Brokerages Set Builders FirstSource, Inc. (BLDR) Price Target at $20.00

Builders FirstSource, Inc. (NASDAQ:BLDR) has been assigned an average recommendation of “Buy” from the ten analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $20.00.

BLDR has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Builders FirstSource from a “hold” rating to a “sell” rating in a report on Monday, October 9th. B. Riley boosted their price objective on shares of Builders FirstSource from $20.00 to $24.00 and gave the company a “buy” rating in a report on Friday, November 10th. SunTrust Banks restated a “buy” rating and issued a $20.00 price objective on shares of Builders FirstSource in a report on Friday, November 10th. Barclays lifted their target price on Builders FirstSource from $15.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th. Finally, Wedbush reaffirmed a “buy” rating and issued a $20.00 target price on shares of Builders FirstSource in a research report on Thursday, September 7th.

In other Builders FirstSource news, CEO Floyd F. Sherman sold 40,000 shares of Builders FirstSource stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $19.43, for a total value of $777,200.00. Following the completion of the transaction, the chief executive officer now directly owns 623,635 shares of the company’s stock, valued at approximately $12,117,228.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Floyd F. Sherman sold 109,536 shares of Builders FirstSource stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $16.72, for a total value of $1,831,441.92. Following the completion of the transaction, the chief executive officer now directly owns 773,171 shares of the company’s stock, valued at $12,927,419.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,010,466 shares of company stock valued at $227,428,788. 14.60% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC acquired a new position in shares of Builders FirstSource during the third quarter worth about $110,000. SG Americas Securities LLC acquired a new position in shares of Builders FirstSource during the second quarter worth about $114,000. Ameritas Investment Partners Inc. grew its position in shares of 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 in the last quarter. PNC Financial Services Group Inc. grew its position in shares of 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 in the last quarter. Finally, Victory Capital Management Inc. acquired a new position in shares of Builders FirstSource during the third quarter worth about $147,000. 94.53% of the stock is owned by institutional investors.

Shares of Builders FirstSource (BLDR) traded down $0.42 on Thursday, reaching $19.98. 1,820,000 shares of the company traded hands, compared to its average volume of 1,468,627. The stock has a market cap of $2,256.56, a price-to-earnings ratio of 19.40 and a beta of 2.15. Builders FirstSource has a 12-month low of $10.51 and a 12-month high of $20.52. The company has a debt-to-equity ratio of 4.46, a quick ratio of 1.06 and a current ratio of 1.86.

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates 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 was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. research analysts anticipate that Builders FirstSource will post 1.06 earnings per share for the current year.

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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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