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.
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.
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