Shares of Builders FirstSource, Inc. (NASDAQ:BLDR) have been given a consensus rating of “Buy” by the twelve brokerages that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $23.00.
BLDR has been the subject of a number of recent analyst reports. Zacks Investment Research cut Builders FirstSource from a “hold” rating to a “sell” rating in a research report on Monday, October 9th. Barclays set a $21.00 price objective on Builders FirstSource and gave the stock a “hold” rating in a research report on Sunday, January 7th. Citigroup raised their price objective on Builders FirstSource from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. SunTrust Banks reissued a “buy” rating and issued a $20.00 price objective on shares of Builders FirstSource in a research report on Friday, November 10th. Finally, Seaport Global Securities reissued a “buy” rating and issued a $26.00 price objective on shares of Builders FirstSource in a research report on Wednesday, January 3rd.
Shares of Builders FirstSource (NASDAQ:BLDR) traded down $0.19 during trading hours on Friday, hitting $22.60. The stock had a trading volume of 1,067,300 shares, compared to its average volume of 1,305,275. Builders FirstSource has a twelve month low of $10.56 and a twelve month high of $23.15. The stock has a market cap of $2,550.00, a P/E ratio of 29.74 and a beta of 2.15. The company has a debt-to-equity ratio of 4.46, a current ratio of 1.86 and a quick ratio of 1.06.
In other Builders FirstSource news, SVP Donald F. Mcaleenan sold 166,714 shares of Builders FirstSource 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 sale, the senior vice president now owns 179,805 shares of the company’s stock, valued at approximately $3,265,258.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider M Chad Crow sold 158,384 shares of Builders FirstSource stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $18.24, for a total value of $2,888,924.16. Following the sale, the insider now directly owns 446,248 shares of the company’s stock, valued at approximately $8,139,563.52. The disclosure for this sale can be found here. Insiders sold a total of 377,598 shares of company stock valued at $6,950,025 in the last three months. Insiders own 14.60% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of BLDR. Cubist Systematic Strategies LLC acquired a new stake in Builders FirstSource during the 3rd quarter worth about $110,000. SG Americas Securities LLC acquired a new stake in Builders FirstSource during the 2nd quarter worth about $114,000. 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 during the period. PNC Financial Services Group Inc. raised its stake in shares of Builders FirstSource by 10,237.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock valued at $131,000 after buying an additional 8,497 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new position in shares of Builders FirstSource during the 3rd quarter valued at about $147,000. 94.48% of the stock is owned by 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.
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