Builders FirstSource, Inc. (BLDR) PT Raised to $19.00 at Deutsche Bank AG

Builders FirstSource, Inc. (NASDAQ:BLDR) had its price target increased by Deutsche Bank AG from $17.00 to $19.00 in a report published on Wednesday. Deutsche Bank AG currently has a buy rating on the stock.

A number of other research firms have also commented on BLDR. Zacks Investment Research upgraded shares of Builders FirstSource from a hold rating to a buy rating and set a $18.00 price target on the stock in a research report on Wednesday, April 26th. FBR & Co restated a buy rating and issued a $20.00 price target on shares of Builders FirstSource in a research report on Tuesday, June 27th. BidaskClub upgraded shares of Builders FirstSource from a sell rating to a hold rating in a research report on Saturday, June 10th. Wedbush restated an outperform rating and issued a $20.00 price target (up from $19.00) on shares of Builders FirstSource in a research report on Wednesday, May 17th. Finally, Citigroup Inc. boosted their price target on shares of Builders FirstSource from $14.00 to $17.00 and gave the company a neutral rating in a research report on Thursday, May 11th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $17.29.

Shares of Builders FirstSource (NASDAQ BLDR) traded up 1.18% during midday trading on Wednesday, hitting $16.34. 605,814 shares of the company’s stock traded hands. Builders FirstSource has a 1-year low of $9.04 and a 1-year high of $17.22. The company has a 50 day moving average price of $15.72 and a 200 day moving average price of $14.59. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 10.81 and a beta of 2.16.

Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.03. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.83 billion. Builders FirstSource had a net margin of 2.60% and a return on equity of 43.83%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 earnings per share. Equities analysts anticipate that Builders FirstSource will post $1.12 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This piece of content was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece of content on another publication, it was stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be viewed at https://sportsperspectives.com/2017/08/12/builders-firstsource-inc-bldr-pt-raised-to-19-00-at-deutsche-bank-ag.html.

In related news, CEO Floyd F. Sherman sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $14.91, for a total transaction of $521,850.00. Following the completion of the sale, the chief executive officer now directly owns 633,635 shares of the company’s stock, valued at $9,447,497.85. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 14.60% of the company’s stock.

Large investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. acquired a new stake in Builders FirstSource during the first quarter worth $108,000. SG Americas Securities LLC acquired a new stake in Builders FirstSource during the second quarter worth $114,000. PNC Financial Services Group Inc. increased its stake in Builders FirstSource by 10,237.3% in the second quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock worth $131,000 after buying an additional 8,497 shares during the period. Invictus RG acquired a new stake in Builders FirstSource during the first quarter worth $140,000. Finally, Envestnet Asset Management Inc. increased its stake in Builders FirstSource by 68.3% in the first quarter. Envestnet Asset Management Inc. now owns 9,511 shares of the company’s stock worth $143,000 after buying an additional 3,861 shares during the period. 84.81% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Company Profile

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)

Receive News & Ratings for Builders FirstSource Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply