ValuEngine Upgrades Builders FirstSource (BLDR) to “Buy”

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.

COPYRIGHT VIOLATION WARNING: “ValuEngine Upgrades Builders FirstSource (BLDR) to “Buy”” was first published by Stock Observer and is the sole property of of Stock Observer. If you are reading this piece of content on another website, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.thestockobserver.com/2018/02/06/valuengine-upgrades-builders-firstsource-bldr-to-buy.html.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply