Builders FirstSource, Inc. (NASDAQ:BLDR) – Equities researchers at Wedbush issued their Q1 2019 earnings per share (EPS) estimates for Builders FirstSource in a research report issued to clients and investors on Friday. Wedbush analyst J. Mccanless forecasts that the company will post earnings per share of $1.74 for the quarter. Wedbush currently has a “Outperform” rating and a $30.00 target price on the stock.

A number of other brokerages also recently issued reports on BLDR. BidaskClub raised Builders FirstSource from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 27th. Seaport Global Securities reaffirmed a “buy” rating and issued a $26.00 target price on shares of Builders FirstSource in a research note on Wednesday, January 3rd. Citigroup raised their target price on Builders FirstSource from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, November 10th. B. Riley reaffirmed a “buy” rating on shares of Builders FirstSource in a research note on Wednesday, November 1st. Finally, Barclays set a $21.00 target price on Builders FirstSource and gave the stock a “hold” rating in a research note on Sunday, January 7th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Builders FirstSource presently has a consensus rating of “Buy” and an average price target of $22.50.

Shares of Builders FirstSource (NASDAQ:BLDR) traded up $0.33 on Monday, hitting $22.79. The company’s stock had a trading volume of 1,032,600 shares, compared to its average volume of 1,353,933. Builders FirstSource has a twelve month low of $10.56 and a twelve month high of $22.91. The firm has a market cap of $2,570.00, a P/E ratio of 29.99 and a beta of 2.15. The company has a quick ratio of 1.06, a current ratio of 1.86 and a debt-to-equity ratio of 4.46.

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

In related news, insider M Chad Crow sold 158,384 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $18.24, for a total transaction of $2,888,924.16. Following the completion of the sale, the insider now directly owns 446,248 shares of the company’s stock, valued at approximately $8,139,563.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Peter M. Jackson sold 12,500 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $20.51, for a total value of $256,375.00. Following the sale, the chief financial officer now directly owns 26,587 shares of the company’s stock, valued at $545,299.37. The disclosure for this sale can be found here. Insiders have sold a total of 377,598 shares of company stock valued at $6,950,025 over the last three months. Corporate insiders own 14.60% of the company’s stock.

Large investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC acquired a new stake in shares of Builders FirstSource during the 3rd quarter worth about $110,000. SG Americas Securities LLC acquired a new position in Builders FirstSource in the 2nd quarter valued at about $114,000. Victory Capital Management Inc. acquired a new position in Builders FirstSource in the 3rd quarter valued at about $147,000. Ameritas Investment Partners Inc. grew its position in Builders FirstSource by 17.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock valued at $130,000 after acquiring an additional 1,253 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Builders FirstSource by 10,237.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock valued at $131,000 after acquiring an additional 8,497 shares in the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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