Builders FirstSource (NASDAQ:BLDR) has been given a $21.00 price target by investment analysts at Barclays in a research note issued to investors on Sunday. The firm currently has a “hold” rating on the stock. Barclays’ price objective would suggest a potential downside of 7.81% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the company. B. Riley reiterated a “buy” rating on shares of Builders FirstSource in a research note on Wednesday, November 1st. BidaskClub upgraded Builders FirstSource from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 27th. Zacks Investment Research upgraded Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. ValuEngine upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Seaport Global Securities restated a “buy” rating and set a $26.00 target price on shares of Builders FirstSource in a research note on Wednesday, January 3rd. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $21.25.
Shares of Builders FirstSource (NASDAQ BLDR) traded up $0.43 on Friday, hitting $22.78. The stock had a trading volume of 1,486,100 shares, compared to its average volume of 1,852,300. The company has a quick ratio of 1.06, a current ratio of 1.86 and a debt-to-equity ratio of 4.46. The stock has a market cap of $2,550.00, a PE ratio of 29.97 and a beta of 2.15. Builders FirstSource has a fifty-two week low of $10.56 and a fifty-two week high of $22.78.
In other Builders FirstSource news, CFO Peter M. Jackson sold 12,500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, 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 SEC, which is available through this link. Also, SVP Donald F. Mcaleenan sold 166,714 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $18.16, for a total value 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 disclosure for this sale can be found here. In the last quarter, insiders sold 377,598 shares of company stock valued at $6,950,025. 14.60% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. increased its holdings in shares of Builders FirstSource by 9.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 402,672 shares of the company’s stock valued at $6,169,000 after purchasing an additional 36,217 shares during the period. Rhumbline Advisers increased its holdings in shares of Builders FirstSource by 14.3% in the second quarter. Rhumbline Advisers now owns 109,428 shares of the company’s stock valued at $1,676,000 after purchasing an additional 13,650 shares during the period. SG Americas Securities LLC acquired a new position in shares of Builders FirstSource in the second quarter valued at approximately $114,000. Bank of New York Mellon Corp increased its holdings in shares of Builders FirstSource by 25.6% in the second quarter. Bank of New York Mellon Corp now owns 701,499 shares of the company’s stock valued at $10,746,000 after purchasing an additional 142,888 shares during the period. Finally, Legal & General Group Plc increased its holdings in shares of Builders FirstSource by 13.6% in the second quarter. Legal & General Group Plc now owns 22,916 shares of the company’s stock valued at $349,000 after purchasing an additional 2,736 shares during the period. Institutional investors own 94.48% of the company’s stock.
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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.
