Shares of Builders FirstSource, Inc. (NASDAQ:BLDR) have been assigned an average rating of “Buy” from the thirteen ratings firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $23.41.
Several research analysts recently weighed in on BLDR shares. B. Riley reissued a “buy” rating on shares of Builders FirstSource in a research note on Wednesday, November 1st. Citigroup raised their target price on shares of Builders FirstSource from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. Barclays raised their target price on shares of Builders FirstSource from $15.00 to $17.00 and gave the stock an “equal weight” rating in a report on Friday, November 10th. SunTrust Banks restated a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a report on Friday, November 10th. Finally, Zacks Investment Research upgraded shares of Builders FirstSource from a “sell” rating to a “hold” rating in a report on Monday, November 13th.
In other Builders FirstSource news, CFO Peter M. Jackson sold 12,500 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $20.51, for a total transaction of $256,375.00. Following the sale, the chief financial officer now directly owns 26,587 shares in the company, valued at approximately $545,299.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Floyd F. Sherman sold 40,000 shares of Builders FirstSource stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $19.43, for a total transaction of $777,200.00. Following the completion of the sale, the chief executive officer now owns 623,635 shares in the company, valued at $12,117,228.05. The disclosure for this sale can be found here. Company insiders own 14.60% of the company’s stock.
Builders FirstSource (NASDAQ BLDR) traded up $0.06 during trading on Tuesday, reaching $19.88. 1,160,600 shares of the company traded hands, compared to its average volume of 1,384,137. Builders FirstSource has a twelve month low of $12.12 and a twelve month high of $23.28. The company has a market cap of $2,330.00, a price-to-earnings ratio of 27.12 and a beta of 2.01. The company has a quick ratio of 1.06, a current ratio of 1.86 and a debt-to-equity ratio of 4.46.
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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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