ValuEngine lowered shares of Builders FirstSource (NASDAQ:BLDR) from a strong-buy rating to a buy rating in a research report sent to investors on Friday.
BLDR has been the topic of a number of other reports. Zacks Investment Research lowered Builders FirstSource from a hold rating to a sell rating in a research report on Monday, October 9th. Wedbush reissued a buy rating and set a $20.00 price target on shares of Builders FirstSource in a research report on Thursday, September 7th. Citigroup upped their price target on Builders FirstSource from $18.00 to $20.00 and gave the company a neutral rating in a research report on Friday, November 10th. SunTrust Banks reissued a buy rating and set a $20.00 price target on shares of Builders FirstSource in a research report on Friday, November 10th. Finally, Barclays upped their price target 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $20.00.
Shares of Builders FirstSource (NASDAQ:BLDR) opened at $19.98 on Friday. The stock has a market capitalization of $2,256.57, a price-to-earnings ratio of 19.40 and a beta of 2.15. The company has a current ratio of 1.86, a quick ratio of 1.06 and a debt-to-equity ratio of 4.46. Builders FirstSource has a 52-week low of $10.51 and a 52-week high of $20.52.
In related news, CEO Floyd F. Sherman sold 40,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $19.43, for a total transaction of $777,200.00. Following the transaction, the chief executive officer now directly owns 623,635 shares of the company’s stock, valued at $12,117,228.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Floyd F. Sherman sold 109,536 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 773,171 shares in the company, valued at $12,927,419.12. The disclosure for this sale can be found here. Insiders have sold 14,010,466 shares of company stock worth $227,428,788 over the last three months. 14.60% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC purchased a new position in Builders FirstSource in the third quarter valued at about $110,000. SG Americas Securities LLC purchased a new position in Builders FirstSource in the second quarter valued at about $114,000. Ameritas Investment Partners Inc. grew its stake in Builders FirstSource by 17.3% in the second quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock valued at $130,000 after purchasing an additional 1,253 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Builders FirstSource by 10,237.3% in the second quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock valued at $131,000 after purchasing an additional 8,497 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new position in Builders FirstSource in the third quarter valued at about $147,000. 94.55% of the stock is currently owned by hedge funds and other institutional investors.
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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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