Builders FirstSource, Inc. (NASDAQ:BLDR) – Stock analysts at Seaport Global Securities dropped their FY2017 earnings per share (EPS) estimates for Builders FirstSource in a research report issued to clients and investors on Thursday. Seaport Global Securities analyst M. Mccall now forecasts that the company will earn $0.98 per share for the year, down from their prior forecast of $1.05. Seaport Global Securities also issued estimates for Builders FirstSource’s Q4 2017 earnings at $0.17 EPS and FY2018 earnings at $1.40 EPS.

Several other brokerages have also issued reports on BLDR. Wedbush reaffirmed a “buy” rating and issued a $20.00 target price on shares of Builders FirstSource in a research note on Thursday, September 7th. Zacks Investment Research lowered Builders FirstSource from a “hold” rating to a “sell” rating in a research note on Monday, October 9th. BidaskClub raised Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $20.00 target price on shares of Builders FirstSource in a research note on Friday, November 10th. Finally, Citigroup Inc. upped their target price on Builders FirstSource from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Builders FirstSource has a consensus rating of “Buy” and an average price target of $19.50.

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Builders FirstSource (NASDAQ:BLDR) opened at $18.27 on Monday. Builders FirstSource has a twelve month low of $10.13 and a twelve month high of $18.82. The company has a current ratio of 1.86, a quick ratio of 1.06 and a debt-to-equity ratio of 4.46. The company has a market capitalization of $2,060.00, a PE ratio of 17.44 and a beta of 2.14.

Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Builders FirstSource had a return on equity of 33.66% and a net margin of 1.29%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 EPS.

In other news, Director Paul S. Levy bought 800,000 shares of the stock in a transaction on Wednesday, September 6th. The shares were bought at an average price of $16.17 per share, with a total value of $12,936,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Jll Partners Fund V. Lp sold 13,482,177 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $16.17, for a total value of $218,006,802.09. The disclosure for this sale can be found here. Insiders have sold 13,645,368 shares of company stock worth $220,735,138 over the last ninety days. 14.60% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of BLDR. BlackRock Inc. raised its stake in Builders FirstSource by 8.9% during the 2nd quarter. BlackRock Inc. now owns 6,912,890 shares of the company’s stock valued at $105,905,000 after purchasing an additional 563,694 shares during the period. Vanguard Group Inc. raised its stake in Builders FirstSource by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,034,263 shares of the company’s stock valued at $92,445,000 after purchasing an additional 119,876 shares during the period. Eagle Asset Management Inc. raised its stake in Builders FirstSource by 30.9% during the 3rd quarter. Eagle Asset Management Inc. now owns 4,224,149 shares of the company’s stock valued at $74,936,000 after purchasing an additional 997,132 shares during the period. Dimensional Fund Advisors LP raised its stake in Builders FirstSource by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,257,642 shares of the company’s stock valued at $58,604,000 after purchasing an additional 63,672 shares during the period. Finally, Balyasny Asset Management LLC raised its stake in Builders FirstSource by 3.3% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,934,926 shares of the company’s stock valued at $29,643,000 after purchasing an additional 61,899 shares during the period. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates for Builders FirstSource (NASDAQ:BLDR)

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