Stephens Reiterates Buy Rating for Builders FirstSource (BLDR)

Builders FirstSource (NASDAQ:BLDR)‘s stock had its “buy” rating reissued by investment analysts at Stephens in a report released on Wednesday. They presently have a $27.00 target price on the stock. Stephens’ price target suggests a potential upside of 21.90% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Builders FirstSource from a “hold” rating to a “sell” rating in a research report on Monday, October 9th. B. Riley reaffirmed a “buy” rating on shares of Builders FirstSource in a research report on Wednesday, November 1st. Citigroup upped their price target on shares of Builders FirstSource from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. Barclays upped 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, November 10th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $20.00 price target on shares of Builders FirstSource in a research report on Friday, November 10th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Builders FirstSource currently has a consensus rating of “Buy” and a consensus target price of $23.00.

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

Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. Builders FirstSource had a net margin of 1.29% and a return on equity of 33.66%. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the company earned $0.61 EPS. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. sell-side analysts predict that Builders FirstSource will post 1.03 earnings per share for the current fiscal year.

In other Builders FirstSource news, CEO Floyd F. Sherman sold 40,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $19.43, for a total value of $777,200.00. Following the transaction, the chief executive officer now owns 623,635 shares in the company, valued at approximately $12,117,228.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Peter M. Jackson sold 12,500 shares of the business’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $20.51, for a total transaction of $256,375.00. Following the completion of the transaction, the chief financial officer now owns 26,587 shares in the company, valued at approximately $545,299.37. The disclosure for this sale can be found here. Insiders sold a total of 377,598 shares of company stock worth $6,950,025 in the last quarter. 14.60% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. Cubist Systematic Strategies LLC acquired a new position in Builders FirstSource in the 3rd quarter worth $110,000. SG Americas Securities LLC acquired a new position in Builders FirstSource in the 2nd quarter worth $114,000. Victory Capital Management Inc. acquired a new position in Builders FirstSource in the 3rd quarter worth $147,000. Ameritas Investment Partners Inc. lifted its holdings in Builders FirstSource by 17.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock worth $130,000 after buying an additional 1,253 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Builders FirstSource by 10,237.3% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

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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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