Builders FirstSource Inc. (NASDAQ:BLDR) has been assigned a consensus rating of “Buy” from the eight brokerages that are covering the company. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $15.40.

A number of research analysts have recently weighed in on BLDR shares. 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. raised their price target on Builders FirstSource from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, August 8th. Finally, Wedbush restated an “outperform” rating and issued a $18.00 price target on shares of Builders FirstSource in a research report on Tuesday, September 6th.

In related news, CEO Floyd F. Sherman sold 235,753 shares of Builders FirstSource stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $12.39, for a total transaction of $2,920,979.67. Following the completion of the sale, the chief executive officer now owns 559,963 shares in the company, valued at approximately $6,937,941.57. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Donald F. Mcaleenan sold 70,000 shares of Builders FirstSource stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $12.56, for a total value of $879,200.00. Following the sale, the senior vice president now 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. Corporate insiders own 36.20% of the company’s stock.

A number of hedge funds have recently modified their holdings of BLDR. Robotti Robert raised its stake in shares of Builders FirstSource by 15.1% in the first quarter. Robotti Robert now owns 1,851,994 shares of the company’s stock worth $20,872,000 after buying an additional 243,462 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of Builders FirstSource during the second quarter worth about $302,000. Marcato Capital Management LP raised its stake in shares of Builders FirstSource by 245.8% in the first quarter. Marcato Capital Management LP now owns 415,000 shares of the company’s stock worth $4,677,000 after buying an additional 295,000 shares during the last quarter. Springbok Capital Management LLC raised its stake in shares of Builders FirstSource by 81.6% in the first quarter. Springbok Capital Management LLC now owns 88,400 shares of the company’s stock worth $996,000 after buying an additional 39,733 shares during the last quarter. Finally, Prudential PLC raised its stake in shares of Builders FirstSource by 40.0% in the first quarter. Prudential PLC now owns 350,000 shares of the company’s stock worth $3,945,000 after buying an additional 100,000 shares during the last quarter. 83.33% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource (NASDAQ:BLDR) opened at 10.35 on Friday. Builders FirstSource has a 52-week low of $6.50 and a 52-week high of $14.14. The firm has a market cap of $1.15 billion, a PE ratio of 9.09 and a beta of 2.39. The firm has a 50-day moving average of $10.56 and a 200-day moving average of $11.73.

Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.23. The firm earned $1.75 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Builders FirstSource had a return on equity of 49.20% and a net margin of 2.03%. Builders FirstSource’s revenue was up 36.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 earnings per share. Equities analysts anticipate that Builders FirstSource will post $0.90 EPS 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.

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