Builders FirstSource (BLDR) Getting Somewhat Favorable Media Coverage, Analysis Finds

News articles about Builders FirstSource (NASDAQ:BLDR) have trended somewhat positive on Wednesday, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Builders FirstSource earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the company an impact score of 47.9349141888859 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news articles that may have impacted Accern Sentiment’s analysis:

BLDR has been the topic of several research reports. Wedbush restated a “buy” rating and set a $20.00 price target on shares of Builders FirstSource in a research report on Thursday, September 7th. Zacks Investment Research lowered Builders FirstSource from a “hold” rating to a “sell” rating in a research report on Monday. FBR & Co restated a “buy” rating and set a $20.00 price target on shares of Builders FirstSource in a research report on Tuesday, June 27th. BidaskClub upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, Deutsche Bank AG lifted their price target on Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Builders FirstSource currently has an average rating of “Hold” and a consensus target price of $17.33.

Builders FirstSource (NASDAQ BLDR) traded up 0.69% during midday trading on Wednesday, reaching $17.59. The company’s stock had a trading volume of 86,439 shares. The company has a market cap of $1.98 billion, a P/E ratio of 11.57 and a beta of 2.09. Builders FirstSource has a 12-month low of $9.04 and a 12-month high of $18.23. The firm has a 50 day moving average price of $16.72 and a 200-day moving average price of $15.62.

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.03. Builders FirstSource had a return on equity of 43.83% and a net margin of 2.60%. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the previous year, the firm posted $0.31 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts predict that Builders FirstSource will post $1.11 earnings per share for the current fiscal year.

In related news, Director Robert C. Griffin sold 17,655 shares of Builders FirstSource stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $16.83, for a total value of $297,133.65. Following the completion of the transaction, the director now owns 40,050 shares in the company, valued at approximately $674,041.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Cleveland A. Christophe sold 36,000 shares of Builders FirstSource stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $16.66, for a total value of $599,760.00. Following the completion of the transaction, the director now owns 48,181 shares of the company’s stock, valued at approximately $802,695.46. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,645,368 shares of company stock valued at $220,735,138. 14.60% of the stock is currently owned by 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.

Insider Buying and Selling by Quarter for Builders FirstSource (NASDAQ:BLDR)

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