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.

Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. Builders FirstSource had a net margin of 1.29% and a return on equity of 33.66%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. equities analysts expect that Builders FirstSource will post 1.03 EPS for the current fiscal year.

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.

Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

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