Builders FirstSource, Inc. (NASDAQ:BLDR) – Research analysts at Seaport Global Securities lowered their Q1 2018 EPS estimates for shares of Builders FirstSource in a report released on Thursday, according to Zacks Investment Research. Seaport Global Securities analyst M. Mccall now forecasts that the company will post earnings per share of $0.13 for the quarter, down from their previous estimate of $0.14. Seaport Global Securities currently has a “Buy” rating and a $26.00 target price on the stock. Seaport Global Securities also issued estimates for Builders FirstSource’s Q3 2018 earnings at $0.65 EPS and Q4 2018 earnings at $0.44 EPS.
Builders FirstSource (NASDAQ:BLDR) last issued its earnings results on Wednesday, February 28th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.23. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.70 billion. Builders FirstSource had a return on equity of 39.79% and a net margin of 0.55%. Builders FirstSource’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 earnings per share.
BLDR has been the subject of several other research reports. Stephens restated a “buy” rating and issued a $27.00 target price on shares of Builders FirstSource in a research note on Wednesday, January 17th. BidaskClub raised Builders FirstSource from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 27th. Wedbush reaffirmed an “outperform” rating and issued a $30.00 price target on shares of Builders FirstSource in a report on Thursday, March 1st. Stifel Nicolaus reissued a “buy” rating on shares of Builders FirstSource in a report on Friday, March 2nd. Finally, ValuEngine raised Builders FirstSource from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $23.41.
Shares of Builders FirstSource (BLDR) traded down $0.12 during trading hours on Monday, reaching $21.78. The company’s stock had a trading volume of 709,027 shares, compared to its average volume of 1,361,503. The company has a debt-to-equity ratio of 4.71, a current ratio of 1.75 and a quick ratio of 0.99. The company has a market cap of $2,500.00, a P/E ratio of 65.85 and a beta of 2.05. Builders FirstSource has a 52-week low of $13.33 and a 52-week high of $23.28.
In related news, CFO Peter M. Jackson sold 11,972 shares of Builders FirstSource stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $21.44, for a total transaction of $256,679.68. Following the sale, the chief financial officer now directly owns 32,305 shares in the company, valued at $692,619.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Morris E. Tolly sold 50,000 shares of Builders FirstSource stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $21.25, for a total value of $1,062,500.00. Following the sale, the chief operating officer now owns 128,344 shares in the company, valued at $2,727,310. The disclosure for this sale can be found here. Insiders have sold 215,607 shares of company stock worth $4,587,751 over the last 90 days. 14.60% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the business. Ameritas Investment Partners Inc. raised its stake in Builders FirstSource by 17.3% during the second quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock valued at $130,000 after buying an additional 1,253 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in shares of Builders FirstSource by 0.4% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 613,750 shares of the company’s stock worth $13,374,000 after purchasing an additional 2,650 shares during the last quarter. Amalgamated Bank raised its stake in shares of Builders FirstSource by 22.2% in the fourth quarter. Amalgamated Bank now owns 15,021 shares of the company’s stock worth $327,000 after purchasing an additional 2,729 shares during the last quarter. Suntrust Banks Inc. raised its stake in shares of Builders FirstSource by 13.6% in the fourth quarter. Suntrust Banks Inc. now owns 23,076 shares of the company’s stock worth $502,000 after purchasing an additional 2,757 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Builders FirstSource by 58.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,462 shares of the company’s stock worth $163,000 after purchasing an additional 2,766 shares during the last quarter. Institutional investors and hedge funds own 98.01% of the company’s stock.
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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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