BidaskClub lowered shares of Builders FirstSource, Inc. (NASDAQ:BLDR) from a buy rating to a hold rating in a research note published on Monday, July 31st.
Several other analysts have also recently commented on the stock. Zacks Investment Research cut shares of Builders FirstSource from a buy rating to a hold rating in a research note on Monday, April 24th. Citigroup Inc. raised their target price on shares of Builders FirstSource from $14.00 to $17.00 and gave the stock a neutral rating in a research note on Thursday, May 11th. Wedbush restated an outperform rating and issued a $20.00 target price (up previously from $19.00) on shares of Builders FirstSource in a research note on Wednesday, May 17th. Finally, FBR & Co restated a buy rating and issued a $20.00 target price on shares of Builders FirstSource in a research note on Tuesday, June 27th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $17.29.
Builders FirstSource (BLDR) traded down 1.58% on Monday, reaching $15.57. 549,164 shares of the company’s stock were exchanged. Builders FirstSource has a 1-year low of $9.04 and a 1-year high of $17.22. The firm has a 50-day moving average price of $15.86 and a 200-day moving average price of $14.76. The company has a market capitalization of $1.75 billion, a P/E ratio of 10.30 and a beta of 2.16.
Builders FirstSource (NASDAQ:BLDR) last released its earnings results on Thursday, August 3rd. The company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.03. Builders FirstSource had a net margin of 2.60% and a return on equity of 43.83%. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the business earned $0.31 EPS. The business’s revenue was up 9.9% on a year-over-year basis. Equities research analysts expect that Builders FirstSource will post $1.12 earnings per share for the current year.
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In other news, CEO Floyd F. Sherman sold 35,000 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $14.91, for a total value of $521,850.00. Following the completion of the transaction, the chief executive officer now owns 633,635 shares in the company, valued at approximately $9,447,497.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 14.60% of the company’s stock.
Several institutional investors have recently made changes to their positions in BLDR. Mesirow Financial Investment Management Inc. bought a new position in shares of Builders FirstSource during the second quarter worth about $465,000. 1st Global Advisors Inc. increased its position in Builders FirstSource by 1.0% in the second quarter. 1st Global Advisors Inc. now owns 13,694 shares of the company’s stock valued at $210,000 after buying an additional 137 shares during the period. Schneider Capital Management Corp increased its position in Builders FirstSource by 3.7% in the second quarter. Schneider Capital Management Corp now owns 280,661 shares of the company’s stock valued at $4,300,000 after buying an additional 10,000 shares during the period. Ameritas Investment Partners Inc. increased its position in Builders FirstSource by 17.3% in the second quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock valued at $130,000 after buying an additional 1,253 shares during the period. Finally, Castleark Management LLC increased its position in Builders FirstSource by 6.9% in the second quarter. Castleark Management LLC now owns 611,367 shares of the company’s stock valued at $9,366,000 after buying an additional 39,687 shares during the period. Institutional investors and hedge funds own 85.17% 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.
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