FY2018 Earnings Estimate for Builders FirstSource, Inc. Issued By Seaport Global Securities (BLDR)

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.

Builders FirstSource (BLDR) traded down $0.38 on Thursday, reaching $20.00. The company had a trading volume of 1,746,652 shares, compared to its average volume of 1,344,639. Builders FirstSource has a twelve month low of $11.78 and a twelve month high of $23.28. The company has a current ratio of 1.86, a quick ratio of 1.06 and a debt-to-equity ratio of 4.46. The company has a market cap of $2,300.61, a PE ratio of 26.66 and a beta of 2.01.

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.

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

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