Builders FirstSource, Inc. (NASDAQ:BLDR) – Equities researchers at B. Riley lowered their FY2017 earnings estimates for shares of Builders FirstSource in a report issued on Friday. B. Riley analyst A. Rygiel now anticipates that the company will post earnings per share of $1.05 for the year, down from their previous estimate of $1.13. B. Riley has a “Buy” rating and a $24.00 price target on the stock. B. Riley also issued estimates for Builders FirstSource’s Q4 2017 earnings at $0.18 EPS.
Other equities analysts also recently issued research reports about the company. BidaskClub upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Wedbush restated a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a report on Thursday, September 7th. Deutsche Bank AG upped their target price on Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. SunTrust Banks, Inc. restated a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a report on Friday, November 10th. Finally, Barclays PLC upped their target price on Builders FirstSource from $15.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $19.50.
Builders FirstSource (NASDAQ:BLDR) opened at $18.27 on Monday. The company has a debt-to-equity ratio of 4.46, a quick ratio of 1.06 and a current ratio of 1.86. The company has a market capitalization of $2,060.00, a P/E ratio of 17.44 and a beta of 2.14. Builders FirstSource has a twelve month low of $10.13 and a twelve month high of $18.82.
Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. Builders FirstSource had a return on equity of 33.66% and a net margin of 1.29%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The business’s revenue was up 7.6% on a year-over-year basis.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BLDR. Cubist Systematic Strategies LLC purchased a new stake in shares of Builders FirstSource in the third quarter worth $110,000. SG Americas Securities LLC purchased a new stake in shares of Builders FirstSource in the second quarter worth $114,000. Ameritas Investment Partners Inc. grew its stake in shares of Builders FirstSource by 17.3% in the second 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 during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Builders FirstSource by 10,237.3% in the second quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock worth $131,000 after acquiring an additional 8,497 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in shares of Builders FirstSource in the third quarter worth $147,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Floyd F. Sherman sold 109,536 shares of the stock in a transaction on Friday, September 8th. The stock was sold at an average price of $16.72, for a total value of $1,831,441.92. Following the sale, the chief executive officer now directly owns 773,171 shares of the company’s stock, valued at $12,927,419.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Cleveland A. Christophe sold 36,000 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $16.66, for a total value of $599,760.00. Following the completion of the sale, the director now directly owns 48,181 shares in the company, valued at $802,695.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,645,368 shares of company stock worth $220,735,138. 14.60% of the stock is owned by insiders.
About Builders FirstSource
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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