Builders FirstSource (BLDR) Earns Buy Rating from Stifel Nicolaus
Builders FirstSource (NASDAQ:BLDR)‘s stock had its “buy” rating reiterated by stock analysts at Stifel Nicolaus in a research report issued to clients and investors on Monday, MarketBeat reports. They presently have a $26.50 price target on the stock, up from their prior price target of $23.00. Stifel Nicolaus’ target price suggests a potential upside of 18.78% from the company’s current price.
A number of other brokerages have also recently weighed in on BLDR. Stephens restated a “buy” rating and set a $27.00 price objective on shares of Builders FirstSource in a research note on Wednesday, January 17th. BidaskClub upgraded shares of Builders FirstSource from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 27th. Seaport Global Securities restated a “buy” rating and set a $26.00 price objective on shares of Builders FirstSource in a research note on Wednesday, January 3rd. Citigroup lifted their price objective on shares of Builders FirstSource from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, November 10th. Finally, Wedbush set a $30.00 price objective on shares of Builders FirstSource and gave the company an “outperform” rating in a research note on Friday, January 12th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $23.35.
Shares of Builders FirstSource (NASDAQ BLDR) traded down $0.29 on Monday, hitting $22.31. 927,900 shares of the stock traded hands, compared to its average volume of 1,276,246. Builders FirstSource has a 52 week low of $10.56 and a 52 week high of $23.15. The firm has a market capitalization of $2,540.00, a P/E ratio of 29.36 and a beta of 2.15. The company has a current ratio of 1.86, a quick ratio of 1.06 and a debt-to-equity ratio of 4.46.
In other Builders FirstSource news, insider M Chad Crow sold 158,384 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $18.24, for a total value of $2,888,924.16. Following the sale, the insider now directly owns 446,248 shares in the company, valued at $8,139,563.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Donald F. Mcaleenan sold 166,714 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $18.16, for a total transaction of $3,027,526.24. Following the completion of the sale, the senior vice president now owns 179,805 shares in the company, valued at $3,265,258.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 377,598 shares of company stock worth $6,950,025. 14.60% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. raised its holdings in Builders FirstSource by 10.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 517,813 shares of the company’s stock worth $11,284,000 after buying an additional 49,610 shares during the period. Rubric Capital Management LP raised its holdings in Builders FirstSource by 99.4% during the 3rd quarter. Rubric Capital Management LP now owns 589,230 shares of the company’s stock worth $10,600,000 after buying an additional 293,694 shares during the period. GSA Capital Partners LLP raised its holdings in Builders FirstSource by 157.1% during the 3rd quarter. GSA Capital Partners LLP now owns 41,320 shares of the company’s stock worth $743,000 after buying an additional 25,250 shares during the period. FrontFour Capital Group LLC raised its holdings in Builders FirstSource by 1.6% during the 3rd quarter. FrontFour Capital Group LLC now owns 560,923 shares of the company’s stock worth $10,091,000 after buying an additional 9,049 shares during the period. Finally, Insight Capital Research & Management Inc. acquired a new stake in Builders FirstSource during the 3rd quarter worth about $1,389,000. Hedge funds and other institutional investors own 94.35% 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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