Builders FirstSource, Inc. (NASDAQ:BLDR) – Analysts at B. Riley lifted their FY2018 earnings per share (EPS) estimates for Builders FirstSource in a research report issued to clients and investors on Wednesday. B. Riley analyst A. Rygiel now forecasts that the company will post earnings of $1.76 per share for the year, up from their previous forecast of $1.45. B. Riley has a “Buy” rating and a $24.00 price objective on the stock.

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.87 billion. Builders FirstSource had a net margin of 1.29% and a return on equity of 33.66%. Builders FirstSource’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 earnings per share.

A number of other analysts have also weighed in on BLDR. ValuEngine raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Seaport Global Securities reissued a “buy” rating and issued a $26.00 price target on shares of Builders FirstSource in a report on Wednesday. BidaskClub raised shares of Builders FirstSource from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 27th. Citigroup raised their price target on shares of Builders FirstSource from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, November 10th. Finally, Zacks Investment Research raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a report on Monday, November 13th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $20.75.

Shares of Builders FirstSource (NASDAQ BLDR) opened at $22.78 on Friday. 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 firm has a market cap of $2,572.80, a P/E ratio of 22.12 and a beta of 2.16. Builders FirstSource has a fifty-two week low of $10.56 and a fifty-two week high of $22.78.

Several hedge funds have recently made changes to their positions in the company. 1st Global Advisors Inc. grew its holdings in shares of Builders FirstSource by 1.0% in the 2nd quarter. 1st Global Advisors Inc. now owns 13,694 shares of the company’s stock valued at $210,000 after buying an additional 137 shares during the period. Suntrust Banks Inc. grew its holdings in shares of Builders FirstSource by 1.9% in the 2nd quarter. Suntrust Banks Inc. now owns 27,934 shares of the company’s stock valued at $427,000 after buying an additional 515 shares during the period. Wall Street Access Asset Management LLC grew its holdings in shares of Builders FirstSource by 5.0% in the 2nd quarter. Wall Street Access Asset Management LLC now owns 16,800 shares of the company’s stock valued at $257,000 after buying an additional 800 shares during the period. Ameritas Investment Partners Inc. grew its holdings in shares of Builders FirstSource by 17.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock valued at $130,000 after buying an additional 1,253 shares during the period. Finally, Thompson Siegel & Walmsley LLC grew its holdings in shares of Builders FirstSource by 3.6% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 45,950 shares of the company’s stock valued at $704,000 after buying an additional 1,600 shares during the period. 94.48% of the stock is owned by institutional investors.

In other Builders FirstSource news, CFO Peter M. Jackson sold 12,500 shares of Builders FirstSource stock in a transaction on Friday, December 8th. The shares were sold at an average price of $20.51, for a total transaction of $256,375.00. Following the completion of the sale, the chief financial officer now owns 26,587 shares of the company’s stock, valued at approximately $545,299.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Floyd F. Sherman sold 40,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $19.43, for a total transaction of $777,200.00. Following the completion of the transaction, the chief executive officer now directly owns 623,635 shares of the company’s stock, valued at approximately $12,117,228.05. The disclosure for this sale can be found here. Insiders have sold a total of 377,598 shares of company stock valued at $6,950,025 in the last ninety days. Company insiders own 14.60% 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.

Earnings History and Estimates for Builders FirstSource (NASDAQ:BLDR)

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