Shares of Builders FirstSource, Inc. (NASDAQ:BLDR) have been assigned a consensus rating of “Buy” from the eight analysts that are presently covering the stock. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $16.17.
Several brokerages have issued reports on BLDR. Zacks Investment Research raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Monday, March 27th. FBR & Co reaffirmed an “outperform” rating and issued a $20.00 target price (up from $15.00) on shares of Builders FirstSource in a report on Friday, March 10th. Wedbush reaffirmed an “outperform” rating and issued a $19.00 target price (up from $18.00) on shares of Builders FirstSource in a report on Thursday, March 2nd. Finally, Barclays PLC began coverage on shares of Builders FirstSource in a report on Thursday, January 5th. They issued an “equal weight” rating and a $12.00 target price for the company.
Builders FirstSource (NASDAQ:BLDR) traded up 2.13% during midday trading on Monday, hitting $15.31. 903,328 shares of the stock traded hands. The stock has a market capitalization of $1.72 billion, a P/E ratio of 12.06 and a beta of 2.30. The stock’s 50-day moving average price is $14.97 and its 200-day moving average price is $12.18. Builders FirstSource has a 52 week low of $9.04 and a 52 week high of $15.85.
Builders FirstSource (NASDAQ:BLDR) last issued its earnings results on Tuesday, February 28th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.08. The business earned $1.55 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Builders FirstSource had a net margin of 2.03% and a return on equity of 49.20%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities research analysts expect that Builders FirstSource will post $1.06 EPS for the current fiscal year.
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In other news, CEO Floyd F. Sherman sold 15,000 shares of Builders FirstSource stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $15.32, for a total value of $229,800.00. Following the completion of the sale, the chief executive officer now directly owns 668,635 shares in the company, valued at $10,243,488.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Donald F. Mcaleenan sold 71,937 shares of Builders FirstSource stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $15.06, for a total transaction of $1,083,371.22. Following the completion of the sale, the senior vice president now owns 241,755 shares of the company’s stock, valued at $3,640,830.30. The disclosure for this sale can be found here. Insiders sold 10,243,416 shares of company stock valued at $148,760,875 over the last quarter. Company insiders own 36.20% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. National Investment Services Inc. WI raised its stake in shares of Builders FirstSource by 17.9% in the first quarter. National Investment Services Inc. WI now owns 14,950 shares of the company’s stock worth $223,000 after buying an additional 2,266 shares in the last quarter. Fox Run Management L.L.C. raised its stake in shares of Builders FirstSource by 59.6% in the first quarter. Fox Run Management L.L.C. now owns 32,400 shares of the company’s stock worth $483,000 after buying an additional 12,100 shares in the last quarter. Sheets Smith Wealth Management bought a new stake in shares of Builders FirstSource during the first quarter worth approximately $358,000. Teachers Advisors LLC raised its stake in shares of Builders FirstSource by 7.0% in the fourth quarter. Teachers Advisors LLC now owns 196,860 shares of the company’s stock worth $2,160,000 after buying an additional 12,842 shares in the last quarter. Finally, Numeric Investors LLC bought a new stake in shares of Builders FirstSource during the fourth quarter worth approximately $1,164,000. Hedge funds and other institutional investors own 80.91% of the company’s stock.
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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