Builders FirstSource, Inc. (BLDR) Receives $17.33 Consensus PT from Analysts
Builders FirstSource, Inc. (NASDAQ:BLDR) has earned a consensus rating of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $17.33.
BLDR has been the subject of several recent analyst reports. Wedbush reiterated a “buy” rating and set a $20.00 price objective on shares of Builders FirstSource in a research note on Thursday, September 7th. BidaskClub lowered Builders FirstSource from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Deutsche Bank AG increased their price objective on Builders FirstSource from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research upgraded Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, FBR & Co reiterated a “buy” rating and set a $20.00 price objective on shares of Builders FirstSource in a research note on Tuesday, June 27th.
Shares of Builders FirstSource (NASDAQ BLDR) traded up 0.37% during trading on Friday, hitting $16.49. 1,073,889 shares of the stock traded hands. The firm’s 50-day moving average price is $16.08 and its 200-day moving average price is $15.33. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 10.91 and a beta of 2.11. Builders FirstSource has a 52 week low of $9.04 and a 52 week high of $17.22.
Builders FirstSource (NASDAQ:BLDR) last issued its earnings results on Thursday, August 3rd. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.83 billion. Builders FirstSource had a return on equity of 43.83% and a net margin of 2.60%. Builders FirstSource’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 earnings per share. On average, equities research analysts anticipate that Builders FirstSource will post $1.12 earnings per share for the current year.
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In other Builders FirstSource news, Director Paul S. Levy bought 800,000 shares of the stock in a transaction dated Wednesday, September 6th. The stock was bought at an average cost of $16.17 per share, for a total transaction of $12,936,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Jll Partners Fund V. Lp sold 13,482,177 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $16.17, for a total value of $218,006,802.09. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,645,368 shares of company stock valued at $220,735,138. 14.60% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in BLDR. Ameritas Investment Partners Inc. acquired a new stake in shares of Builders FirstSource in the first quarter valued at $108,000. SG Americas Securities LLC acquired a new stake in shares of Builders FirstSource in the second quarter valued at $114,000. PNC Financial Services Group Inc. increased its stake in shares of Builders FirstSource by 10,237.3% in the second quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock valued at $131,000 after buying an additional 8,497 shares in the last quarter. Invictus RG acquired a new stake in shares of Builders FirstSource in the first quarter valued at $140,000. Finally, Envestnet Asset Management Inc. increased 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 in the last quarter. Institutional investors own 85.44% of the company’s stock.
About Builders FirstSource
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.
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