ValuEngine upgraded shares of Builders FirstSource (NASDAQ:BLDR) from a hold rating to a buy rating in a research note issued to investors on Sunday.
Several other research firms have also issued reports on BLDR. BidaskClub raised Builders FirstSource from a buy rating to a strong-buy rating in a research note on Wednesday, December 27th. Citigroup increased their target price on Builders FirstSource from $18.00 to $20.00 and gave the stock a neutral rating in a research note on Friday, November 10th. B. Riley reissued a buy rating on shares of Builders FirstSource in a research note on Wednesday, November 1st. Wedbush reissued a buy rating and set a $20.00 target price on shares of Builders FirstSource in a research note on Thursday, September 7th. Finally, Zacks Investment Research raised Builders FirstSource from a sell rating to a hold rating in a research note on Monday, November 13th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and an average target price of $20.75.
Builders FirstSource (NASDAQ:BLDR) opened at $22.41 on Friday. Builders FirstSource has a 12 month low of $10.56 and a 12 month high of $22.46. The company has a current ratio of 1.86, a quick ratio of 1.06 and a debt-to-equity ratio of 4.46. The stock has a market capitalization of $2,530.00, a PE ratio of 29.49 and a beta of 2.15.
In other Builders FirstSource news, CEO Floyd F. Sherman sold 40,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $19.43, for a total transaction of $777,200.00. Following the sale, the chief executive officer now owns 623,635 shares in the company, valued at approximately $12,117,228.05. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Donald F. Mcaleenan sold 166,714 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $18.16, for a total value of $3,027,526.24. Following the sale, the senior vice president now owns 179,805 shares in the company, valued at approximately $3,265,258.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 377,598 shares of company stock worth $6,950,025. 14.60% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC purchased a new stake in Builders FirstSource during the 3rd quarter worth about $110,000. SG Americas Securities LLC purchased a new position in shares of Builders FirstSource in the 2nd quarter valued at about $114,000. Victory Capital Management Inc. purchased a new position in shares of Builders FirstSource in the 3rd quarter valued at about $147,000. Ameritas Investment Partners Inc. increased its holdings in shares of Builders FirstSource by 17.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock valued at $130,000 after acquiring an additional 1,253 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Builders FirstSource by 10,237.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock valued at $131,000 after acquiring an additional 8,497 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.
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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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