Builders FirstSource Inc. (BLDR) Receives “Outperform” Rating from FBR & Co
FBR & Co reissued their outperform rating on shares of Builders FirstSource Inc. (NASDAQ:BLDR) in a research note released on Tuesday morning. The firm currently has a $15.00 target price on the stock.
A number of other equities research analysts have also weighed in on BLDR. Citigroup Inc. lifted their price objective 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. Zacks Investment Research upgraded shares of Builders FirstSource from a sell rating to a hold rating in a report on Tuesday, August 9th. Wedbush reiterated an outperform rating and set a $18.00 price objective on shares of Builders FirstSource in a report on Tuesday, September 6th. Finally, Seaport Global Securities began coverage on shares of Builders FirstSource in a report on Tuesday, November 22nd. They issued a buy rating and a $16.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $15.38.
Shares of Builders FirstSource (NASDAQ:BLDR) opened at 11.04 on Tuesday. Builders FirstSource has a 12-month low of $6.50 and a 12-month high of $14.09. The stock’s 50 day moving average is $10.42 and its 200-day moving average is $11.72. The stock has a market cap of $1.23 billion, a PE ratio of 9.70 and a beta of 2.39.
Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.23. Builders FirstSource had a net margin of 2.03% and a return on equity of 49.20%. The company earned $1.75 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the business posted $0.31 EPS. The firm’s revenue for the quarter was up 36.8% on a year-over-year basis. Equities analysts expect that Builders FirstSource will post $0.90 EPS for the current year.
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In other Builders FirstSource news, CEO Floyd F. Sherman sold 12,403 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $11.26, for a total transaction of $139,657.78. Following the sale, the chief executive officer now owns 641,807 shares of the company’s stock, valued at approximately $7,226,746.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 36.20% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Verition Fund Management LLC acquired a new stake in shares of Builders FirstSource during the third quarter valued at approximately $120,000. ProShare Advisors LLC acquired a new stake in shares of Builders FirstSource during the second quarter valued at approximately $122,000. BB&T Securities LLC acquired a new stake in shares of Builders FirstSource during the second quarter valued at approximately $127,000. BlackRock Inc. boosted 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 during the last quarter. Finally, Palo Capital Inc. acquired a new stake in shares of Builders FirstSource during the third quarter valued at approximately $137,000. Institutional investors and hedge funds own 83.61% 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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