Builders FirstSource, Inc. (NASDAQ:BLDR) had its price target boosted by Barclays PLC from $15.00 to $17.00 in a report issued on Friday morning. Barclays PLC currently has an equal weight rating on the stock.

A number of other brokerages have also issued reports on BLDR. BidaskClub lowered shares of Builders FirstSource from a hold rating to a sell rating in a research report on Tuesday, August 22nd. Deutsche Bank AG boosted their target price on shares of Builders FirstSource from $17.00 to $19.00 and gave the stock a buy rating in a research report on Wednesday, August 9th. Citigroup Inc. boosted their target price on shares of Builders FirstSource from $18.00 to $20.00 and gave the stock a neutral rating in a research report on Friday. B. Riley reaffirmed a buy rating on shares of Builders FirstSource in a research report on Wednesday, November 1st. Finally, Wedbush reaffirmed a buy rating and set a $20.00 target price on shares of Builders FirstSource in a research report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Builders FirstSource has an average rating of Hold and a consensus target price of $19.50.

Builders FirstSource (NASDAQ:BLDR) traded up $0.10 during trading hours on Friday, hitting $18.46. 3,364,200 shares of the stock were exchanged, compared to its average volume of 924,342. Builders FirstSource has a 12 month low of $10.07 and a 12 month high of $18.82. The company has a market capitalization of $2,084.89, a price-to-earnings ratio of 17.92 and a beta of 2.14. The company has a debt-to-equity ratio of 5.14, a quick ratio of 1.01 and a current ratio of 1.80.

Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. Builders FirstSource had a net margin of 1.29% and a return on equity of 35.63%. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the firm posted $0.61 earnings per share. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. research analysts expect that Builders FirstSource will post 1.04 EPS for the current fiscal year.

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In other Builders FirstSource news, Director Cleveland A. Christophe sold 36,000 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $16.66, for a total value of $599,760.00. Following the sale, the director now owns 48,181 shares of the company’s stock, valued at approximately $802,695.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Jll Partners Fund V. Lp sold 13,482,177 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $16.17, for a total transaction of $218,006,802.09. The disclosure for this sale can be found here. Insiders sold a total of 13,645,368 shares of company stock worth $220,735,138 in the last three months. Insiders own 14.60% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. increased its holdings in Builders FirstSource by 9.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 402,672 shares of the company’s stock valued at $6,169,000 after buying an additional 36,217 shares during the period. Ameriprise Financial Inc. increased its holdings in Builders FirstSource by 156.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 218,727 shares of the company’s stock valued at $3,351,000 after buying an additional 133,410 shares during the period. GoodHaven Capital Management LLC increased its holdings in Builders FirstSource by 103.8% in the 2nd quarter. GoodHaven Capital Management LLC now owns 203,800 shares of the company’s stock valued at $3,122,000 after buying an additional 103,800 shares during the period. Peregrine Capital Management LLC bought a new stake in Builders FirstSource in the 2nd quarter valued at $7,059,000. Finally, Castleark Management LLC increased its holdings in Builders FirstSource by 6.9% in the 2nd quarter. Castleark Management LLC now owns 611,367 shares of the company’s stock valued at $9,366,000 after buying an additional 39,687 shares during the period. 84.92% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

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