Builders FirstSource, Inc. (NASDAQ:BLDR) has been assigned an average rating of “Buy” from the eight ratings firms that are currently covering the firm. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $16.17.
Several equities research analysts have weighed in on BLDR shares. Zacks Investment Research raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Monday, March 27th. Barclays PLC started coverage on shares of Builders FirstSource in a report on Thursday, January 5th. They issued an “equal weight” rating and a $12.00 price objective for the company. FBR & Co restated an “outperform” rating and issued a $20.00 price objective (up from $15.00) on shares of Builders FirstSource in a report on Friday, March 10th. Finally, Wedbush restated an “outperform” rating and issued a $19.00 price objective (up from $18.00) on shares of Builders FirstSource in a report on Thursday, March 2nd.
Builders FirstSource (NASDAQ:BLDR) traded down 0.098% during midday trading on Wednesday, reaching $15.295. The company’s stock had a trading volume of 530,719 shares. Builders FirstSource has a 52 week low of $9.04 and a 52 week high of $15.85. The firm has a 50 day moving average price of $14.97 and a 200-day moving average price of $12.18. The firm has a market cap of $1.71 billion, a P/E ratio of 12.043 and a beta of 2.30.
Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings data on Tuesday, February 28th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.08. Builders FirstSource had a net margin of 2.03% and a return on equity of 49.20%. The company earned $1.55 billion during the quarter, compared to analysts’ expectations of $1.50 billion. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, analysts forecast that Builders FirstSource will post $1.06 earnings per share for the current fiscal year.
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In related news, COO M Chad Crow sold 106,479 shares of the stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $15.08, for a total transaction of $1,605,703.32. Following the sale, the chief operating officer now directly owns 398,458 shares of the company’s stock, valued at approximately $6,008,746.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Donald F. Mcaleenan sold 71,937 shares of the firm’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $15.06, for a total transaction of $1,083,371.22. Following the sale, the senior vice president now directly owns 241,755 shares in the company, valued at approximately $3,640,830.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,243,416 shares of company stock valued at $148,760,875. 36.20% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Stelliam Investment Management LP increased its position in Builders FirstSource by 82.4% in the fourth quarter. Stelliam Investment Management LP now owns 3,325,000 shares of the company’s stock worth $36,475,000 after buying an additional 1,502,500 shares during the last quarter. Ruane Cunniff & Goldfarb Inc. increased its position in Builders FirstSource by 25.0% in the fourth quarter. Ruane Cunniff & Goldfarb Inc. now owns 5,007,377 shares of the company’s stock worth $54,931,000 after buying an additional 1,000,000 shares during the last quarter. Boston Partners increased its position in Builders FirstSource by 39.1% in the third quarter. Boston Partners now owns 2,172,662 shares of the company’s stock worth $25,007,000 after buying an additional 610,871 shares during the last quarter. King Luther Capital Management Corp acquired a new position in Builders FirstSource during the third quarter worth about $5,227,000. Finally, Adage Capital Partners GP L.L.C. increased its position in Builders FirstSource by 14.0% in the third quarter. Adage Capital Partners GP L.L.C. now owns 2,291,855 shares of the company’s stock worth $26,379,000 after buying an additional 281,356 shares during the last quarter. 80.91% of the stock is currently owned by institutional investors.
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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