Builders FirstSource, Inc. (NASDAQ:BLDR) Receives $17.00 Average Price Target from Analysts

Builders FirstSource, Inc. (NASDAQ:BLDR) has earned an average rating of “Hold” from the seven analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $17.00.

Several analysts have commented on BLDR shares. BidaskClub raised Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. FBR & Co reissued a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a research note on Tuesday, June 27th. Zacks Investment Research raised Builders FirstSource from a “sell” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Wednesday, May 10th. Citigroup Inc. increased their target price on Builders FirstSource from $14.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, May 11th. Finally, Wedbush reissued an “outperform” rating and set a $20.00 target price (up from $19.00) on shares of Builders FirstSource in a research note on Wednesday, May 17th.

Shares of Builders FirstSource (NASDAQ BLDR) traded up 0.32% on Monday, hitting $15.51. The stock had a trading volume of 384,519 shares. The firm’s 50-day moving average price is $15.40 and its 200 day moving average price is $14.23. Builders FirstSource has a 52-week low of $9.04 and a 52-week high of $16.50. The firm has a market cap of $1.74 billion, a PE ratio of 10.84 and a beta of 2.15.

Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings data on Monday, May 8th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.06. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.49 billion. Builders FirstSource had a return on equity of 48.88% and a net margin of 2.54%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.13) EPS. On average, equities research analysts predict that Builders FirstSource will post $1.09 EPS for the current year.

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In other news, CEO Floyd F. Sherman sold 35,000 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $14.91, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Morris E. Tolly sold 50,268 shares of the firm’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $14.81, for a total value of $744,469.08. Following 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. 14.60% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its stake in Builders FirstSource by 24.6% in the first quarter. Wells Fargo & Company MN now owns 281,497 shares of the company’s stock valued at $4,194,000 after buying an additional 55,596 shares during the period. Essex Investment Management Co. LLC boosted its position in shares of Builders FirstSource by 18.4% in the first quarter. Essex Investment Management Co. LLC now owns 136,729 shares of the company’s stock worth $2,037,000 after buying an additional 21,232 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Builders FirstSource during the first quarter worth $911,000. National Investment Services Inc. WI boosted its position in shares of Builders FirstSource by 17.9% in the first quarter. National Investment Services Inc. WI now owns 14,950 shares of the company’s stock worth $223,000 after buying an additional 2,266 shares during the last quarter. Finally, Fox Run Management L.L.C. boosted its position in shares of Builders FirstSource by 59.6% in the first quarter. Fox Run Management L.L.C. now owns 32,400 shares of the company’s stock worth $483,000 after buying an additional 12,100 shares during the last quarter. Institutional investors and hedge funds own 84.49% 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.

Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

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