Builders FirstSource (BLDR) Sets New 12-Month High at $22.87

Shares of Builders FirstSource, Inc. (NASDAQ:BLDR) hit a new 52-week high on Tuesday . The stock traded as high as $22.87 and last traded at $22.67, with a volume of 1251100 shares changing hands. The stock had previously closed at $22.78.

Several brokerages recently weighed in on BLDR. B. Riley reiterated a “buy” rating on shares of Builders FirstSource in a research report on Wednesday, November 1st. BidaskClub upgraded shares of Builders FirstSource from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 27th. ValuEngine upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. Finally, Barclays boosted their price target on shares of Builders FirstSource from $15.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $21.25.

The firm has a market capitalization of $2,500.00, a PE ratio of 29.12 and a beta of 2.15. The company has a current ratio of 1.86, a quick ratio of 1.06 and a debt-to-equity ratio of 4.46.

Builders FirstSource (NASDAQ:BLDR) last posted its earnings results on Wednesday, November 8th. The company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.87 billion. Builders FirstSource had a net margin of 1.29% and a return on equity of 33.66%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 earnings per share. research analysts expect that Builders FirstSource, Inc. will post 1.03 EPS for the current fiscal year.

In other news, CFO Peter M. Jackson sold 12,500 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $20.51, for a total value of $256,375.00. Following the sale, the chief financial officer now owns 26,587 shares of the company’s stock, valued at approximately $545,299.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Donald F. Mcaleenan sold 166,714 shares of the stock in a transaction dated 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 sale, the senior vice president now directly owns 179,805 shares in the company, valued at approximately $3,265,258.80. The disclosure for this sale can be found here. Insiders sold 377,598 shares of company stock valued at $6,950,025 over the last 90 days. 14.60% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in BLDR. 1st Global Advisors Inc. raised its position in shares of Builders FirstSource by 1.0% in 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 worth $427,000 after acquiring an additional 515 shares in the last quarter. 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 worth $257,000 after acquiring an additional 800 shares in the last quarter. 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 worth $130,000 after acquiring an additional 1,253 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Builders FirstSource by 11.2% during the 2nd quarter. Principal Financial Group Inc. now owns 21,546 shares of the company’s stock worth $330,000 after acquiring an additional 2,166 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Builders FirstSource (BLDR) Sets New 12-Month High at $22.87” was originally reported by Markets Daily and is the sole property of of Markets Daily. If you are reading this article on another site, it was copied illegally and republished in violation of international trademark & copyright law. The original version of this article can be accessed at https://www.themarketsdaily.com/2018/01/11/builders-firstsource-bldr-sets-new-12-month-high-at-22-87.html.

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.

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.

Latest News

Leave a Reply