Builders FirstSource, Inc. (BLDR) PT Raised to $24.00 at B. Riley
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.
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