Seaport Global Securities reissued their buy rating on shares of Builders FirstSource (NASDAQ:BLDR) in a research note issued to investors on Wednesday morning. They currently have a $26.00 price target on the stock.

Several other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Builders FirstSource from a hold rating to a sell rating in a research note on Monday, October 9th. B. Riley boosted their target price on shares of Builders FirstSource from $20.00 to $24.00 and gave the company a buy rating in a research note on Friday, November 10th. SunTrust Banks reissued a buy rating and set a $20.00 target price on shares of Builders FirstSource in a research note on Friday, November 10th. Barclays boosted their target price on shares of Builders FirstSource from $15.00 to $17.00 and gave the company an equal weight rating in a research note on Friday, November 10th. Finally, ValuEngine downgraded shares of Builders FirstSource from a strong-buy rating to a buy rating in a research note on Friday, December 1st. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $20.75.

Shares of Builders FirstSource (BLDR) traded up $0.43 during trading hours on Wednesday, reaching $22.78. 1,473,272 shares of the company’s stock traded hands, compared to its average volume of 1,293,211. The company has a debt-to-equity ratio of 4.46, a quick ratio of 1.06 and a current ratio of 1.86. Builders FirstSource has a 52 week low of $10.56 and a 52 week high of $22.78. The firm has a market cap of $2,572.80, a P/E ratio of 29.97 and a beta of 2.16.

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, beating the consensus estimate of $0.37 by $0.02. Builders FirstSource had a net margin of 1.29% and a return on equity of 33.66%. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the business earned $0.61 EPS. The company’s revenue was up 7.6% on a year-over-year basis. analysts expect that Builders FirstSource will post 1.03 EPS for the current year.

In other news, CFO Peter M. Jackson sold 12,500 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $20.51, for a total value of $256,375.00. Following the transaction, the chief financial officer now directly owns 26,587 shares of the company’s stock, valued at $545,299.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Donald F. Mcaleenan sold 166,714 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $18.16, for a total transaction of $3,027,526.24. Following the completion of the sale, the senior vice president now owns 179,805 shares of the company’s stock, valued at $3,265,258.80. The disclosure for this sale can be found here. Insiders sold 377,598 shares of company stock worth $6,950,025 over the last ninety days. 14.60% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of BLDR. Eagle Asset Management Inc. boosted its holdings in Builders FirstSource by 30.9% in the third quarter. Eagle Asset Management Inc. now owns 4,224,149 shares of the company’s stock worth $74,936,000 after purchasing an additional 997,132 shares in the last quarter. Hodges Capital Management Inc. bought a new stake in Builders FirstSource in the third quarter worth $12,170,000. Impala Asset Management LLC bought a new stake in Builders FirstSource in the second quarter worth $9,498,000. BlackRock Inc. boosted its holdings in Builders FirstSource by 8.9% in the second quarter. BlackRock Inc. now owns 6,912,890 shares of the company’s stock worth $105,905,000 after purchasing an additional 563,694 shares in the last quarter. Finally, Formula Growth Ltd. boosted its holdings in Builders FirstSource by 41.9% in the second quarter. Formula Growth Ltd. now owns 1,633,585 shares of the company’s stock worth $25,027,000 after purchasing an additional 482,228 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Seaport Global Securities Reiterates “Buy” Rating for Builders FirstSource (BLDR)” was first reported by Daily Political and is the property of of Daily Political. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece can be read at https://www.dailypolitical.com/2018/01/07/seaport-global-securities-reiterates-buy-rating-for-builders-firstsource-bldr.html.

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.

Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter.