Builders FirstSource, Inc. (NASDAQ:BLDR) has received an average recommendation of “Hold” from the eight research firms that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $17.00.
Several research analysts have weighed in on the stock. Zacks Investment Research cut shares of Builders FirstSource from a “hold” rating to a “sell” rating in a report on Thursday, May 4th. FBR & Co reaffirmed an “outperform” rating and set a $20.00 target price (up from $15.00) on shares of Builders FirstSource in a report on Friday, March 10th. Citigroup Inc. raised their target price on shares of Builders FirstSource from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, May 11th. BidaskClub raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Wedbush reaffirmed an “outperform” rating and set a $20.00 target price (up from $19.00) on shares of Builders FirstSource in a report on Wednesday, May 17th.
Builders FirstSource (BLDR) traded down 0.33% on Tuesday, reaching $15.31. The company’s stock had a trading volume of 1,134,244 shares. The firm has a market capitalization of $1.72 billion, a PE ratio of 10.70 and a beta of 2.23. The stock’s 50 day moving average is $14.75 and its 200-day moving average is $13.43. Builders FirstSource has a 52 week low of $9.04 and a 52 week high of $16.50.
Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings results on Monday, May 8th. The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.06. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Builders FirstSource had a net margin of 2.54% and a return on equity of 48.88%. The business’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.13) EPS. Analysts predict that Builders FirstSource will post $1.09 EPS for the current year.
In other Builders FirstSource news, CEO Floyd F. Sherman sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $14.91, for a total value of $521,850.00. Following the sale, the chief executive officer now owns 633,635 shares in the company, valued at $9,447,497.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Morris E. Tolly sold 50,268 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $14.81, for a total transaction of $744,469.08. Following the completion of the sale, the insider now owns 126,205 shares in the company, valued at approximately $1,869,096.05. The disclosure for this sale can be found here. Company insiders own 14.60% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Clearbridge Investments LLC raised its stake in shares of Builders FirstSource by 47.1% in the first quarter. Clearbridge Investments LLC now owns 251,612 shares of the company’s stock worth $3,749,000 after buying an additional 80,559 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Builders FirstSource by 384.0% in the first quarter. Goldman Sachs Group Inc. now owns 325,590 shares of the company’s stock worth $4,851,000 after buying an additional 258,324 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of Builders FirstSource by 217.5% in the first quarter. Point72 Asset Management L.P. now owns 206,400 shares of the company’s stock worth $3,075,000 after buying an additional 141,400 shares in the last quarter. Driehaus Capital Management LLC bought a new stake in shares of Builders FirstSource during the first quarter worth $4,843,000. Finally, Caxton Associates LP bought a new stake in shares of Builders FirstSource during the first quarter worth $4,470,000. Hedge funds and other institutional investors own 85.83% of the company’s stock.
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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