Shares of Builders FirstSource Inc. (NASDAQ:BLDR) have been given a consensus recommendation of “Buy” by the eight ratings firms that are currently covering the stock. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $15.40.

BLDR has been the topic of a number of recent analyst reports. Wedbush reiterated an “outperform” rating and issued a $18.00 price objective on shares of Builders FirstSource in a research report on Tuesday, September 6th. Zacks Investment Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Monday, July 18th. Citigroup Inc. lifted their price objective on Builders FirstSource from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Monday, August 8th. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Builders FirstSource in a research report on Tuesday, June 28th.

In related news, SVP Donald F. Mcaleenan sold 70,000 shares of Builders FirstSource stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $12.56, for a total transaction of $879,200.00. Following the sale, the senior vice president now directly owns 373,238 shares in the company, valued at $4,687,869.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Morris E. Tolly sold 50,000 shares of Builders FirstSource stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $12.43, for a total value of $621,500.00. Following the sale, the insider now owns 216,890 shares in the company, valued at $2,695,942.70. The disclosure for this sale can be found here. Corporate insiders own 36.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in BLDR. Legal & General Group Plc boosted its stake in Builders FirstSource by 84.3% in the first quarter. Legal & General Group Plc now owns 9,282 shares of the company’s stock worth $101,000 after buying an additional 4,247 shares in the last quarter. ProShare Advisors LLC bought a new position in shares of Builders FirstSource during the second quarter valued at $122,000. BB&T Securities LLC bought a new position in shares of Builders FirstSource during the second quarter valued at $127,000. BlackRock Inc. increased its position in shares of Builders FirstSource by 193.3% in the second quarter. BlackRock Inc. now owns 11,392 shares of the company’s stock valued at $128,000 after buying an additional 7,508 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Builders FirstSource by 35.5% in the second quarter. Teacher Retirement System of Texas now owns 12,319 shares of the company’s stock valued at $139,000 after buying an additional 3,226 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Shares of Builders FirstSource (NASDAQ:BLDR) opened at 11.21 on Friday. Builders FirstSource has a 52-week low of $6.50 and a 52-week high of $15.72. The stock’s market capitalization is $1.24 billion. The company has a 50-day moving average price of $12.40 and a 200-day moving average price of $11.96.

Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.05. Builders FirstSource had a positive return on equity of 38.21% and a negative net margin of 0.12%. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the business earned $0.14 earnings per share. Builders FirstSource’s revenue was up 263.4% compared to the same quarter last year. On average, equities analysts anticipate that Builders FirstSource will post $0.80 earnings per share for the current year.

About Builders FirstSource

Builders FirstSource, Inc is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors and consumers. The Company’s operating segments include Northeast, Southeast, South and West. It offers solution to its customers providing manufacturing, supply and installation of a range of structural and related building products.

5 Day Chart for NASDAQ:BLDR

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