Builders FirstSource, Inc. (NASDAQ:BLDR) had its target price increased by investment analysts at B. Riley from $20.00 to $24.00 in a note issued to investors on Friday. The firm currently has a “buy” rating on the stock. B. Riley’s price target suggests a potential upside of 30.01% from the company’s previous close. B. Riley also issued estimates for Builders FirstSource’s Q4 2017 earnings at $0.18 EPS and FY2017 earnings at $1.05 EPS.

A number of other equities research analysts also recently weighed in on BLDR. Deutsche Bank AG lifted their target price on Builders FirstSource from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. BidaskClub downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research raised Builders FirstSource from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Wedbush reissued a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. Builders FirstSource presently has a consensus rating of “Hold” and a consensus price target of $19.50.

Shares of Builders FirstSource (NASDAQ BLDR) opened at $18.46 on Friday. Builders FirstSource has a twelve month low of $10.07 and a twelve month high of $18.82. The company has a current ratio of 1.80, a quick ratio of 1.01 and a debt-to-equity ratio of 5.14. The firm has a market capitalization of $2,074.17, a price-to-earnings ratio of 17.83 and a beta of 2.14.

Builders FirstSource (NASDAQ:BLDR) last posted its earnings results on Wednesday, November 8th. The company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. Builders FirstSource had a return on equity of 35.63% and a net margin of 1.29%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the firm earned $0.61 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. research analysts forecast that Builders FirstSource will post 1.09 EPS for the current fiscal year.

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In related news, Director Robert C. Griffin sold 17,655 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $16.83, for a total value of $297,133.65. Following the completion of the transaction, the director now owns 40,050 shares of the company’s stock, valued at $674,041.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Cleveland A. Christophe sold 36,000 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $16.66, for a total value of $599,760.00. Following the completion of the transaction, the director now directly owns 48,181 shares of the company’s stock, valued at approximately $802,695.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,645,368 shares of company stock valued at $220,735,138. 14.60% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. raised its stake in Builders FirstSource by 0.3% in the second quarter. Alps Advisors Inc. now owns 31,670 shares of the company’s stock valued at $485,000 after purchasing an additional 82 shares in the last quarter. 1st Global Advisors Inc. raised its stake in Builders FirstSource by 1.0% during the second quarter. 1st Global Advisors Inc. now owns 13,694 shares of the company’s stock worth $210,000 after acquiring an additional 137 shares in the last quarter. Suntrust Banks Inc. raised its stake in Builders FirstSource by 1.9% during the second quarter. Suntrust Banks Inc. now owns 27,934 shares of the company’s stock worth $427,000 after acquiring an additional 515 shares in the last quarter. Wall Street Access Asset Management LLC raised its stake in Builders FirstSource by 5.0% during the second quarter. Wall Street Access Asset Management LLC now owns 16,800 shares of the company’s stock worth $257,000 after acquiring an additional 800 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in Builders FirstSource by 17.3% during the second quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock worth $130,000 after acquiring an additional 1,253 shares in the last quarter. 84.92% of the stock is owned by institutional investors and hedge funds.

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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