Builders FirstSource, Inc. (NASDAQ:BLDR) – Investment analysts at SunTrust Banks reduced their FY2017 earnings estimates for Builders FirstSource in a research report issued to clients and investors on Thursday. SunTrust Banks analyst K. Hughes now expects that the company will earn $1.06 per share for the year, down from their prior estimate of $1.10. SunTrust Banks currently has a “Buy” rating and a $20.00 price objective on the stock. SunTrust Banks also issued estimates for Builders FirstSource’s Q4 2017 earnings at $0.19 EPS, Q1 2018 earnings at $0.15 EPS, Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.59 EPS, Q4 2018 earnings at $0.31 EPS and FY2018 earnings at $1.53 EPS.

A number of other research firms also recently issued reports on BLDR. BidaskClub downgraded Builders FirstSource from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Deutsche Bank AG lifted their target price on Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. Citigroup Inc. raised their price target on Builders FirstSource from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday. B. Riley reissued a “buy” rating on shares of Builders FirstSource in a report on Wednesday, November 1st. Finally, Wedbush reissued a “buy” rating and set a $20.00 price target on shares of Builders FirstSource in a report on Thursday, September 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $19.50.

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Builders FirstSource (BLDR) opened at $17.96 on Monday. The stock 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 52 week low of $10.13 and a 52 week high of $18.82. The company has a quick ratio of 1.06, a current ratio of 1.86 and a debt-to-equity ratio of 4.46.

Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.87 billion. Builders FirstSource had a return on equity of 33.66% and a net margin of 1.29%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the business posted $0.61 EPS.

In related news, Director Cleveland A. Christophe sold 36,000 shares of Builders FirstSource stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $16.66, for a total value of $599,760.00. Following the completion of the transaction, the director now owns 48,181 shares in the company, valued at $802,695.46. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul S. Levy purchased 800,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was bought at an average price of $16.17 per share, with a total value of $12,936,000.00. The disclosure for this purchase can be found here. Insiders sold 13,645,368 shares of company stock worth $220,735,138 over the last ninety days. Insiders own 14.60% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in Builders FirstSource in the second quarter worth about $114,000. Victory Capital Management Inc. purchased a new position in Builders FirstSource in the third quarter worth about $147,000. Ameritas Investment Partners Inc. boosted its position in shares of Builders FirstSource by 17.3% during 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. PNC Financial Services Group Inc. boosted its position in shares of Builders FirstSource by 10,237.3% during the second quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock valued at $131,000 after buying an additional 8,497 shares during the period. Finally, Wilen Investment Management CORP. purchased a new position in shares of Builders FirstSource during the second quarter valued at approximately $150,000. Institutional investors own 86.23% of the company’s stock.

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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