Builders FirstSource, Inc. (NASDAQ:BLDR) – Equities researchers at SunTrust Banks lowered their Q3 2017 EPS estimates for Builders FirstSource in a research note issued to investors on Monday. SunTrust Banks analyst K. Hughes now forecasts that the company will post earnings per share of $0.36 for the quarter, down from their previous estimate of $0.40.

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 Zacks’ consensus estimate of $0.34 by $0.03. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Builders FirstSource had a net margin of 2.60% and a return on equity of 43.83%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 earnings per share. COPYRIGHT VIOLATION NOTICE: “Q3 2017 Earnings Estimate for Builders FirstSource, Inc. Issued By SunTrust Banks (BLDR)” was posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.watchlistnews.com/q3-2017-earnings-estimate-for-builders-firstsource-inc-issued-by-suntrust-banks-bldr/1609652.html.

BLDR has been the subject of a number of other reports. Wedbush reiterated a “buy” rating and issued a $20.00 price target on shares of Builders FirstSource in a research note on Thursday, September 7th. FBR & Co reiterated a “buy” rating and issued a $20.00 price target on shares of Builders FirstSource in a research note on Tuesday, June 27th. BidaskClub upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research upgraded shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Deutsche Bank AG lifted their price target on shares of Builders FirstSource from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $17.33.

Builders FirstSource (NASDAQ BLDR) opened at 17.72 on Tuesday. The firm has a 50-day moving average of $16.49 and a 200-day moving average of $15.52. Builders FirstSource has a 1-year low of $9.04 and a 1-year high of $18.23. The stock has a market capitalization of $2.00 billion, a PE ratio of 11.73 and a beta of 2.09.

In related 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 value of $218,006,802.09. The transaction was disclosed in a filing with the SEC, which is available at 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 completion of the transaction, the director now directly owns 40,050 shares in the company, valued at approximately $674,041.50. The disclosure for this sale can be found here. In the last three months, insiders sold 13,645,368 shares of company stock worth $220,735,138. 14.60% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. boosted its holdings in shares of Builders FirstSource by 0.3% in the second quarter. Alps Advisors Inc. now owns 31,670 shares of the company’s stock worth $485,000 after buying an additional 82 shares during the last quarter. 1st Global Advisors Inc. boosted its holdings in shares of Builders FirstSource by 1.0% in the second quarter. 1st Global Advisors Inc. now owns 13,694 shares of the company’s stock worth $210,000 after buying an additional 137 shares during the last quarter. Suntrust Banks Inc. boosted its holdings in shares of Builders FirstSource by 1.9% in the second quarter. Suntrust Banks Inc. now owns 27,934 shares of the company’s stock worth $427,000 after buying an additional 515 shares during the last quarter. Wall Street Access Asset Management LLC boosted its holdings in shares of Builders FirstSource by 5.0% in the second quarter. Wall Street Access Asset Management LLC now owns 16,800 shares of the company’s stock worth $257,000 after buying an additional 800 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its holdings in shares of Builders FirstSource by 17.3% in the second quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock worth $130,000 after buying an additional 1,253 shares during the last quarter. 85.44% of the stock is currently owned by 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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