Builders FirstSource Inc. (BLDR) Forecasted to Post FY2016 Earnings of $0.87 Per Share
Builders FirstSource Inc. (NASDAQ:BLDR) – Analysts at Wedbush issued their FY2016 EPS estimates for Builders FirstSource in a research report issued on Monday. Wedbush analyst A. Kaschalk forecasts that the firm will earn $0.87 per share for the year. Wedbush has a “Outperform” rating and a $18.00 price objective on the stock. Wedbush also issued estimates for Builders FirstSource’s Q4 2016 earnings at $0.05 EPS.
Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.23. Builders FirstSource had a return on equity of 49.20% and a net margin of 2.03%. The company earned $1.75 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the business earned $0.31 EPS. Builders FirstSource’s revenue for the quarter was up 36.8% on a year-over-year basis.
BLDR has been the subject of a number of other reports. Zacks Investment Research upgraded Builders FirstSource from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Monday, October 17th. Citigroup Inc. increased their price target on Builders FirstSource from $12.00 to $14.00 and gave the company a “neutral” rating in a report on Monday, August 8th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $15.43.
Shares of Builders FirstSource (NASDAQ:BLDR) opened at 10.10 on Wednesday. The stock has a market capitalization of $1.12 billion, a P/E ratio of 8.88 and a beta of 2.39. Builders FirstSource has a 12-month low of $6.50 and a 12-month high of $14.14. The stock has a 50 day moving average price of $10.60 and a 200 day moving average price of $11.74.
In other news, insider Morris E. Tolly sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $12.43, for a total transaction of $621,500.00. Following the completion of the sale, the insider now directly owns 216,890 shares in the company, valued at $2,695,942.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Floyd F. Sherman sold 235,753 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $12.39, for a total value of $2,920,979.67. Following the sale, the chief executive officer now owns 559,963 shares of the company’s stock, valued at $6,937,941.57. The disclosure for this sale can be found here. Insiders own 36.20% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. ProShare Advisors LLC acquired a new stake in shares of Builders FirstSource during the second quarter valued at $122,000. BB&T Securities LLC acquired a new stake in shares of Builders FirstSource during the second quarter valued at $127,000. BlackRock Inc. increased its stake 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 in the last quarter. Palo Capital Inc. acquired a new stake in shares of Builders FirstSource during the third quarter valued at $137,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Builders FirstSource during the third quarter valued at $139,000. Institutional investors own 83.33% of the company’s stock.
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 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.
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