Builders FirstSource, Inc. (NASDAQ:BLDR) – Equities research analysts at Seaport Global Securities increased their FY2018 earnings estimates for Builders FirstSource in a research note issued on Monday. Seaport Global Securities analyst M. Mccall now forecasts that the company will post earnings per share of $1.50 for the year, up from their previous estimate of $1.40. Seaport Global Securities currently has a “Buy” rating and a $26.00 price objective on the stock.
Several other research firms have also recently weighed in on BLDR. B. Riley reiterated a “buy” rating on shares of Builders FirstSource in a research report on Wednesday, November 1st. Citigroup increased 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. Barclays increased their price objective on Builders FirstSource from $15.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, November 10th. SunTrust Banks reiterated a “buy” rating and set a $20.00 price objective on shares of Builders FirstSource in a research report on Friday, November 10th. Finally, Zacks Investment Research upgraded Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $23.41.
Several hedge funds and other institutional investors have recently modified their holdings of BLDR. Hennessy Advisors Inc. bought a new position in shares of Builders FirstSource in the fourth quarter worth $37,771,000. Eagle Asset Management Inc. increased its position in shares of Builders FirstSource by 30.9% in the third quarter. Eagle Asset Management Inc. now owns 4,224,149 shares of the company’s stock worth $74,936,000 after purchasing an additional 997,132 shares during the period. Boston Advisors LLC increased its position in shares of Builders FirstSource by 4,820.1% in the fourth quarter. Boston Advisors LLC now owns 830,268 shares of the company’s stock worth $18,092,000 after purchasing an additional 813,393 shares during the period. Hodges Capital Management Inc. bought a new position in shares of Builders FirstSource in the third quarter worth $12,170,000. Finally, LSV Asset Management increased its position in shares of Builders FirstSource by 112.6% in the fourth quarter. LSV Asset Management now owns 1,246,332 shares of the company’s stock worth $27,157,000 after purchasing an additional 660,103 shares during the period. Institutional investors own 96.73% of the company’s stock.
In related news, CFO Peter M. Jackson sold 12,500 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $20.51, for a total value of $256,375.00. Following the transaction, the chief financial officer now owns 26,587 shares in the company, valued at $545,299.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Donald F. Mcaleenan sold 166,714 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $18.16, for a total value 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 approximately $3,265,258.80. The disclosure for this sale can be found here. Insiders sold 377,598 shares of company stock worth $6,950,025 in the last 90 days. 14.60% of the stock is owned by company insiders.
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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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