Builders FirstSource, Inc. (NASDAQ:BLDR) – Analysts at Wedbush dropped their Q3 2017 EPS estimates for shares of Builders FirstSource in a report issued on Monday. Wedbush analyst J. Mccanless now anticipates that the company will post earnings of $0.42 per share for the quarter, down from their previous estimate of $0.43. Wedbush has a “Outperform” rating and a $20.00 price objective on the stock. Wedbush also issued estimates for Builders FirstSource’s Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.52 EPS and FY2018 earnings at $1.45 EPS.

A number of other research analysts also recently issued reports on BLDR. Deutsche Bank AG boosted their price target on Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday. Zacks Investment Research raised Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. FBR & Co reaffirmed a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a research note on Tuesday, June 27th. Finally, Citigroup Inc. upped their target price on Builders FirstSource from $14.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, May 11th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $17.29.

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Builders FirstSource (NASDAQ:BLDR) opened at 16.53 on Wednesday. The stock has a market capitalization of $1.86 billion, a P/E ratio of 11.55 and a beta of 2.16. The firm’s 50-day moving average is $15.63 and its 200-day moving average is $14.54. Builders FirstSource has a 12 month low of $9.04 and a 12 month high of $17.22.

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.03. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.83 billion. Builders FirstSource had a net margin of 2.60% and a return on equity of 43.83%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 EPS.

In other news, CEO Floyd F. Sherman sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $14.91, for a total transaction of $521,850.00. Following the completion of the transaction, the chief executive officer now directly owns 633,635 shares of the company’s stock, valued at approximately $9,447,497.85. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 14.60% of the company’s stock.

Several hedge funds have recently modified their holdings of BLDR. Ameritas Investment Partners Inc. purchased a new stake in shares of Builders FirstSource during the first quarter valued at approximately $108,000. SG Americas Securities LLC purchased a new stake in shares of Builders FirstSource during the second quarter valued at approximately $114,000. Invictus RG purchased a new stake in shares of Builders FirstSource during the first quarter valued at approximately $140,000. Envestnet Asset Management Inc. boosted its stake in shares of Builders FirstSource by 68.3% in the first quarter. Envestnet Asset Management Inc. now owns 9,511 shares of the company’s stock valued at $143,000 after buying an additional 3,861 shares during the last quarter. Finally, Wilen Investment Management CORP. purchased a new stake in shares of Builders FirstSource during the second quarter valued at approximately $150,000. Hedge funds and other institutional investors own 84.81% 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, remodelers and consumers. The Company’s operating segments include Northeast, Southeast, South and West. As of December 31, 2016, it operated at 400 locations in 40 states across the United States.

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

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