ValuEngine Lowers Builders FirstSource (BLDR) to Buy

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.

Builders FirstSource (NASDAQ:BLDR) last announced its earnings results on Wednesday, November 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.87 billion. Builders FirstSource had a return on equity of 33.66% and a net margin of 1.29%. Builders FirstSource’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 earnings per share. research analysts anticipate that Builders FirstSource will post 1.06 EPS for the current fiscal year.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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