Builders FirstSource, Inc. (NASDAQ:BLDR) – Equities researchers at Wedbush issued their Q1 2019 earnings per share estimates for Builders FirstSource in a research note issued to investors on Friday. Wedbush analyst J. Mccanless anticipates that the company will post earnings per share of $1.74 for the quarter. Wedbush currently has a “Outperform” rating and a $30.00 target price on the stock.
BLDR has been the subject of several other research reports. Zacks Investment Research cut shares of Builders FirstSource from a “hold” rating to a “sell” rating in a research note on Monday, October 9th. Barclays set a $21.00 price objective on shares of Builders FirstSource and gave the company a “hold” rating in a research note on Sunday, January 7th. Citigroup boosted their price objective on shares of Builders FirstSource from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, November 10th. SunTrust Banks reaffirmed a “buy” rating and set a $20.00 price objective on shares of Builders FirstSource in a research note on Friday, November 10th. Finally, Seaport Global Securities reaffirmed a “buy” rating and set a $26.00 price objective on shares of Builders FirstSource in a research note on Wednesday, January 3rd. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Builders FirstSource currently has an average rating of “Buy” and a consensus target price of $23.00.
Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Builders FirstSource had a net margin of 1.29% and a return on equity of 33.66%. Builders FirstSource’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 earnings per share.
Several institutional investors and hedge funds have recently made changes to their positions in BLDR. Eagle Asset Management Inc. lifted its holdings in shares of Builders FirstSource by 30.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 4,224,149 shares of the company’s stock worth $74,936,000 after acquiring an additional 997,132 shares during the last quarter. Hodges Capital Management Inc. bought a new stake in shares of Builders FirstSource in the 3rd quarter worth approximately $12,170,000. BlackRock Inc. lifted its holdings in shares of Builders FirstSource by 8.9% in the 2nd quarter. BlackRock Inc. now owns 6,912,890 shares of the company’s stock worth $105,905,000 after acquiring an additional 563,694 shares during the last quarter. Formula Growth Ltd. lifted its holdings in shares of Builders FirstSource by 41.9% in the 2nd quarter. Formula Growth Ltd. now owns 1,633,585 shares of the company’s stock worth $25,027,000 after acquiring an additional 482,228 shares during the last quarter. Finally, PDT Partners LLC bought a new stake in shares of Builders FirstSource in the 2nd quarter worth approximately $5,736,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.
In other Builders FirstSource news, SVP Donald F. Mcaleenan sold 166,714 shares of Builders FirstSource stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $18.16, for a total transaction of $3,027,526.24. Following the completion of the sale, the senior vice president now directly owns 179,805 shares in the company, valued at $3,265,258.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider M Chad Crow sold 158,384 shares of Builders FirstSource stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $18.24, for a total transaction of $2,888,924.16. Following the sale, the insider now owns 446,248 shares of the company’s stock, valued at $8,139,563.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 377,598 shares of company stock valued at $6,950,025. 14.60% of the stock is currently owned by company insiders.
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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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