Builders FirstSource Inc. (BLDR) Rating Reiterated by FBR & Co
Builders FirstSource Inc. (NASDAQ:BLDR)‘s stock had its “outperform” rating reiterated by equities research analysts at FBR & Co in a research report issued on Tuesday. They currently have a $15.00 price objective on the stock. FBR & Co’s price objective points to a potential upside of 35.62% from the stock’s current price.
A number of other equities research analysts have also recently weighed in on BLDR. Citigroup Inc. lifted their price objective on Builders FirstSource from $12.00 to $14.00 and gave the company a “neutral” rating in a research note on Monday, August 8th. Zacks Investment Research raised Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Wedbush reaffirmed an “outperform” rating and issued a $18.00 price objective on shares of Builders FirstSource in a research note on Tuesday, September 6th. Finally, Seaport Global Securities began coverage on Builders FirstSource in a research note on Tuesday, November 22nd. They issued a “buy” rating and a $16.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Builders FirstSource currently has a consensus rating of “Buy” and a consensus price target of $15.38.
Builders FirstSource (NASDAQ:BLDR) opened at 11.06 on Tuesday. Builders FirstSource has a one year low of $6.50 and a one year high of $14.09. The stock has a 50 day moving average price of $10.42 and a 200-day moving average price of $11.72. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 9.72 and a beta of 2.39.
Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.23. Builders FirstSource had a return on equity of 49.20% and a net margin of 2.03%. The business earned $1.75 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the firm posted $0.31 earnings per share. The company’s revenue was up 36.8% on a year-over-year basis. On average, analysts predict that Builders FirstSource will post $0.90 earnings per share for the current fiscal year.
In related news, CEO Floyd F. Sherman sold 12,403 shares of Builders FirstSource stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $11.26, for a total value of $139,657.78. Following the completion of the transaction, the chief executive officer now directly owns 641,807 shares in the company, valued at $7,226,746.82. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 36.20% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in BLDR. Verition Fund Management LLC acquired a new stake in shares of Builders FirstSource during the third quarter worth about $120,000. ProShare Advisors LLC acquired a new stake in shares of Builders FirstSource during the second quarter worth about $122,000. BB&T Securities LLC acquired a new stake in shares of Builders FirstSource during the second quarter worth about $127,000. BlackRock Inc. increased its stake in shares of Builders FirstSource by 193.3% in the second quarter. BlackRock Inc. now owns 11,392 shares of the company’s stock worth $128,000 after buying an additional 7,508 shares during the period. Finally, Palo Capital Inc. acquired a new stake in shares of Builders FirstSource during the third quarter worth about $137,000. 83.61% of the stock is owned by institutional investors.
About Builders FirstSource
Builders FirstSource, Inc is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors and consumers. The Company’s operating segments include Northeast, Southeast, South and West. It offers solution to its customers providing manufacturing, supply and installation of a range of structural and related building products.
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