Media stories about Builders FirstSource (NASDAQ:BLDR) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Builders FirstSource earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned headlines about the company an impact score of 48.8133991023706 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Investment Research Analysts Opinion: Builders FirstSource, Inc … – Іnsіdеr Cаr Nеws (theinsidercarnews.com)
- Builders FirstSource, Inc. (BLDR) Short Interest Down 31.6% in September (americanbankingnews.com)
- Future growth to see about Builders FirstSource, Inc. (BLDR) – Street Observer (press release) (streetobserver.com)
- Stocks Under Scanner in the General Building Materials Space — Builders FirstSource, Martin Marietta Materials, MDU … – PR Newswire (press release) (prnewswire.com)
- ETFs with exposure to Builders FirstSource, Inc. : October 11, 2017 (finance.yahoo.com)
BLDR has been the subject of several analyst reports. Wedbush reaffirmed a “buy” rating and set a $20.00 price target on shares of Builders FirstSource in a research note on Thursday, September 7th. FBR & Co reaffirmed a “buy” rating and set a $20.00 price target on shares of Builders FirstSource in a research note on Tuesday, June 27th. BidaskClub raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Deutsche Bank AG raised their price target on shares of Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Builders FirstSource presently has an average rating of “Hold” and an average target price of $17.33.
Shares of Builders FirstSource (NASDAQ:BLDR) traded down 0.81% during trading on Tuesday, reaching $17.23. 237,986 shares of the company were exchanged. Builders FirstSource has a one year low of $9.04 and a one year high of $18.23. The stock has a 50-day moving average price of $17.01 and a 200-day moving average price of $15.68. The stock has a market capitalization of $1.94 billion, a PE ratio of 11.40 and a beta of 2.09.
Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.03. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Builders FirstSource had a net margin of 2.60% and a return on equity of 43.83%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 EPS. Analysts forecast that Builders FirstSource will post $1.11 EPS for the current year.
In other Builders FirstSource news, Director Cleveland A. Christophe sold 36,000 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $16.66, for a total value of $599,760.00. Following the completion of the transaction, the director now directly owns 48,181 shares in the company, valued at approximately $802,695.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Floyd F. Sherman sold 109,536 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $16.72, for a total transaction of $1,831,441.92. Following the completion of the transaction, the chief executive officer now owns 773,171 shares of the company’s stock, valued at $12,927,419.12. The disclosure for this sale can be found here. Insiders have sold a total of 13,645,368 shares of company stock valued at $220,735,138 in the last three months. 14.60% of the stock is currently owned by corporate insiders.
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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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