Builders FirstSource, Inc. (NASDAQ:BLDR) has been assigned an average recommendation of “Hold” from the sixteen brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $16.50.
Several research firms have recently weighed in on BLDR. TheStreet raised Builders FirstSource from a “c+” rating to a “b-” rating in a research note on Wednesday, March 20th. BidaskClub raised Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Saturday, May 4th. Wedbush set a $18.00 price objective on Builders FirstSource and gave the stock a “buy” rating in a research note on Friday, May 3rd. ValuEngine lowered Builders FirstSource from a “sell” rating to a “strong sell” rating in a research note on Tuesday, April 23rd. Finally, Buckingham Research began coverage on Builders FirstSource in a research note on Monday, February 25th. They set a “neutral” rating and a $15.00 price objective for the company.
In other news, COO David E. Rush sold 4,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $16.42, for a total value of $65,680.00. Following the completion of the sale, the chief operating officer now owns 45,237 shares in the company, valued at $742,791.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO M Chad Crow sold 123,740 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $15.85, for a total value of $1,961,279.00. Following the completion of the sale, the chief executive officer now owns 420,736 shares of the company’s stock, valued at approximately $6,668,665.60. The disclosure for this sale can be found here. Insiders sold 481,213 shares of company stock valued at $7,842,011 in the last 90 days. Corporate insiders own 2.20% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its holdings in shares of Builders FirstSource by 47.5% in the fourth quarter. Rhumbline Advisers now owns 151,071 shares of the company’s stock valued at $1,648,000 after purchasing an additional 48,668 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Builders FirstSource during the fourth quarter worth $121,000. Towle & Co. purchased a new stake in shares of Builders FirstSource during the fourth quarter worth $18,592,000. Gotham Asset Management LLC purchased a new stake in shares of Builders FirstSource during the fourth quarter worth $1,457,000. Finally, Metropolitan Life Insurance Co. NY raised its holdings in shares of Builders FirstSource by 322.1% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 36,395 shares of the company’s stock worth $397,000 after acquiring an additional 27,773 shares in the last quarter. Institutional investors own 94.77% of the company’s stock.
Shares of BLDR traded down $0.15 during trading hours on Friday, hitting $15.82. 812,299 shares of the company were exchanged, compared to its average volume of 967,004. The firm has a market cap of $1.83 billion, a PE ratio of 8.33, a P/E/G ratio of 1.95 and a beta of 2.19. The company has a quick ratio of 1.02, a current ratio of 1.88 and a debt-to-equity ratio of 2.47. Builders FirstSource has a one year low of $10.15 and a one year high of $20.79.
Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings data on Thursday, February 28th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.88 billion. Builders FirstSource had a return on equity of 41.88% and a net margin of 2.84%. On average, equities research analysts anticipate that Builders FirstSource will post 1.66 EPS for the current fiscal year.
Builders FirstSource Company Profile
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. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand name.
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