Builders FirstSource, Inc. (NASDAQ:BLDR) – Research analysts at B. Riley decreased their FY2018 EPS estimates for Builders FirstSource in a research note issued on Wednesday, November 7th. B. Riley analyst A. Rygiel now anticipates that the company will post earnings per share of $1.80 for the year, down from their previous estimate of $1.89. B. Riley also issued estimates for Builders FirstSource’s Q4 2018 earnings at $0.36 EPS.
A number of other research analysts also recently issued reports on BLDR. BidaskClub downgraded shares of Builders FirstSource from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 14th. Zacks Investment Research upgraded shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Tuesday. SunTrust Banks lowered their price objective on shares of Builders FirstSource to $17.00 and set a “buy” rating for the company in a research note on Monday, November 5th. Stephens set a $14.00 price objective on shares of Builders FirstSource and gave the company a “hold” rating in a research note on Monday, November 5th. Finally, Deutsche Bank lowered their price objective on shares of Builders FirstSource from $23.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, November 5th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $19.62.
Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings results on Thursday, November 1st. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.08. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.08 billion. Builders FirstSource had a net margin of 1.44% and a return on equity of 48.32%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 EPS.
In other news, Director Cleveland A. Christophe sold 30,000 shares of Builders FirstSource stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $16.07, for a total value of $482,100.00. Following the completion of the sale, the director now owns 24,991 shares in the company, valued at approximately $401,605.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Floyd F. Sherman sold 196,512 shares of Builders FirstSource stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $13.78, for a total transaction of $2,707,935.36. Following the completion of the sale, the director now owns 478,346 shares of the company’s stock, valued at approximately $6,591,607.88. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new stake in Builders FirstSource during the 2nd quarter valued at $24,638,000. BlackRock Inc. increased its stake in Builders FirstSource by 7.3% during the 2nd quarter. BlackRock Inc. now owns 8,631,344 shares of the company’s stock valued at $157,869,000 after purchasing an additional 585,206 shares in the last quarter. Sei Investments Co. increased its stake in Builders FirstSource by 497.1% during the 2nd quarter. Sei Investments Co. now owns 635,305 shares of the company’s stock valued at $11,621,000 after purchasing an additional 528,913 shares in the last quarter. Hillcrest Asset Management LLC bought a new stake in Builders FirstSource during the 2nd quarter valued at $9,555,000. Finally, Wells Fargo & Company MN increased its stake in Builders FirstSource by 62.9% during the 3rd quarter. Wells Fargo & Company MN now owns 1,152,588 shares of the company’s stock valued at $16,920,000 after purchasing an additional 445,200 shares in the last quarter. Institutional investors own 91.55% of the company’s stock.
About Builders FirstSource
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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