcaleenan sold 166,714 shares of the company’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 sale, the senior vice president now directly 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 this link. Also, CFO Peter M. Jackson sold 12,500 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $20.51, for a total value of $256,375.00. Following the sale, the chief financial officer now owns 26,587 shares in the company, valued at $545,299.37. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 377,598 shares of company stock worth $6,950,025. Company insiders own 14.60% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. 1st Global Advisors Inc. increased its position in shares of Builders FirstSource by 1.0% during the second quarter. 1st Global Advisors Inc. now owns 13,694 shares of the company’s stock valued at $210,000 after buying an additional 137 shares during the period. Suntrust Banks Inc. increased its position in shares of Builders FirstSource by 1.9% during the second quarter. Suntrust Banks Inc. now owns 27,934 shares of the company’s stock valued at $427,000 after buying an additional 515 shares during the period. Wall Street Access Asset Management LLC increased its position in shares of Builders FirstSource by 5.0% during the second quarter. Wall Street Access Asset Management LLC now owns 16,800 shares of the company’s stock valued at $257,000 after buying an additional 800 shares during the period. Ameritas Investment Partners Inc. increased its position in shares of Builders FirstSource by 17.3% during the second quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock valued at $130,000 after buying an additional 1,253 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Builders FirstSource by 11.2% during the second quarter. Principal Financial Group Inc. now owns 21,546 shares of the company’s stock valued at $330,000 after buying an additional 2,166 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.
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.
