Builders FirstSource, Inc. (BLDR) Sets New 1-Year High at $17.30
Shares of Builders FirstSource, Inc. (NASDAQ:BLDR) reached a new 52-week high during trading on Friday . The company traded as high as $17.30 and last traded at $17.30, with a volume of 779,125 shares. The stock had previously closed at $16.75.
Several analysts have issued reports on the stock. Deutsche Bank AG upped their price target on shares of Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. BidaskClub downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Wedbush reaffirmed a “buy” rating and issued a $20.00 price target on shares of Builders FirstSource in a report on Thursday, September 7th. Finally, FBR & Co reaffirmed a “buy” rating and issued a $20.00 price target on shares of Builders FirstSource in a report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $17.29.
The stock’s 50 day moving average is $16.10 and its 200 day moving average is $15.34. The firm has a market cap of $1.95 billion, a P/E ratio of 11.46 and a beta of 2.11.
Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.03. Builders FirstSource had a net margin of 2.60% and a return on equity of 43.83%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter last year, the firm posted $0.31 EPS. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, analysts expect that Builders FirstSource, Inc. will post $1.12 EPS for the current fiscal year.
In other Builders FirstSource news, major shareholder Jll Partners Fund V. Lp sold 13,482,177 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $16.17, for a total value of $218,006,802.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert C. Griffin sold 17,655 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $16.83, for a total transaction of $297,133.65. Following the completion of the transaction, the director now owns 40,050 shares of the company’s stock, valued at $674,041.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,645,368 shares of company stock valued at $220,735,138. Insiders own 14.60% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its holdings in shares of Builders FirstSource by 68.3% during the first quarter. Envestnet Asset Management Inc. now owns 9,511 shares of the company’s stock worth $143,000 after purchasing an additional 3,861 shares during the period. US Bancorp DE boosted its holdings in shares of Builders FirstSource by 49.2% during the first quarter. US Bancorp DE now owns 72,231 shares of the company’s stock worth $1,077,000 after purchasing an additional 23,811 shares during the period. Globeflex Capital L P acquired a new stake in shares of Builders FirstSource during the first quarter worth approximately $1,343,000. Peregrine Capital Management LLC acquired a new stake in shares of Builders FirstSource during the second quarter worth approximately $7,059,000. Finally, Wells Fargo & Company MN boosted its holdings in shares of Builders FirstSource by 24.6% during the first quarter. Wells Fargo & Company MN now owns 281,497 shares of the company’s stock worth $4,194,000 after purchasing an additional 55,596 shares during the period. Institutional investors own 85.44% of the company’s stock.
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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.
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