Builders FirstSource, Inc. (NASDAQ:BLDR) – Research analysts at Wedbush decreased their Q4 2017 earnings per share (EPS) estimates for shares of Builders FirstSource in a note issued to investors on Friday. Wedbush analyst J. Mccanless now anticipates that the company will post earnings of $0.14 per share for the quarter, down from their prior forecast of $0.16. Wedbush currently has a “Buy” rating and a $20.00 price objective on the stock. Wedbush also issued estimates for Builders FirstSource’s Q1 2018 earnings at $0.14 EPS, Q2 2018 earnings at $0.44 EPS, Q3 2018 earnings at $0.46 EPS and FY2018 earnings at $1.31 EPS.
A number of other equities analysts have also weighed in on BLDR. BidaskClub raised Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Deutsche Bank AG boosted their price target on Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. B. Riley restated a “buy” rating on shares of Builders FirstSource in a research note on Wednesday, November 1st. Finally, Citigroup Inc. boosted their price target on Builders FirstSource from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $19.50.
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Builders FirstSource (BLDR) opened at $17.96 on Monday. Builders FirstSource has a 52-week low of $10.13 and a 52-week high of $18.82. The company has a debt-to-equity ratio of 4.46, a current ratio of 1.86 and a quick ratio of 1.06. The firm has a market capitalization of $2,084.90, a PE ratio of 17.92 and a beta of 2.14.
Builders FirstSource (NASDAQ:BLDR) last issued its earnings results on Wednesday, November 8th. The company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. Builders FirstSource had a return on equity of 33.66% and a net margin of 1.29%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the firm earned $0.61 EPS. Builders FirstSource’s revenue was up 7.6% on a year-over-year basis.
Several large investors have recently made changes to their positions in the stock. Alps Advisors Inc. grew its stake in shares of Builders FirstSource by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 31,670 shares of the company’s stock valued at $485,000 after acquiring an additional 82 shares during the period. 1st Global Advisors Inc. grew its stake in shares of Builders FirstSource by 1.0% during the 2nd quarter. 1st Global Advisors Inc. now owns 13,694 shares of the company’s stock valued at $210,000 after acquiring an additional 137 shares during the period. Suntrust Banks Inc. grew its stake in shares of Builders FirstSource by 1.9% during the 2nd quarter. Suntrust Banks Inc. now owns 27,934 shares of the company’s stock valued at $427,000 after acquiring an additional 515 shares during the period. Wall Street Access Asset Management LLC grew its stake in shares of Builders FirstSource by 5.0% during the 2nd quarter. Wall Street Access Asset Management LLC now owns 16,800 shares of the company’s stock valued at $257,000 after acquiring an additional 800 shares during the period. Finally, Ameritas Investment Partners Inc. grew its stake in shares of Builders FirstSource by 17.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock valued at $130,000 after acquiring an additional 1,253 shares during the period. Institutional investors own 86.23% of the company’s stock.
In related news, Director Robert C. Griffin sold 17,655 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $16.83, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Paul S. Levy acquired 800,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The shares were 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. Over the last 90 days, insiders have sold 13,645,368 shares of company stock valued at $220,735,138. Corporate insiders own 14.60% 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.
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