Builders FirstSource, Inc. (BLDR) Given “Buy” Rating at SunTrust Banks, Inc.

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.

Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

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