Builders FirstSource Inc. (BLDR) Coverage Initiated at Seaport Global Securities
Equities researchers at Seaport Global Securities started coverage on shares of Builders FirstSource Inc. (NASDAQ:BLDR) in a note issued to investors on Tuesday. The firm set a “buy” rating on the stock.
Several other equities analysts also recently weighed in on BLDR. Wedbush reissued an “outperform” rating and issued a $18.00 price target on shares of Builders FirstSource in a research note on Monday, November 7th. Citigroup Inc. raised their price target on shares of Builders FirstSource from $12.00 to $14.00 and gave the stock a “neutral” rating in a research note on Monday, August 8th. Finally, Zacks Investment Research raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Builders FirstSource currently has a consensus rating of “Buy” and a consensus price target of $15.43.
Shares of Builders FirstSource (NASDAQ:BLDR) opened at 11.32 on Tuesday. Builders FirstSource has a 12-month low of $6.50 and a 12-month high of $14.14. The company has a market capitalization of $1.26 billion, a P/E ratio of 9.95 and a beta of 2.39. The stock has a 50 day moving average of $10.44 and a 200-day moving average of $11.71.
Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.23. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.80 billion. Builders FirstSource had a net margin of 2.03% and a return on equity of 49.20%. The company’s revenue for the quarter was up 36.8% on a year-over-year basis. During the same period last year, the firm posted $0.31 earnings per share. Equities research analysts forecast that Builders FirstSource will post $0.90 EPS for the current year.
In other Builders FirstSource news, CEO Floyd F. Sherman sold 12,403 shares of Builders FirstSource stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $11.26, for a total transaction of $139,657.78. Following the completion of the sale, the chief executive officer now directly owns 641,807 shares in the company, valued at $7,226,746.82. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 36.20% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its position in shares of Builders FirstSource by 4.0% in the third quarter. Ameriprise Financial Inc. now owns 14,331 shares of the company’s stock worth $161,000 after buying an additional 555 shares during the period. Teachers Advisors LLC boosted its position in shares of Builders FirstSource by 0.8% in the third quarter. Teachers Advisors LLC now owns 184,018 shares of the company’s stock worth $2,118,000 after buying an additional 1,530 shares during the period. California State Teachers Retirement System boosted its position in shares of Builders FirstSource by 0.9% in the third quarter. California State Teachers Retirement System now owns 177,457 shares of the company’s stock worth $2,043,000 after buying an additional 1,600 shares during the period. Pacad Investment Ltd. boosted its position in shares of Builders FirstSource by 8.0% in the second quarter. Pacad Investment Ltd. now owns 41,800 shares of the company’s stock worth $470,000 after buying an additional 3,090 shares during the period. Finally, Teacher Retirement System of Texas boosted 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 worth $139,000 after buying an additional 3,226 shares during the period. Institutional investors and hedge funds own 82.83% 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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