Analysts Set Builders FirstSource Inc. (NASDAQ:BLDR) PT at $15.40
Builders FirstSource Inc. (NASDAQ:BLDR) has been assigned an average rating of “Buy” from the eight brokerages that are presently covering the stock. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $15.40.
Several equities research analysts have weighed in on BLDR shares. Credit Suisse Group AG reiterated a “hold” rating on shares of Builders FirstSource in a report on Tuesday, June 28th. Zacks Investment Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Monday, July 18th. Citigroup Inc. upped their target price on Builders FirstSource from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Monday, August 8th. Finally, Wedbush reiterated an “outperform” rating and issued a $18.00 target price on shares of Builders FirstSource in a report on Tuesday, September 6th.
In related news, CEO Floyd F. Sherman sold 235,753 shares of the company’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $12.39, for a total transaction of $2,920,979.67. Following the transaction, the chief executive officer now directly owns 559,963 shares of the company’s stock, valued at approximately $6,937,941.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Donald F. Mcaleenan sold 70,000 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $12.56, for a total value of $879,200.00. Following the transaction, the senior vice president now directly owns 373,238 shares in the company, valued at $4,687,869.28. The disclosure for this sale can be found here. 36.20% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc raised its position in shares of Builders FirstSource by 84.3% in the first quarter. Legal & General Group Plc now owns 9,282 shares of the company’s stock valued at $101,000 after buying an additional 4,247 shares in the last quarter. ProShare Advisors LLC acquired a new position in shares of Builders FirstSource during the second quarter valued at about $122,000. BB&T Securities LLC acquired a new position in shares of Builders FirstSource during the second quarter valued at about $127,000. BlackRock Inc. raised its position in shares of Builders FirstSource by 193.3% in the second quarter. BlackRock Inc. now owns 11,392 shares of the company’s stock valued at $128,000 after buying an additional 7,508 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Builders FirstSource by 35.5% in the second quarter. Teacher Retirement System of Texas now owns 12,319 shares of the company’s stock valued at $139,000 after buying an additional 3,226 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors.
Shares of Builders FirstSource (NASDAQ:BLDR) opened at 11.21 on Friday. Builders FirstSource has a 52-week low of $6.50 and a 52-week high of $15.72. The company’s 50 day moving average price is $12.40 and its 200 day moving average price is $11.96. The stock’s market capitalization is $1.24 billion.
Builders FirstSource (NASDAQ:BLDR) last issued its earnings results on Thursday, August 4th. The company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.05. Builders FirstSource had a positive return on equity of 38.21% and a negative net margin of 0.12%. The firm earned $1.70 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the prior year, the company posted $0.14 earnings per share. Builders FirstSource’s quarterly revenue was up 263.4% compared to the same quarter last year. On average, equities research analysts anticipate that Builders FirstSource will post $0.80 EPS for the current year.
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 and consumers. The Company’s operating segments include Northeast, Southeast, South and West. It offers solution to its customers providing manufacturing, supply and installation of a range of structural and related building products.
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