Builders FirstSource, Inc. (NASDAQ:BLDR) – Investment analysts at Seaport Global Securities dropped their Q3 2017 earnings per share (EPS) estimates for shares of Builders FirstSource in a report released on Sunday. Seaport Global Securities analyst M. Mccall now anticipates that the company will post earnings per share of $0.40 for the quarter, down from their previous estimate of $0.51. Seaport Global Securities also issued estimates for Builders FirstSource’s Q4 2017 earnings at $0.26 EPS, FY2017 earnings at $1.15 EPS and FY2018 earnings at $1.45 EPS.

Several other equities research analysts have also recently issued reports on the company. Zacks Investment Research cut Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, April 24th. Citigroup Inc. lifted their target price on Builders FirstSource from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, May 11th. Wedbush reaffirmed an “outperform” rating and issued a $20.00 target price (up from $19.00) on shares of Builders FirstSource in a report on Wednesday, May 17th. BidaskClub raised Builders FirstSource from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, FBR & Co reaffirmed a “buy” rating and issued a $20.00 target price on shares of Builders FirstSource in a report on Tuesday, June 27th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.00.

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Builders FirstSource (NASDAQ BLDR) opened at 16.63 on Wednesday. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 11.62 and a beta of 2.16. The firm has a 50-day moving average price of $15.51 and a 200-day moving average price of $14.40. Builders FirstSource has a 52 week low of $9.04 and a 52 week high of $17.00.

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Builders FirstSource had a return on equity of 43.83% and a net margin of 2.60%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 EPS.

In other news, insider Morris E. Tolly sold 50,268 shares of Builders FirstSource stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $14.81, for a total value of $744,469.08. Following the sale, the insider now directly owns 126,205 shares of the company’s stock, valued at $1,869,096.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Floyd F. Sherman sold 35,000 shares of Builders FirstSource stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $14.91, for a total value of $521,850.00. Following the completion of the sale, the chief executive officer now directly owns 633,635 shares in the company, valued at $9,447,497.85. The disclosure for this sale can be found here. Insiders own 14.60% of the company’s stock.

Several large investors have recently modified their holdings of BLDR. BlackRock Inc. boosted its stake in shares of Builders FirstSource by 68,569.7% in the first quarter. BlackRock Inc. now owns 6,349,196 shares of the company’s stock valued at $94,602,000 after buying an additional 6,339,950 shares during the period. Vanguard Group Inc. boosted its stake in shares of Builders FirstSource by 21.7% in the first quarter. Vanguard Group Inc. now owns 5,914,387 shares of the company’s stock valued at $88,124,000 after buying an additional 1,053,799 shares during the last quarter. Morgan Stanley boosted its stake in shares of Builders FirstSource by 185.2% in the first quarter. Morgan Stanley now owns 1,122,932 shares of the company’s stock valued at $16,732,000 after buying an additional 729,178 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in shares of Builders FirstSource during the first quarter valued at $8,552,000. Finally, Congress Asset Management Co. MA bought a new stake in shares of Builders FirstSource during the first quarter valued at $7,468,000. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

About Builders FirstSource

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.

Earnings History and Estimates for Builders FirstSource (NASDAQ:BLDR)

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