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.
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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.
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