Builders FirstSource, Inc. (NASDAQ:BLDR) had its price target raised by equities researchers at Barclays PLC from $15.00 to $17.00 in a research note issued to investors on Friday. The firm currently has an “equal weight” rating on the stock. Barclays PLC’s price objective would suggest a potential downside of 7.91% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. B. Riley raised their price target on Builders FirstSource from $20.00 to $24.00 and gave the company a “buy” rating in a report on Friday. BidaskClub upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Wedbush reiterated a “buy” rating and issued a $20.00 price target on shares of Builders FirstSource in a report on Thursday, September 7th. Deutsche Bank AG raised their price target on Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Finally, Zacks Investment Research upgraded Builders FirstSource from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.50.

Shares of Builders FirstSource (BLDR) opened at $18.46 on Friday. The company has a debt-to-equity ratio of 4.46, a quick ratio of 1.06 and a current ratio of 1.86. The company has a market capitalization of $2,084.90, a price-to-earnings ratio of 17.92 and a beta of 2.14. Builders FirstSource has a 1-year low of $10.07 and a 1-year high of $18.82.

Builders FirstSource (NASDAQ:BLDR) last announced its earnings results on Wednesday, November 8th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Builders FirstSource had a return on equity of 33.66% and a net margin of 1.29%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. research analysts expect that Builders FirstSource will post 1.04 EPS for the current fiscal year.

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In other Builders FirstSource news, CEO Floyd F. Sherman sold 109,536 shares of the stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $16.72, for a total value of $1,831,441.92. Following the transaction, the chief executive officer now owns 773,171 shares of the company’s stock, valued at $12,927,419.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert C. Griffin sold 17,655 shares of the stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $16.83, for a total value of $297,133.65. Following the completion of the transaction, the director now directly owns 40,050 shares in the company, valued at approximately $674,041.50. The disclosure for this sale can be found here. Insiders sold 13,645,368 shares of company stock worth $220,735,138 in the last three months. Insiders own 14.60% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. lifted its stake in Builders FirstSource by 0.3% in the second quarter. Alps Advisors Inc. now owns 31,670 shares of the company’s stock valued at $485,000 after buying an additional 82 shares during the period. 1st Global Advisors Inc. lifted its stake in Builders FirstSource by 1.0% in the second quarter. 1st Global Advisors Inc. now owns 13,694 shares of the company’s stock valued at $210,000 after buying an additional 137 shares during the period. Suntrust Banks Inc. lifted its stake in Builders FirstSource by 1.9% in the second quarter. Suntrust Banks Inc. now owns 27,934 shares of the company’s stock valued at $427,000 after buying an additional 515 shares during the period. Wall Street Access Asset Management LLC lifted its stake in Builders FirstSource by 5.0% in the second quarter. Wall Street Access Asset Management LLC now owns 16,800 shares of the company’s stock valued at $257,000 after buying an additional 800 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its stake in Builders FirstSource by 17.3% in the second quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock valued at $130,000 after buying an additional 1,253 shares during the period. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

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, 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.

Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

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