Builders FirstSource, Inc. (NASDAQ:BLDR)‘s stock had its “buy” rating reiterated by equities researchers at SunTrust Banks, Inc. in a research note issued to investors on Friday. They currently have a $20.00 price objective on the stock. SunTrust Banks, Inc.’s price objective suggests a potential upside of 8.34% from the stock’s previous close. SunTrust Banks also issued estimates for Builders FirstSource’s Q4 2017 earnings at $0.19 EPS, FY2017 earnings at $1.06 EPS, Q1 2018 earnings at $0.15 EPS, Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.59 EPS, Q4 2018 earnings at $0.31 EPS and FY2018 earnings at $1.53 EPS.

Other equities research analysts also recently issued reports about the stock. BidaskClub upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Wedbush restated a “buy” rating and issued a $20.00 price target on shares of Builders FirstSource in a research note on Thursday, September 7th. Deutsche Bank AG raised their price target 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. B. Riley raised their price target on shares of Builders FirstSource from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Friday. Finally, Barclays PLC raised their price target on shares of Builders FirstSource from $15.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Builders FirstSource presently has a consensus rating of “Hold” and a consensus price target of $19.50.

Shares of Builders FirstSource (NASDAQ:BLDR) traded up $0.10 during trading on Friday, reaching $18.46. 3,364,200 shares of the company’s stock were exchanged, compared to its average volume of 1,196,832. The firm has a market capitalization of $2,074.17, a P/E ratio of 17.83 and a beta of 2.14. The company has a debt-to-equity ratio of 5.14, a current ratio of 1.80 and a quick ratio of 1.01. Builders FirstSource has a 12-month low of $10.07 and a 12-month high of $18.82.

Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Builders FirstSource had a net margin of 1.29% and a return on equity of 35.63%. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the company posted $0.61 EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. research analysts forecast that Builders FirstSource will post 1.09 earnings per share for the current year.

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In other Builders FirstSource news, Director Cleveland A. Christophe sold 36,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $16.66, for a total transaction of $599,760.00. Following the completion of the transaction, the director now owns 48,181 shares in the company, valued at approximately $802,695.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 stock was sold at an average price of $16.17, for a total transaction of $218,006,802.09. The disclosure for this sale can be found here. In the last 90 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.

A number of institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in shares of Builders FirstSource in the 2nd quarter valued at $114,000. Victory Capital Management Inc. bought a new stake in shares of Builders FirstSource in the 3rd quarter valued at $147,000. Ameritas Investment Partners Inc. increased its stake in shares of Builders FirstSource by 17.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock valued at $130,000 after acquiring an additional 1,253 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Builders FirstSource by 10,237.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock valued at $131,000 after acquiring an additional 8,497 shares in the last quarter. Finally, Wilen Investment Management CORP. bought a new stake in shares of Builders FirstSource in the 2nd quarter valued at $150,000. Hedge funds and other institutional investors own 84.92% of the company’s stock.

About Builders FirstSource

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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