Builders FirstSource, Inc. (BLDR) Given Consensus Rating of “Buy” by Analysts

Builders FirstSource, Inc. (NASDAQ:BLDR) has earned a consensus recommendation of “Buy” from the thirteen analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $23.41.

Several research firms have recently weighed in on BLDR. ValuEngine upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Wednesday, January 31st. Stifel Nicolaus raised their target price on shares of Builders FirstSource from $23.00 to $26.50 and gave the stock a “buy” rating in a report on Monday, January 22nd. Stephens reiterated a “buy” rating and issued a $27.00 target price on shares of Builders FirstSource in a report on Wednesday, January 17th. Finally, Wedbush set a $30.00 target price on shares of Builders FirstSource and gave the stock an “outperform” rating in a report on Friday, January 12th.

Builders FirstSource (NASDAQ:BLDR) traded down $0.27 during trading hours on Tuesday, hitting $19.53. 1,740,400 shares of the stock traded hands, compared to its average volume of 1,362,680. Builders FirstSource has a one year low of $12.12 and a one year high of $23.28. The company has a debt-to-equity ratio of 4.46, a quick ratio of 1.06 and a current ratio of 1.86. The company has a market cap of $2,220.00, a price-to-earnings ratio of 25.87 and a beta of 2.01.

In other news, CEO Floyd F. Sherman sold 40,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $19.43, for a total value of $777,200.00. Following the completion of the sale, the chief executive officer now directly owns 623,635 shares of the company’s stock, valued at $12,117,228.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Peter M. Jackson sold 12,500 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $20.51, for a total transaction of $256,375.00. Following the completion of 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. 14.60% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Builders FirstSource in the third quarter worth approximately $110,000. Ameritas Investment Partners Inc. lifted its position in shares of Builders FirstSource by 17.3% in the second quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock worth $130,000 after purchasing an additional 1,253 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Builders FirstSource by 10,237.3% in the second quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock worth $131,000 after purchasing an additional 8,497 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Builders FirstSource in the third quarter worth approximately $147,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Builders FirstSource by 58.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,462 shares of the company’s stock valued at $163,000 after acquiring an additional 2,766 shares in the last quarter. 97.31% of the stock is owned by institutional investors and hedge funds.

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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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