Builders FirstSource, Inc. (BLDR) Given Average Recommendation of “Buy” by Analysts

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.

Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the business posted $0.61 EPS. The business’s revenue was up 7.6% compared to the same quarter last year. sell-side analysts forecast that Builders FirstSource will post 1.03 EPS for the current fiscal year.

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.

Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

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