ValuEngine upgraded shares of Builders FirstSource (NASDAQ:BLDR) from a hold rating to a buy rating in a research note released on Friday.
Other research analysts also recently issued research reports about the stock. B. Riley reiterated a buy rating on shares of Builders FirstSource in a research report on Wednesday, November 1st. Stifel Nicolaus upped their price objective 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. Wedbush set a $30.00 price target on shares of Builders FirstSource and gave the company an outperform rating in a research report on Friday, January 12th. Finally, BidaskClub upgraded shares of Builders FirstSource from a buy rating to a strong-buy rating in a research report on Wednesday, December 27th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $23.41.
Shares of Builders FirstSource (NASDAQ BLDR) opened at $19.92 on Friday. Builders FirstSource has a 1-year low of $11.03 and a 1-year 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 firm has a market cap of $2,250.00, a P/E ratio of 26.21 and a beta of 2.01.
In related news, insider M Chad Crow sold 158,384 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $18.24, for a total transaction of $2,888,924.16. Following the completion of the transaction, the insider now directly owns 446,248 shares in the company, valued at approximately $8,139,563.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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 transaction, the senior vice president now owns 179,805 shares of the company’s stock, valued at $3,265,258.80. The disclosure for this sale can be found here. In the last three months, insiders sold 377,598 shares of company stock valued at $6,950,025. 14.60% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in BLDR. Cubist Systematic Strategies LLC bought a new position in shares of Builders FirstSource during the 3rd quarter valued at approximately $110,000. Ameritas Investment Partners Inc. grew its stake in shares of Builders FirstSource by 17.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock valued at $130,000 after acquiring an additional 1,253 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Builders FirstSource by 10,237.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock valued at $131,000 after acquiring an additional 8,497 shares during the period. Victory Capital Management Inc. bought a new position in shares of Builders FirstSource during the 3rd quarter valued at approximately $147,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Builders FirstSource by 58.9% during the 4th 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 during the period. Institutional investors own 96.73% of the company’s stock.
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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.
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