Shares of Builders FirstSource, Inc. (NASDAQ:BLDR) have been given an average recommendation of “Hold” by the eight brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $17.33.
BLDR has been the subject of several recent analyst reports. Zacks Investment Research lowered Builders FirstSource from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. BidaskClub upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Deutsche Bank AG increased their price objective on Builders FirstSource from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Finally, Wedbush reiterated a “buy” rating and set a $20.00 price objective on shares of Builders FirstSource in a research note on Thursday, September 7th.
In related news, major shareholder Jll Partners Fund V. Lp sold 13,482,177 shares of Builders FirstSource stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $16.17, for a total value of $218,006,802.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul S. Levy acquired 800,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was purchased at an average price of $16.17 per share, with a total value of $12,936,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 13,645,368 shares of company stock valued at $220,735,138. 14.60% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in Builders FirstSource in the second quarter worth about $114,000. Ameritas Investment Partners Inc. boosted its holdings in Builders FirstSource by 17.3% during the second quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock worth $130,000 after buying an additional 1,253 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Builders FirstSource by 10,237.3% during the second quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock worth $131,000 after buying an additional 8,497 shares during the last quarter. Victory Capital Management Inc. bought a new position in Builders FirstSource during the third quarter worth about $147,000. Finally, Wilen Investment Management CORP. bought a new position in Builders FirstSource during the second quarter worth about $150,000. Hedge funds and other institutional investors own 85.87% of the company’s stock.
Shares of Builders FirstSource (NASDAQ BLDR) traded up $0.37 during mid-day trading on Friday, reaching $17.65. The company had a trading volume of 1,261,461 shares, compared to its average volume of 821,444. The company has a market capitalization of $1,988.15, a PE ratio of 14.12 and a beta of 2.14. Builders FirstSource has a 52-week low of $9.04 and a 52-week high of $18.43. The company has a debt-to-equity ratio of 5.14, a quick ratio of 1.01 and a current ratio of 1.80.
Builders FirstSource (NASDAQ:BLDR) last issued its earnings results on Thursday, August 3rd. The company reported $0.37 EPS for the quarter, topping the 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 firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period last year, the business earned $0.31 earnings per share. Builders FirstSource’s quarterly revenue was up 9.9% compared to the same quarter last year. research analysts anticipate that Builders FirstSource will post 1.11 EPS for the current fiscal year.
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About Builders FirstSource
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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