Builders FirstSource, Inc. (BLDR) PT Raised to $17.00
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.
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