Builders FirstSource, Inc. (NASDAQ:BLDR) – Stock analysts at Wedbush boosted their Q2 2017 earnings estimates for shares of Builders FirstSource in a report issued on Monday. Wedbush analyst J. Mccanless now anticipates that the company will post earnings per share of $0.33 for the quarter, up from their prior forecast of $0.28. Wedbush currently has a “Outperform” rating and a $20.00 price target on the stock. Wedbush also issued estimates for Builders FirstSource’s FY2017 earnings at $0.99 EPS and Q2 2018 earnings at $0.47 EPS.
A number of other analysts have also recently commented on the company. Zacks Investment Research upgraded Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub cut Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday. FBR & Co restated a “buy” rating and issued a $20.00 price target on shares of Builders FirstSource in a research report on Tuesday, June 27th. Finally, Citigroup Inc. upped their price target on Builders FirstSource from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, May 11th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $17.00.
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Builders FirstSource (NASDAQ:BLDR) opened at 15.87 on Tuesday. The stock has a 50 day moving average price of $15.47 and a 200-day moving average price of $14.37. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 10.72 and a beta of 2.15. Builders FirstSource has a 1-year low of $9.04 and a 1-year high of $16.50.
Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings data on Monday, May 8th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.49 billion. Builders FirstSource had a return on equity of 48.88% and a net margin of 2.54%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.13) earnings per share.
In other news, CEO Floyd F. Sherman sold 35,000 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $14.91, for a total value of $521,850.00. Following the completion of the transaction, the chief executive officer now owns 633,635 shares of the company’s stock, valued at $9,447,497.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Morris E. Tolly sold 50,268 shares of the company’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $14.81, for a total value of $744,469.08. Following the completion of the transaction, the insider now directly owns 126,205 shares of the company’s stock, valued at approximately $1,869,096.05. The disclosure for this sale can be found here. Corporate insiders own 14.60% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. acquired a new position in Builders FirstSource during the first quarter worth $108,000. Invictus RG acquired a new position in Builders FirstSource during the first quarter worth $140,000. Envestnet Asset Management Inc. raised its position in Builders FirstSource by 68.3% in the first quarter. Envestnet Asset Management Inc. now owns 9,511 shares of the company’s stock worth $143,000 after buying an additional 3,861 shares during the period. Nine Chapters Capital Management LLC acquired a new position in Builders FirstSource during the first quarter worth $150,000. Finally, Gargoyle Investment Advisor L.L.C. acquired a new position in Builders FirstSource during the first quarter worth $177,000. 84.88% of the stock is 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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