Builders FirstSource (BLDR) Reaches New 52-Week High at $20.14
Builders FirstSource, Inc. (NASDAQ:BLDR) hit a new 52-week high during trading on Tuesday . The stock traded as high as $20.14 and last traded at $19.49, with a volume of 1499400 shares changing hands. The stock had previously closed at $19.50.
Several brokerages recently commented on BLDR. Zacks Investment Research raised Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. SunTrust Banks reaffirmed a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a research report on Friday, November 10th. Barclays upped their target price on Builders FirstSource from $15.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, November 10th. Citigroup upped their target price on Builders FirstSource from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. Finally, B. Riley upped their target price on Builders FirstSource from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $20.00.
The company has a market capitalization of $2,292.71, a PE ratio of 19.71 and a beta of 2.14. 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 announced its earnings results on Wednesday, November 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $1.88 billion during 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 company’s revenue 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. sell-side analysts anticipate that Builders FirstSource, Inc. will post 1.06 EPS for the current year.
In other Builders FirstSource news, Director Paul S. Levy acquired 800,000 shares of Builders FirstSource stock in a transaction dated Wednesday, September 6th. The stock was bought at an average cost of $16.17 per share, with a total value of $12,936,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Floyd F. Sherman sold 40,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $19.43, for a total value of $777,200.00. Following the completion of the sale, the chief executive officer now directly owns 623,635 shares of the company’s stock, valued at $12,117,228.05. The disclosure for this sale can be found here. Insiders have sold 14,010,466 shares of company stock valued at $227,428,788 in the last ninety days. Company insiders own 14.60% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Builders FirstSource by 8.9% in the second quarter. BlackRock Inc. now owns 6,912,890 shares of the company’s stock valued at $105,905,000 after acquiring an additional 563,694 shares during the period. Vanguard Group Inc. boosted its position in shares of Builders FirstSource by 2.0% in the second quarter. Vanguard Group Inc. now owns 6,034,263 shares of the company’s stock valued at $92,445,000 after acquiring an additional 119,876 shares during the period. Eagle Asset Management Inc. boosted its position in shares of Builders FirstSource by 30.9% in the third quarter. Eagle Asset Management Inc. now owns 4,224,149 shares of the company’s stock valued at $74,936,000 after acquiring an additional 997,132 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Builders FirstSource by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 3,257,642 shares of the company’s stock valued at $58,604,000 after acquiring an additional 63,672 shares during the period. Finally, Balyasny Asset Management LLC boosted its position in shares of Builders FirstSource by 3.3% in the second quarter. Balyasny Asset Management LLC now owns 1,934,926 shares of the company’s stock valued at $29,643,000 after acquiring an additional 61,899 shares during the period. 94.53% of the stock is owned by 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.
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