SunTrust Banks, Inc. reaffirmed their buy rating on shares of Builders FirstSource, Inc. (NASDAQ:BLDR) in a research note released on Friday morning. SunTrust Banks, Inc. currently has a $20.00 price objective on the stock. SunTrust Banks also issued estimates for Builders FirstSource’s Q4 2017 earnings at $0.19 EPS, FY2017 earnings at $1.06 EPS, Q1 2018 earnings at $0.15 EPS, Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.59 EPS, Q4 2018 earnings at $0.31 EPS and FY2018 earnings at $1.53 EPS.
Other equities research analysts have also issued research reports about the stock. B. Riley reissued a buy rating on shares of Builders FirstSource in a report on Wednesday, November 1st. Barclays PLC raised their price target on shares of Builders FirstSource from $15.00 to $17.00 and gave the stock an equal weight rating in a report on Friday. BidaskClub lowered shares of Builders FirstSource from a buy rating to a hold rating in a report on Monday, July 31st. Deutsche Bank AG raised their price target on shares of Builders FirstSource from $17.00 to $19.00 and gave the stock a buy rating in a report on Wednesday, August 9th. Finally, Citigroup Inc. raised their price target on shares of Builders FirstSource from $18.00 to $20.00 and gave the stock a neutral rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $19.50.
Shares of Builders FirstSource (NASDAQ:BLDR) opened at $18.46 on Friday. The stock has a market cap of $2,084.90, a price-to-earnings ratio of 17.92 and a beta of 2.14. Builders FirstSource has a twelve month low of $10.07 and a twelve month 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.
Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates 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 was up 7.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 EPS. equities analysts expect that Builders FirstSource will post 1.04 earnings per share for the current year.
In other news, major shareholder Jll Partners Fund V. Lp sold 13,482,177 shares of Builders FirstSource stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $16.17, for a total transaction of $218,006,802.09. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul S. Levy bought 800,000 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were bought at an average cost of $16.17 per share, for a total transaction of $12,936,000.00. The disclosure for this purchase can be found here. Insiders have sold a total of 13,645,368 shares of company stock worth $220,735,138 in the last ninety days. Insiders own 14.60% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in BLDR. BlackRock Inc. boosted its stake in shares of Builders FirstSource by 68,569.7% during the 1st quarter. BlackRock Inc. now owns 6,349,196 shares of the company’s stock valued at $94,602,000 after purchasing an additional 6,339,950 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Builders FirstSource by 21.7% during the 1st quarter. Vanguard Group Inc. now owns 5,914,387 shares of the company’s stock valued at $88,124,000 after purchasing an additional 1,053,799 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in shares of Builders FirstSource by 30.9% during the 3rd quarter. Eagle Asset Management Inc. now owns 4,224,149 shares of the company’s stock valued at $74,936,000 after purchasing an additional 997,132 shares in the last quarter. Morgan Stanley boosted its stake in shares of Builders FirstSource by 185.2% during the 1st quarter. Morgan Stanley now owns 1,122,932 shares of the company’s stock valued at $16,732,000 after purchasing an additional 729,178 shares in the last quarter. Finally, Hodges Capital Management Inc. purchased a new position in Builders FirstSource during the 3rd quarter valued at about $12,170,000. 86.23% of the stock is currently owned by hedge funds and other 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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