Stephens Analysts Give Builders FirstSource (BLDR) a $14.00 Price Target

Stephens set a $14.00 price objective on Builders FirstSource (NASDAQ:BLDR) in a research note issued to investors on Monday. The firm currently has a hold rating on the stock.

Other equities analysts have also issued reports about the company. BidaskClub lowered Builders FirstSource from a sell rating to a strong sell rating in a research note on Saturday, July 14th. Zacks Investment Research raised Builders FirstSource from a hold rating to a buy rating and set a $20.00 price target on the stock in a research note on Monday, July 16th. Wedbush boosted their price target on Builders FirstSource from $27.00 to $30.00 and gave the company an outperform rating in a research note on Tuesday, July 17th. ValuEngine lowered Builders FirstSource from a hold rating to a sell rating in a research note on Wednesday, July 25th. Finally, Stifel Nicolaus reissued a buy rating and issued a $25.00 price target (down from $28.00) on shares of Builders FirstSource in a research note on Thursday, August 9th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. Builders FirstSource presently has a consensus rating of Hold and a consensus target price of $19.62.

Shares of BLDR stock opened at $13.06 on Monday. Builders FirstSource has a one year low of $11.60 and a one year high of $23.28. The company has a market capitalization of $1.59 billion, a P/E ratio of 10.28, a P/E/G ratio of 1.51 and a beta of 1.93. The company has a current ratio of 2.09, a quick ratio of 1.12 and a debt-to-equity ratio of 3.39.

Builders FirstSource (NASDAQ:BLDR) last announced its earnings results on Thursday, November 1st. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.08. Builders FirstSource had a return on equity of 48.32% and a net margin of 1.44%. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the prior year, the business posted $0.39 earnings per share. The firm’s revenue was up 12.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Builders FirstSource will post 1.89 EPS for the current fiscal year.

In other news, Director Paul S. Levy bought 100,000 shares of the stock in a transaction dated Thursday, September 6th. The shares were bought at an average cost of $15.98 per share, with a total value of $1,598,000.00. Following the completion of the transaction, the director now directly owns 1,117,984 shares of the company’s stock, valued at $17,865,384.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Floyd F. Sherman sold 196,512 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $13.78, for a total value of $2,707,935.36. Following the transaction, the director now directly owns 478,346 shares in the company, valued at $6,591,607.88. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of BLDR. NumerixS Investment Technologies Inc raised its position in Builders FirstSource by 229.8% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 5,600 shares of the company’s stock valued at $101,000 after buying an additional 3,902 shares during the last quarter. Essex Investment Management Co. LLC raised its position in Builders FirstSource by 3.2% in the 3rd quarter. Essex Investment Management Co. LLC now owns 154,116 shares of the company’s stock valued at $2,262,000 after buying an additional 4,807 shares during the last quarter. Principal Financial Group Inc. raised its position in Builders FirstSource by 7.4% in the 1st quarter. Principal Financial Group Inc. now owns 81,790 shares of the company’s stock valued at $1,623,000 after buying an additional 5,610 shares during the last quarter. Creative Planning raised its position in Builders FirstSource by 40.2% in the 2nd quarter. Creative Planning now owns 19,954 shares of the company’s stock valued at $365,000 after buying an additional 5,722 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Builders FirstSource by 6.1% in the 2nd quarter. Rhumbline Advisers now owns 109,475 shares of the company’s stock valued at $2,002,000 after buying an additional 6,261 shares during the last quarter. 91.55% of the stock is currently owned by institutional investors.

About Builders FirstSource

Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.

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Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

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