Builders FirstSource (BLDR) Raised to “Buy” at ValuEngine

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.

Builders FirstSource (NASDAQ:BLDR) last released 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. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.87 billion. Builders FirstSource had a net margin of 1.29% and a return on equity of 33.66%. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the business earned $0.61 EPS. research analysts expect that Builders FirstSource will post 1.03 earnings per share 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 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.

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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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Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

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