Builders FirstSource, Inc. (BLDR) Receives Average Rating of “Hold” from Analysts
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.
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