Wedbush Reiterates $30.00 Price Target for Builders FirstSource (BLDR)
Builders FirstSource (NASDAQ:BLDR) has been given a $30.00 price target by research analysts at Wedbush in a research report issued on Friday. The firm presently has an “outperform” rating on the stock. Wedbush’s price target would suggest a potential upside of 33.57% from the company’s previous close.
Other research analysts have also issued reports about the company. BidaskClub lowered Builders FirstSource from a “strong-buy” rating to a “buy” rating in a research note on Thursday. B. Riley reiterated a “buy” rating on shares of Builders FirstSource in a research report on Wednesday, November 1st. ValuEngine upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. Finally, Barclays upped their price target on Builders FirstSource from $15.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $22.50.
Shares of Builders FirstSource (BLDR) traded up $0.33 during midday trading on Friday, hitting $22.46. The company had a trading volume of 869,100 shares, compared to its average volume of 1,394,100. The company has a quick ratio of 1.06, a current ratio of 1.86 and a debt-to-equity ratio of 4.46. The firm has a market capitalization of $2,570.00, a price-to-earnings ratio of 29.55 and a beta of 2.15. Builders FirstSource has a twelve month low of $10.56 and a twelve month high of $22.90.
Builders FirstSource (NASDAQ:BLDR) last issued its earnings results on Wednesday, November 8th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.87 billion. Builders FirstSource had a return on equity of 33.66% and a net margin of 1.29%. Builders FirstSource’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share. equities analysts anticipate that Builders FirstSource will post 1.03 EPS for the current year.
In other news, SVP Donald F. Mcaleenan sold 166,714 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $18.16, for a total transaction of $3,027,526.24. Following the sale, the senior vice president now owns 179,805 shares in the company, valued at $3,265,258.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider M Chad Crow sold 158,384 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $18.24, for a total value of $2,888,924.16. Following the sale, the insider now owns 446,248 shares in the company, valued at approximately $8,139,563.52. The disclosure for this sale can be found here. Insiders sold 377,598 shares of company stock worth $6,950,025 over the last quarter. Company insiders own 14.60% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Rubric Capital Management LP grew its holdings in shares of Builders FirstSource by 99.4% during the third quarter. Rubric Capital Management LP now owns 589,230 shares of the company’s stock worth $10,600,000 after purchasing an additional 293,694 shares during the last quarter. GSA Capital Partners LLP grew its holdings in shares of Builders FirstSource by 157.1% during the third quarter. GSA Capital Partners LLP now owns 41,320 shares of the company’s stock worth $743,000 after purchasing an additional 25,250 shares during the last quarter. FrontFour Capital Group LLC grew its holdings in shares of Builders FirstSource by 1.6% during the third quarter. FrontFour Capital Group LLC now owns 560,923 shares of the company’s stock worth $10,091,000 after purchasing an additional 9,049 shares during the last quarter. Insight Capital Research & Management Inc. bought a new stake in shares of Builders FirstSource during the third quarter worth $1,389,000. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of Builders FirstSource during the third quarter worth $659,000. Institutional investors own 94.48% of the company’s stock.
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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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