Builders FirstSource (NASDAQ:BLDR) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday.
Several other equities research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Wednesday. Stifel Nicolaus raised their target price on shares of Builders FirstSource from $23.00 to $26.50 and gave the stock a “buy” rating in a report on Monday, January 22nd. Stephens restated a “buy” rating and issued a $27.00 target price on shares of Builders FirstSource in a report on Wednesday, January 17th. Wedbush set a $30.00 target price on shares of Builders FirstSource and gave the stock an “outperform” rating in a report on Friday, January 12th. Finally, BidaskClub lowered shares of Builders FirstSource from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 11th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $23.41.
Shares of Builders FirstSource (BLDR) opened at $20.82 on Friday. The stock has a market cap of $2,351.43, a PE ratio of 27.40 and a beta of 2.01. The company has a quick ratio of 1.06, a current ratio of 1.86 and a debt-to-equity ratio of 4.46. Builders FirstSource has a twelve month low of $11.03 and a twelve month high of $23.28.
In related news, SVP Donald F. Mcaleenan sold 166,714 shares of Builders FirstSource stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $18.16, for a total transaction of $3,027,526.24. Following the completion of the sale, the senior vice president now owns 179,805 shares in the company, valued at approximately $3,265,258.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Peter M. Jackson sold 12,500 shares of Builders FirstSource stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $20.51, for a total transaction of $256,375.00. Following the sale, 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. Insiders have sold a total of 377,598 shares of company stock valued at $6,950,025 in the last quarter. 14.60% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in BLDR. Hennessy Advisors Inc. bought a new stake in Builders FirstSource during the 4th quarter valued at about $37,771,000. Eagle Asset Management Inc. lifted its holdings in Builders FirstSource by 30.9% during the 3rd 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 in the last quarter. Boston Advisors LLC lifted its holdings in Builders FirstSource by 4,820.1% during the 4th quarter. Boston Advisors LLC now owns 830,268 shares of the company’s stock valued at $18,092,000 after buying an additional 813,393 shares in the last quarter. Hodges Capital Management Inc. bought a new stake in Builders FirstSource during the 3rd quarter valued at about $12,170,000. Finally, LSV Asset Management lifted its holdings in Builders FirstSource by 112.6% during the 4th quarter. LSV Asset Management now owns 1,246,332 shares of the company’s stock valued at $27,157,000 after buying an additional 660,103 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.
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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