Builders FirstSource, Inc. (BLDR) Given Average Recommendation of “Hold” by Analysts

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.

TRADEMARK VIOLATION NOTICE: This news story was published by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.com-unik.info/2017/11/05/builders-firstsource-inc-bldr-given-average-recommendation-of-hold-by-analysts.html.

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.

Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

What are top analysts saying about Builders FirstSource Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Builders FirstSource Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit