ValuEngine Upgrades Builders FirstSource (BLDR) to “Buy”

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.

Builders FirstSource (NASDAQ:BLDR) last posted its earnings results on Wednesday, November 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the company earned $0.61 EPS. Builders FirstSource’s revenue was up 7.6% on a year-over-year basis. analysts forecast that Builders FirstSource will post 1.03 earnings per share for the current year.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

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