Shares of Builders FirstSource, Inc. (NASDAQ:BLDR) have earned a consensus recommendation of “Buy” from the eighteen analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $26.62.
BLDR has been the subject of several research analyst reports. SunTrust Banks cut their target price on shares of Builders FirstSource from $30.00 to $17.00 and set a “buy” rating for the company in a research note on Thursday, April 16th. Royal Bank of Canada restated a “buy” rating and issued a $20.00 price objective on shares of Builders FirstSource in a research note on Sunday, May 3rd. Zacks Investment Research cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Tuesday, July 21st. BTIG Research increased their price objective on shares of Builders FirstSource from $64.00 to $87.00 in a research note on Thursday, July 16th. Finally, Barclays increased their price objective on shares of Builders FirstSource from $16.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th.
In other Builders FirstSource news, COO David E. Rush sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $22.30, for a total transaction of $223,000.00. Following the sale, the chief operating officer now directly owns 71,855 shares in the company, valued at approximately $1,602,366.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Floyd F. Sherman sold 45,903 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $16.05, for a total transaction of $736,743.15. Following the sale, the director now owns 147,771 shares in the company, valued at $2,371,724.55. The disclosure for this sale can be found here. Insiders sold a total of 103,000 shares of company stock worth $1,951,715 over the last quarter. 2.20% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of BLDR. FMR LLC raised its holdings in shares of Builders FirstSource by 9.5% in the first quarter. FMR LLC now owns 1,703,004 shares of the company’s stock valued at $22,718,000 after purchasing an additional 147,779 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Builders FirstSource by 192.1% in the first quarter. First Trust Advisors LP now owns 119,675 shares of the company’s stock valued at $1,596,000 after buying an additional 78,703 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Builders FirstSource by 33.4% in the fourth quarter. Cubist Systematic Strategies LLC now owns 37,694 shares of the company’s stock valued at $958,000 after buying an additional 9,438 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Builders FirstSource by 1,056.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 983 shares of the company’s stock valued at $25,000 after buying an additional 898 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Builders FirstSource by 16.0% in the fourth quarter. Janus Henderson Group PLC now owns 26,607 shares of the company’s stock valued at $676,000 after buying an additional 3,661 shares in the last quarter. Institutional investors own 98.57% of the company’s stock.
NASDAQ BLDR opened at $23.69 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.12 and a debt-to-equity ratio of 1.85. The company has a fifty day simple moving average of $21.27 and a 200 day simple moving average of $20.29. The company has a market cap of $2.76 billion, a P/E ratio of 13.46 and a beta of 2.49. Builders FirstSource has a 1 year low of $9.00 and a 1 year high of $28.43.
Builders FirstSource (NASDAQ:BLDR) last released its earnings results on Thursday, July 30th. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.40. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Builders FirstSource had a net margin of 2.77% and a return on equity of 30.84%. Equities research analysts forecast that Builders FirstSource will post 1.2 EPS for the current fiscal year.
Builders FirstSource Company Profile
Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand name.
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