SunTrust Banks, Inc. reaffirmed their buy rating on shares of Builders FirstSource, Inc. (NASDAQ:BLDR) in a research note released on Friday. SunTrust Banks, Inc. currently has a $20.00 price objective on the stock. SunTrust Banks also issued estimates for Builders FirstSource’s Q4 2017 earnings at $0.19 EPS, FY2017 earnings at $1.06 EPS, Q1 2018 earnings at $0.15 EPS, Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.59 EPS, Q4 2018 earnings at $0.31 EPS and FY2018 earnings at $1.53 EPS.
Several other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Builders FirstSource from a hold rating to a sell rating in a research report on Monday, October 9th. BidaskClub upgraded shares of Builders FirstSource from a hold rating to a buy rating in a research report on Wednesday, July 19th. Wedbush reiterated a buy rating and set a $20.00 price target on shares of Builders FirstSource in a research report on Thursday, September 7th. Deutsche Bank AG increased their price target on shares of Builders FirstSource from $17.00 to $19.00 and gave the stock a buy rating in a research report on Wednesday, August 9th. Finally, Barclays PLC increased their price target on shares of Builders FirstSource from $15.00 to $17.00 and gave the stock an equal weight rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $19.50.
Builders FirstSource (NASDAQ BLDR) traded up $0.10 during midday trading on Friday, hitting $18.46. 3,364,200 shares of the company traded hands, compared to its average volume of 1,196,832. The company has a debt-to-equity ratio of 5.14, a current ratio of 1.80 and a quick ratio of 1.01. The firm has a market cap of $2,074.17, a price-to-earnings ratio of 17.83 and a beta of 2.14. Builders FirstSource has a twelve month low of $10.07 and a twelve month high of $18.82.
Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.87 billion. Builders FirstSource had a net margin of 1.29% and a return on equity of 35.63%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. equities research analysts predict that Builders FirstSource will post 1.09 earnings per share for the current year.
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In other Builders FirstSource news, major shareholder Jll Partners Fund V. Lp sold 13,482,177 shares of the firm’s stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Paul S. Levy bought 800,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was bought at an average price of $16.17 per share, for a total transaction of $12,936,000.00. The disclosure for this purchase can be found here. Insiders sold 13,645,368 shares of company stock worth $220,735,138 in the last 90 days. Company insiders own 14.60% of the company’s stock.
A number of institutional investors have recently modified their holdings of BLDR. Schwab Charles Investment Management Inc. raised its stake in shares of Builders FirstSource by 9.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 402,672 shares of the company’s stock valued at $6,169,000 after acquiring an additional 36,217 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Builders FirstSource by 156.4% during the second quarter. Ameriprise Financial Inc. now owns 218,727 shares of the company’s stock valued at $3,351,000 after acquiring an additional 133,410 shares during the last quarter. GoodHaven Capital Management LLC raised its stake in shares of Builders FirstSource by 103.8% during the second quarter. GoodHaven Capital Management LLC now owns 203,800 shares of the company’s stock valued at $3,122,000 after acquiring an additional 103,800 shares during the last quarter. Peregrine Capital Management LLC bought a new position in shares of Builders FirstSource during the second quarter valued at $7,059,000. Finally, Castleark Management LLC raised its stake in shares of Builders FirstSource by 6.9% during the second quarter. Castleark Management LLC now owns 611,367 shares of the company’s stock valued at $9,366,000 after acquiring an additional 39,687 shares during the last quarter. Hedge funds and other institutional investors own 84.92% 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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