Builders FirstSource, Inc. (NASDAQ:BLDR) has earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $17.00.
Several research firms recently commented on BLDR. Zacks Investment Research upgraded Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Tuesday. BidaskClub lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday. FBR & Co reiterated a “buy” rating and issued a $20.00 target price on shares of Builders FirstSource in a research note on Tuesday, June 27th. Wedbush reiterated an “outperform” rating and issued a $20.00 target price (up from $19.00) on shares of Builders FirstSource in a research note on Wednesday, May 17th. Finally, Citigroup Inc. upped their target price on Builders FirstSource from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, May 11th.
Builders FirstSource (NASDAQ:BLDR) traded down 1.51% during trading on Friday, hitting $15.63. The stock had a trading volume of 470,637 shares. The stock’s 50-day moving average is $15.47 and its 200 day moving average is $14.37. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 10.92 and a beta of 2.16. Builders FirstSource has a one year low of $9.04 and a one year high of $16.50.
Builders FirstSource (NASDAQ:BLDR) last released its earnings results on Monday, May 8th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.06. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.49 billion. Builders FirstSource had a return on equity of 48.88% and a net margin of 2.54%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.13) earnings per share. Equities analysts anticipate that Builders FirstSource will post $1.09 earnings per share for the current year.
In other Builders FirstSource news, insider Morris E. Tolly sold 50,268 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $14.81, for a total transaction of $744,469.08. Following the completion of the sale, the insider now owns 126,205 shares of the company’s stock, valued at $1,869,096.05. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Floyd F. Sherman sold 35,000 shares of the business’s 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 sale, the chief executive officer now directly owns 633,635 shares of the company’s stock, valued at approximately $9,447,497.85. The disclosure for this sale can be found here. 14.60% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of BLDR. State Street Corp increased its stake in Builders FirstSource by 5.2% in the fourth quarter. State Street Corp now owns 1,448,327 shares of the company’s stock worth $15,886,000 after buying an additional 71,805 shares during the period. Dimensional Fund Advisors LP increased its stake in Builders FirstSource by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,947,932 shares of the company’s stock worth $32,340,000 after buying an additional 130,963 shares during the period. Teachers Advisors LLC increased its stake in Builders FirstSource by 7.0% in the fourth quarter. Teachers Advisors LLC now owns 196,860 shares of the company’s stock worth $2,160,000 after buying an additional 12,842 shares during the period. Sheets Smith Wealth Management purchased a new stake in Builders FirstSource during the first quarter worth about $358,000. Finally, Fox Run Management L.L.C. increased its stake in Builders FirstSource by 59.6% in the first quarter. Fox Run Management L.L.C. now owns 32,400 shares of the company’s stock worth $483,000 after buying an additional 12,100 shares during the period. 84.88% of the stock is owned by hedge funds and other institutional investors.
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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