Builders FirstSource (BLDR) Rating Reiterated by Stephens

Stephens restated their buy rating on shares of Builders FirstSource (NASDAQ:BLDR) in a research report report published on Wednesday morning. Stephens currently has a $27.00 target price on the stock.

BLDR has been the topic of a number of other research reports. Barclays lifted their price target on shares of Builders FirstSource from $15.00 to $17.00 and gave the stock an equal weight rating in a report on Friday, November 10th. ValuEngine raised shares of Builders FirstSource from a hold rating to a buy rating in a report on Sunday, December 31st. SunTrust Banks reaffirmed a buy rating and issued a $20.00 price target on shares of Builders FirstSource in a report on Friday, November 10th. Zacks Investment Research cut shares of Builders FirstSource from a hold rating to a sell rating in a report on Monday, October 9th. Finally, B. Riley lifted their price target on shares of Builders FirstSource from $20.00 to $24.00 and gave the stock a buy rating in a report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Builders FirstSource presently has an average rating of Buy and a consensus target price of $23.00.

Builders FirstSource (NASDAQ:BLDR) traded down $0.19 during trading on Wednesday, hitting $22.60. 1,067,300 shares of the company’s stock traded hands, compared to its average volume of 1,330,000. Builders FirstSource has a 1 year low of $10.56 and a 1 year high of $23.15. The company has a debt-to-equity ratio of 4.46, a quick ratio of 1.06 and a current ratio of 1.86. The company has a market cap of $2,550.00, a PE ratio of 29.74 and a beta of 2.15.

Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Builders FirstSource had a net margin of 1.29% and a return on equity of 33.66%. Builders FirstSource’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 EPS. sell-side analysts expect that Builders FirstSource will post 1.03 EPS for the current fiscal year.

In other Builders FirstSource news, CFO Peter M. Jackson sold 12,500 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $20.51, for a total transaction of $256,375.00. Following the sale, the chief financial officer now owns 26,587 shares of the company’s stock, valued at approximately $545,299.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider M Chad Crow sold 158,384 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $18.24, for a total transaction of $2,888,924.16. Following the transaction, the insider now owns 446,248 shares of the company’s stock, valued at $8,139,563.52. The disclosure for this sale can be found here. Insiders have sold a total of 377,598 shares of company stock worth $6,950,025 in the last three months. Insiders own 14.60% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BLDR. Cubist Systematic Strategies LLC purchased a new position in shares of Builders FirstSource during the 3rd quarter valued at $110,000. SG Americas Securities LLC purchased a new position in shares of Builders FirstSource during the 2nd quarter valued at $114,000. Ameritas Investment Partners Inc. grew its position in shares of Builders FirstSource by 17.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock valued at $130,000 after purchasing an additional 1,253 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Builders FirstSource by 10,237.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock valued at $131,000 after purchasing an additional 8,497 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new position in shares of Builders FirstSource during the 3rd quarter valued at $147,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by Ticker Report and is the property of of Ticker Report. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3144896/builders-firstsource-bldr-rating-reiterated-by-stephens.html.

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

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.