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.
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.
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