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.

Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

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