Builders FirstSource (BLDR) Reaches New 1-Year High at $21.79

Builders FirstSource, Inc. (NASDAQ:BLDR) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $21.79 and last traded at $21.72, with a volume of 920604 shares changing hands. The stock had previously closed at $21.68.

A number of brokerages have recently issued reports on BLDR. B. Riley reiterated a “buy” rating on shares of Builders FirstSource in a report on Wednesday, November 1st. BidaskClub upgraded Builders FirstSource from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Citigroup boosted their target price on Builders FirstSource from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, November 10th. Wedbush restated a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a research note on Thursday, September 7th. Finally, ValuEngine downgraded Builders FirstSource from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $20.00.

The company has a quick ratio of 1.06, a current ratio of 1.86 and a debt-to-equity ratio of 4.46. The stock has a market capitalization of $2,450.00, a PE ratio of 28.67 and a beta of 2.15.

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. Builders FirstSource had a return on equity of 33.66% and a net margin of 1.29%. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the firm posted $0.61 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. analysts predict that Builders FirstSource, Inc. will post 1.06 EPS for the current year.

In other news, SVP Donald F. Mcaleenan sold 166,714 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $18.16, for a total value of $3,027,526.24. Following the completion of the transaction, the senior vice president now owns 179,805 shares of the company’s stock, valued at approximately $3,265,258.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Peter M. Jackson sold 12,500 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $20.51, for a total value of $256,375.00. Following the completion of the transaction, the chief financial officer now directly owns 26,587 shares of the company’s stock, valued at approximately $545,299.37. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 377,598 shares of company stock valued at $6,950,025. 14.60% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. 1st Global Advisors Inc. lifted its holdings in shares of Builders FirstSource by 1.0% in the 2nd quarter. 1st Global Advisors Inc. now owns 13,694 shares of the company’s stock valued at $210,000 after buying an additional 137 shares during the period. Suntrust Banks Inc. lifted its holdings in shares of Builders FirstSource by 1.9% in the 2nd quarter. Suntrust Banks Inc. now owns 27,934 shares of the company’s stock valued at $427,000 after buying an additional 515 shares during the period. Wall Street Access Asset Management LLC lifted its holdings in shares of Builders FirstSource by 5.0% in the 2nd quarter. Wall Street Access Asset Management LLC now owns 16,800 shares of the company’s stock valued at $257,000 after buying an additional 800 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in shares of Builders FirstSource by 17.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock valued at $130,000 after buying an additional 1,253 shares during the period. Finally, Aperio Group LLC lifted its holdings in shares of Builders FirstSource by 10.6% in the 2nd quarter. Aperio Group LLC now owns 16,243 shares of the company’s stock valued at $249,000 after buying an additional 1,561 shares during the period. 94.48% of the stock is owned by institutional investors and hedge funds.

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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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