Builders FirstSource, Inc. (NASDAQ:BLDR) had its price target upped by B. Riley from $20.00 to $24.00 in a research report report published on Friday, MarketBeat reports. B. Riley currently has a buy rating on the stock. B. Riley also issued estimates for Builders FirstSource’s Q4 2017 earnings at $0.18 EPS and FY2017 earnings at $1.05 EPS.
Several other analysts have also commented on the stock. Zacks Investment Research lowered shares of Builders FirstSource from a hold rating to a sell rating in a report on Monday, October 9th. BidaskClub upgraded shares of Builders FirstSource from a hold rating to a buy rating in a report on Wednesday, July 19th. Wedbush restated a buy rating and issued a $20.00 price objective on shares of Builders FirstSource in a report on Thursday, September 7th. Finally, Deutsche Bank AG raised their price objective on shares of Builders FirstSource from $17.00 to $19.00 and gave the stock a buy rating in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of $19.50.
Builders FirstSource (NASDAQ BLDR) traded down $0.50 during midday trading on Friday, hitting $17.96. The company had a trading volume of 1,662,800 shares, compared to its average volume of 1,198,959. 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 company has a market capitalization of $2,084.90, a PE ratio of 17.92 and a beta of 2.14. Builders FirstSource has a 12 month low of $10.13 and a 12 month high of $18.82.
Builders FirstSource (NASDAQ:BLDR) last posted its earnings results on Wednesday, November 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Builders FirstSource had a return on equity of 33.66% and a net margin of 1.29%. Builders FirstSource’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm earned $0.61 earnings per share. equities analysts anticipate that Builders FirstSource will post 1.04 EPS for the current year.
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In other news, Director Cleveland A. Christophe sold 36,000 shares of Builders FirstSource stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $16.66, for a total transaction of $599,760.00. Following the completion of the transaction, the director now directly owns 48,181 shares in the company, valued at $802,695.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert C. Griffin sold 17,655 shares of Builders FirstSource stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $16.83, for a total transaction of $297,133.65. Following the transaction, the director now owns 40,050 shares of the company’s stock, valued at $674,041.50. The disclosure for this sale can be found here. Insiders have sold 13,645,368 shares of company stock valued at $220,735,138 over the last quarter. Company insiders own 14.60% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of Builders FirstSource during the second quarter valued at approximately $114,000. Ameritas Investment Partners Inc. lifted its holdings in shares of Builders FirstSource by 17.3% during the second quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock valued at $130,000 after purchasing an additional 1,253 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Builders FirstSource by 10,237.3% during the second quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock valued at $131,000 after purchasing an additional 8,497 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of Builders FirstSource during the third quarter valued at approximately $147,000. Finally, Wilen Investment Management CORP. purchased a new position in shares of Builders FirstSource during the second quarter valued at approximately $150,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.
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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