BidaskClub upgraded shares of Builders FirstSource (NASDAQ:BLDR) from a strong sell rating to a sell rating in a research note published on Tuesday.
Several other brokerages have also recently issued reports on BLDR. Wedbush reissued an outperform rating and issued a $30.00 price objective on shares of Builders FirstSource in a research note on Thursday, May 10th. ValuEngine cut Builders FirstSource from a buy rating to a hold rating in a research note on Wednesday, May 16th. Zacks Investment Research raised Builders FirstSource from a hold rating to a buy rating and set a $21.00 price objective on the stock in a research note on Tuesday, May 15th. Finally, Stifel Nicolaus reissued a buy rating on shares of Builders FirstSource in a research note on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. Builders FirstSource currently has a consensus rating of Buy and an average price target of $23.14.
Shares of Builders FirstSource opened at $19.30 on Tuesday, MarketBeat.com reports. Builders FirstSource has a 52-week low of $13.33 and a 52-week high of $23.28. The company has a market capitalization of $2.23 billion, a P/E ratio of 15.20 and a beta of 2.07. The company has a current ratio of 2.09, a quick ratio of 1.15 and a debt-to-equity ratio of 4.81.
Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings data on Wednesday, May 9th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.08. Builders FirstSource had a return on equity of 41.83% and a net margin of 0.81%. The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the prior year, the firm earned $0.11 earnings per share. Builders FirstSource’s revenue was up 10.9% compared to the same quarter last year. equities research analysts predict that Builders FirstSource will post 1.86 earnings per share for the current fiscal year.
In other Builders FirstSource news, Director Floyd F. Sherman sold 100,000 shares of the stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $21.24, for a total transaction of $2,124,000.00. Following the sale, the director now owns 481,834 shares of the company’s stock, valued at approximately $10,234,154.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Morris E. Tolly sold 50,000 shares of the stock in a transaction 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 directly owns 128,344 shares in the company, valued at approximately $2,727,310. The disclosure for this sale can be found here. Insiders have sold a total of 409,650 shares of company stock worth $8,790,722 in the last ninety days. Insiders own 2.30% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale bought a new stake in Builders FirstSource during the 1st quarter valued at $112,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Builders FirstSource by 58.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,462 shares of the company’s stock valued at $163,000 after acquiring an additional 2,766 shares in the last quarter. Tocqueville Asset Management L.P. bought a new stake in Builders FirstSource during the 4th quarter valued at $207,000. Hilltop Holdings Inc. bought a new stake in Builders FirstSource during the 1st quarter valued at $203,000. Finally, Paloma Partners Management Co bought a new stake in Builders FirstSource during the 4th quarter valued at $226,000. 94.72% of the stock is currently owned by institutional investors and hedge funds.
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. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.
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