Stephens Reiterates Buy Rating for Builders FirstSource (BLDR)

Builders FirstSource (NASDAQ:BLDR)‘s stock had its “buy” rating reaffirmed by investment analysts at Stephens in a research note issued on Wednesday. They currently have a $27.00 price target on the stock. Stephens’ price objective points to a potential upside of 21.90% from the company’s current price.

Several other research analysts also recently issued reports on the company. Wedbush set a $30.00 price objective on Builders FirstSource and gave the stock an “outperform” rating in a research report on Friday, January 12th. BidaskClub downgraded Builders FirstSource from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 11th. Barclays set a $21.00 price objective on Builders FirstSource and gave the stock a “hold” rating in a research report on Sunday, January 7th. Seaport Global Securities restated a “buy” rating and set a $26.00 price objective on shares of Builders FirstSource in a research report on Wednesday, January 3rd. Finally, ValuEngine upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Builders FirstSource currently has an average rating of “Buy” and an average price target of $23.00.

Builders FirstSource (NASDAQ BLDR) opened at $22.15 on Wednesday. The company has a debt-to-equity ratio of 4.46, a quick ratio of 1.06 and a current ratio of 1.86. Builders FirstSource has a 12-month low of $10.56 and a 12-month high of $23.15. The stock has a market capitalization of $2,500.00, a P/E ratio of 29.14 and a beta of 2.15.

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings data 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. Builders FirstSource had a return on equity of 33.66% and a net margin of 1.29%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the firm posted $0.61 EPS. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. analysts predict that Builders FirstSource will post 1.03 earnings per share for the current fiscal year.

In other Builders FirstSource news, CFO Peter M. Jackson sold 12,500 shares of Builders FirstSource stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $20.51, for a total value of $256,375.00. Following the completion of the sale, the chief financial officer now directly owns 26,587 shares of the company’s stock, valued at approximately $545,299.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Donald F. Mcaleenan sold 166,714 shares of Builders FirstSource stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $18.16, for a total transaction of $3,027,526.24. Following the completion of the sale, the senior vice president now directly owns 179,805 shares of the company’s stock, valued at $3,265,258.80. The disclosure for this sale can be found here. Insiders sold a total of 377,598 shares of company stock valued at $6,950,025 over the last ninety days. 14.60% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in BLDR. Eagle Asset Management Inc. grew its stake in Builders FirstSource by 30.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 4,224,149 shares of the company’s stock worth $74,936,000 after acquiring an additional 997,132 shares during the period. Hodges Capital Management Inc. purchased a new stake in Builders FirstSource in the 3rd quarter worth approximately $12,170,000. BlackRock Inc. grew its stake in Builders FirstSource by 8.9% in the 2nd quarter. BlackRock Inc. now owns 6,912,890 shares of the company’s stock worth $105,905,000 after acquiring an additional 563,694 shares during the period. Formula Growth Ltd. grew its stake in Builders FirstSource by 41.9% in the 2nd quarter. Formula Growth Ltd. now owns 1,633,585 shares of the company’s stock worth $25,027,000 after acquiring an additional 482,228 shares during the period. Finally, PDT Partners LLC purchased a new stake in Builders FirstSource in the 2nd quarter worth approximately $5,736,000. 94.48% of the stock is owned by hedge funds and other institutional investors.

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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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