Barclays Reiterates “$21.00” Price Target for Builders FirstSource (BLDR)

Barclays set a $21.00 target price on Builders FirstSource (NASDAQ:BLDR) in a research note issued to investors on Sunday morning. The brokerage currently has a hold rating on the stock.

BLDR has been the topic of several other reports. ValuEngine raised Builders FirstSource from a hold rating to a buy rating in a report on Sunday, December 31st. SunTrust Banks reaffirmed a buy rating and issued a $20.00 target price on shares of Builders FirstSource in a report on Friday, November 10th. Zacks Investment Research cut Builders FirstSource from a hold rating to a sell rating in a report on Monday, October 9th. B. Riley lifted their target price on Builders FirstSource from $20.00 to $24.00 and gave the stock a buy rating in a report on Friday, November 10th. Finally, Citigroup lifted their target price on Builders FirstSource from $18.00 to $20.00 and gave the stock a neutral rating in a report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Builders FirstSource presently has an average rating of Buy and a consensus price target of $21.25.

Shares of Builders FirstSource (NASDAQ:BLDR) traded up $0.01 during mid-day trading on Friday, hitting $22.68. The stock had a trading volume of 796,500 shares, compared to its average volume of 1,576,133. Builders FirstSource has a 1 year low of $10.56 and a 1 year high of $22.90. 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 company has a market capitalization of $2,560.00, a PE ratio of 29.84 and a beta of 2.15.

Builders FirstSource (NASDAQ:BLDR) last issued its earnings results on Wednesday, November 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The business’s revenue was up 7.6% compared to the same quarter last year. research analysts forecast that Builders FirstSource will post 1.03 EPS for the current fiscal year.

In related news, SVP Donald F. Mcaleenan sold 166,714 shares of Builders FirstSource 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 in the company, valued at $3,265,258.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Peter M. Jackson sold 12,500 shares of Builders FirstSource stock in a transaction dated Friday, December 8th. The stock was 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 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 quarter, insiders sold 377,598 shares of company stock valued at $6,950,025. 14.60% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of Builders FirstSource by 8.9% during the second quarter. BlackRock Inc. now owns 6,912,890 shares of the company’s stock valued at $105,905,000 after buying an additional 563,694 shares during the period. Vanguard Group Inc. boosted its position in shares of Builders FirstSource by 2.0% during the second quarter. Vanguard Group Inc. now owns 6,034,263 shares of the company’s stock valued at $92,445,000 after buying an additional 119,876 shares during the period. Eagle Asset Management Inc. boosted its position in shares of Builders FirstSource by 30.9% during the third quarter. Eagle Asset Management Inc. now owns 4,224,149 shares of the company’s stock valued at $74,936,000 after buying an additional 997,132 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Builders FirstSource by 2.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,257,642 shares of the company’s stock valued at $58,604,000 after buying an additional 63,672 shares during the period. Finally, Balyasny Asset Management LLC boosted its position in shares of Builders FirstSource by 3.3% during the second quarter. Balyasny Asset Management LLC now owns 1,934,926 shares of the company’s stock valued at $29,643,000 after buying an additional 61,899 shares during the period. Institutional investors own 94.48% of the company’s stock.

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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.

Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

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