Builders FirstSource, Inc. (NASDAQ:BLDR) has earned a consensus rating of “Hold” from the eight research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $17.33.

Several equities research analysts recently weighed in on the stock. Deutsche Bank AG increased their target price on shares of Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. BidaskClub lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Wedbush reissued a “buy” rating and issued a $20.00 price target on shares of Builders FirstSource in a research report on Thursday, September 7th. Finally, FBR & Co reissued a “buy” rating and issued a $20.00 price target on shares of Builders FirstSource in a research report on Tuesday, June 27th.

In other news, major shareholder Jll Partners Fund V. Lp sold 13,482,177 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert C. Griffin sold 17,655 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $16.83, for a total transaction of $297,133.65. Following the sale, the director now directly owns 40,050 shares of the company’s stock, valued at approximately $674,041.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,645,368 shares of company stock valued at $220,735,138. Company insiders own 14.60% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of BLDR. BlackRock Inc. increased its holdings in shares of Builders FirstSource by 68,569.7% in the first quarter. BlackRock Inc. now owns 6,349,196 shares of the company’s stock valued at $94,602,000 after purchasing an additional 6,339,950 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Builders FirstSource by 21.7% in the first quarter. Vanguard Group Inc. now owns 5,914,387 shares of the company’s stock valued at $88,124,000 after purchasing an additional 1,053,799 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in shares of Builders FirstSource by 34.4% in the second quarter. Eagle Asset Management Inc. now owns 3,227,017 shares of the company’s stock valued at $49,437,000 after purchasing an additional 825,756 shares in the last quarter. Morgan Stanley increased its holdings in shares of Builders FirstSource by 185.2% in the first quarter. Morgan Stanley now owns 1,122,932 shares of the company’s stock valued at $16,732,000 after purchasing an additional 729,178 shares in the last quarter. Finally, Impala Asset Management LLC acquired a new stake in shares of Builders FirstSource in the second quarter valued at approximately $9,498,000. 85.44% of the stock is owned by institutional investors.

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Shares of Builders FirstSource (NASDAQ:BLDR) traded up 0.78% during mid-day trading on Friday, reaching $16.75. The company had a trading volume of 1,526,978 shares. Builders FirstSource has a 52-week low of $9.04 and a 52-week high of $17.22. The company has a market capitalization of $1.89 billion, a PE ratio of 11.09 and a beta of 2.11. The company’s 50-day moving average price is $16.10 and its 200-day moving average price is $15.34.

Builders FirstSource (NASDAQ:BLDR) last released its earnings results on Thursday, August 3rd. The company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.03. Builders FirstSource had a net margin of 2.60% and a return on equity of 43.83%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the company earned $0.31 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. On average, analysts forecast that Builders FirstSource will post $1.12 earnings per share for the current fiscal year.

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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