Builders FirstSource (NASDAQ:BLDR) has been given a $30.00 price target by investment analysts at Wedbush in a research note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. Wedbush’s target price points to a potential upside of 31.64% from the stock’s current price. Wedbush also issued estimates for Builders FirstSource’s Q1 2019 earnings at $1.74 EPS.

BLDR has been the subject of a number of other reports. Zacks Investment Research cut shares of Builders FirstSource from a “hold” rating to a “sell” rating in a research note on Monday, October 9th. Barclays set a $21.00 price target on shares of Builders FirstSource and gave the stock a “hold” rating in a research note on Sunday, January 7th. Citigroup boosted their price objective on shares of Builders FirstSource from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. SunTrust Banks reissued a “buy” rating and issued a $20.00 price objective on shares of Builders FirstSource in a research report on Friday, November 10th. Finally, ValuEngine cut shares of Builders FirstSource from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $22.50.

Builders FirstSource (BLDR) traded up $0.33 during mid-day trading on Friday, hitting $22.79. 1,032,600 shares of the company were exchanged, compared to its average volume of 1,353,933. Builders FirstSource has a 52-week low of $10.56 and a 52-week high of $22.91. The company has a debt-to-equity ratio of 4.46, a quick ratio of 1.06 and a current ratio of 1.86. The stock has a market cap of $2,570.00, a PE ratio of 29.99 and a beta of 2.15.

Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Builders FirstSource had a net margin of 1.29% and a return on equity of 33.66%. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the company earned $0.61 EPS. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. equities research analysts predict that Builders FirstSource will post 1.03 earnings per share for the current fiscal year.

In other news, SVP Donald F. Mcaleenan sold 166,714 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $18.16, for a total value of $3,027,526.24. Following the completion of the sale, the senior vice president now owns 179,805 shares in the company, valued at approximately $3,265,258.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider M Chad Crow sold 158,384 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $18.24, for a total transaction of $2,888,924.16. Following the completion of the sale, the insider now owns 446,248 shares of the company’s stock, valued at approximately $8,139,563.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 377,598 shares of company stock valued at $6,950,025. 14.60% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Builders FirstSource by 8.9% in the 2nd quarter. BlackRock Inc. now owns 6,912,890 shares of the company’s stock valued at $105,905,000 after purchasing an additional 563,694 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Builders FirstSource by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 6,034,263 shares of the company’s stock valued at $92,445,000 after purchasing an additional 119,876 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in shares of Builders FirstSource by 30.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 4,224,149 shares of the company’s stock valued at $74,936,000 after purchasing an additional 997,132 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Builders FirstSource by 2.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,257,642 shares of the company’s stock valued at $58,604,000 after purchasing an additional 63,672 shares in the last quarter. Finally, Balyasny Asset Management LLC raised its holdings in shares of Builders FirstSource by 3.3% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,934,926 shares of the company’s stock valued at $29,643,000 after purchasing an additional 61,899 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

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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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