Builders FirstSource Inc. (NASDAQ:BLDR) – Equities research analysts at SunTrust Banks increased their FY2016 earnings estimates for Builders FirstSource in a research note issued on Tuesday. SunTrust Banks analyst K. Hughes now forecasts that the firm will post earnings per share of $0.90 for the year, up from their previous estimate of $0.79.

BLDR has been the subject of a number of other reports. Zacks Investment Research upgraded shares of 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. Wedbush restated an “outperform” rating and set a $18.00 price target on shares of Builders FirstSource in a report on Monday. Finally, Citigroup Inc. upped their price target on shares of Builders FirstSource from $12.00 to $14.00 and gave the company a “neutral” rating in a report on Monday, August 8th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Builders FirstSource has a consensus rating of “Buy” and an average target price of $15.43.

Earnings History and Estimates for Builders FirstSource (NASDAQ:BLDR)

Builders FirstSource (NASDAQ:BLDR) opened at 10.10 on Wednesday. Builders FirstSource has a 52 week low of $6.50 and a 52 week high of $14.14. The firm has a 50-day moving average price of $10.60 and a 200-day moving average price of $11.74. The firm has a market capitalization of $1.12 billion, a P/E ratio of 8.88 and a beta of 2.39.

Builders FirstSource (NASDAQ:BLDR) last issued its earnings results on Thursday, November 3rd. The company reported $0.61 EPS for the quarter, beating 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 firm posted $0.31 earnings per share. Builders FirstSource’s quarterly revenue was up 36.8% compared to the same quarter last year.

In related news, CEO Floyd F. Sherman sold 235,753 shares of the 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 completion of the transaction, the chief executive officer now owns 559,963 shares of the company’s stock, valued at $6,937,941.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Donald F. Mcaleenan sold 70,000 shares of the stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $12.56, for a total transaction of $879,200.00. Following the completion of the transaction, the senior vice president now directly owns 373,238 shares of the company’s stock, valued at approximately $4,687,869.28. The disclosure for this sale can be found here. Insiders own 36.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of BLDR. Loomis Sayles & Co. L P raised its position in Builders FirstSource by 1.3% in the first quarter. Loomis Sayles & Co. L P now owns 18,514 shares of the company’s stock valued at $209,000 after buying an additional 235 shares during the period. Prudential PLC raised its position in Builders FirstSource by 40.0% in the first quarter. Prudential PLC now owns 350,000 shares of the company’s stock valued at $3,945,000 after buying an additional 100,000 shares during the period. HBK Investments L P raised its position in Builders FirstSource by 32.6% in the first quarter. HBK Investments L P now owns 39,785 shares of the company’s stock valued at $448,000 after buying an additional 9,785 shares during the period. Renaissance Technologies LLC raised its position in Builders FirstSource by 40.7% in the first quarter. Renaissance Technologies LLC now owns 1,022,500 shares of the company’s stock valued at $11,524,000 after buying an additional 295,900 shares during the period. Finally, Springbok Capital Management LLC raised its position in Builders FirstSource by 81.6% in the first quarter. Springbok Capital Management LLC now owns 88,400 shares of the company’s stock valued at $996,000 after buying an additional 39,733 shares during the period. 83.33% of the stock is owned by hedge funds and other institutional investors.

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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