SunTrust Banks Cuts Builders FirstSource (BLDR) Price Target to $17.00

Builders FirstSource (NASDAQ:BLDR) had its price objective decreased by SunTrust Banks to $17.00 in a report released on Monday, The Fly reports. SunTrust Banks currently has a buy rating on the stock.

A number of other equities research analysts have also commented on the stock. ValuEngine lowered shares of Builders FirstSource from a sell rating to a strong sell rating in a report on Friday, September 21st. BidaskClub raised shares of Builders FirstSource from a strong sell rating to a sell rating in a research report on Thursday, September 13th. Zacks Investment Research downgraded shares of Builders FirstSource from a hold rating to a sell rating in a research report on Tuesday, October 9th. Stephens downgraded shares of Builders FirstSource from an overweight rating to an equal rating and set a $19.00 target price for the company. in a research report on Thursday, October 18th. Finally, TheStreet raised shares of Builders FirstSource from a c+ rating to a b rating in a research report on Wednesday, August 15th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $19.62.

Shares of NASDAQ:BLDR traded down $0.37 during midday trading on Monday, reaching $13.24. 60,836 shares of the company were exchanged, compared to its average volume of 1,972,675. Builders FirstSource has a fifty-two week low of $11.60 and a fifty-two week high of $23.28. The company has a quick ratio of 1.12, a current ratio of 2.09 and a debt-to-equity ratio of 3.39. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 1.51 and a beta of 1.93.

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.08. Builders FirstSource had a net margin of 1.44% and a return on equity of 48.32%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same period last year, the business posted $0.39 earnings per share. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. Research analysts expect that Builders FirstSource will post 1.84 earnings per share for the current fiscal year.

In other news, Director Robert C. Griffin sold 16,756 shares of Builders FirstSource stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $17.15, for a total value of $287,365.40. Following the completion of the transaction, the director now owns 30,104 shares of the company’s stock, valued at approximately $516,283.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David Barr acquired 60,000 shares of the firm’s stock in a transaction dated Friday, August 31st. The stock was purchased at an average cost of $15.63 per share, with a total value of $937,800.00. Following the transaction, the director now owns 79,496 shares in the company, valued at $1,242,522.48. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in BLDR. Principal Financial Group Inc. grew its position in shares of Builders FirstSource by 7.4% in the 1st quarter. Principal Financial Group Inc. now owns 81,790 shares of the company’s stock valued at $1,623,000 after acquiring an additional 5,610 shares during the period. UBS Group AG boosted its holdings in shares of Builders FirstSource by 58.9% during the 1st quarter. UBS Group AG now owns 25,995 shares of the company’s stock worth $516,000 after buying an additional 9,637 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in shares of Builders FirstSource by 109.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 13,123 shares of the company’s stock worth $260,000 after buying an additional 6,858 shares during the period. Royal Bank of Canada boosted its holdings in shares of Builders FirstSource by 140.2% during the 1st quarter. Royal Bank of Canada now owns 10,965 shares of the company’s stock worth $218,000 after buying an additional 6,401 shares during the period. Finally, Xact Kapitalforvaltning AB boosted its holdings in shares of Builders FirstSource by 61.2% during the 1st quarter. Xact Kapitalforvaltning AB now owns 17,904 shares of the company’s stock worth $355,000 after buying an additional 6,800 shares during the period. 91.55% of the stock is owned by institutional investors.

Builders FirstSource Company Profile

Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.

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