Builders FirstSource Inc. (BLDR) Trading Up 3%
Builders FirstSource Inc. (NASDAQ:BLDR)’s share price was up 3% during mid-day trading on Monday . The company traded as high as $13.76 and last traded at $13.40, with a volume of 773,076 shares traded. The stock had previously closed at $13.01.
A number of equities analysts have recently issued reports on BLDR shares. Zacks Investment Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Monday, July 18th. FBR & Co started coverage on shares of Builders FirstSource in a research report on Wednesday, June 1st. They set an “outperform” rating and a $16.00 price objective on the stock. Credit Suisse Group AG reissued a “hold” rating on shares of Builders FirstSource in a research report on Tuesday, June 28th. Citigroup Inc. increased their price objective on shares of Builders FirstSource from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Monday, August 8th. Finally, Sterne Agee CRT reissued a “buy” rating on shares of Builders FirstSource in a research report on Monday, May 16th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $14.57.
The firm’s market cap is $1.50 billion. The firm has a 50 day moving average price of $12.84 and a 200-day moving average price of $11.32.
Builders FirstSource (NASDAQ:BLDR) last issued its earnings results on Thursday, August 4th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by $0.05. During the same quarter in the previous year, the firm posted $0.14 EPS. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.72 billion. The firm’s revenue for the quarter was up 263.4% compared to the same quarter last year. Equities research analysts expect that Builders FirstSource Inc. will post $0.78 earnings per share for the current fiscal year.
In other Builders FirstSource news, SVP Donald F. Mcaleenan sold 70,000 shares of the business’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 owns 373,238 shares in the company, valued at $4,687,869.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO M Chad Crow sold 117,250 shares of the business’s stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $11.98, for a total transaction of $1,404,655.00. Following the completion of the transaction, the chief financial officer now owns 428,699 shares in the company, valued at approximately $5,135,814.02. The disclosure for this sale can be found here.
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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