Builders FirstSource (NASDAQ:BLDR) had its target price cut by equities research analysts at Deutsche Bank from $23.00 to $19.00 in a report released on Monday. The firm presently has a “buy” rating on the stock. Deutsche Bank’s target price indicates a potential upside of 37.09% from the company’s current price.
Several other research analysts also recently commented on BLDR. BidaskClub downgraded Builders FirstSource from a “sell” rating to a “strong sell” rating in a report on Saturday, July 14th. Zacks Investment Research raised Builders FirstSource from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Monday, July 16th. Wedbush boosted their price objective on Builders FirstSource from $27.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, July 17th. ValuEngine downgraded Builders FirstSource from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. Finally, Stephens set a $21.00 price objective on Builders FirstSource and gave the company a “buy” rating in a research note on Monday, August 6th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $19.62.
Shares of BLDR opened at $13.86 on Monday. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 7.88, a P/E/G ratio of 1.64 and a beta of 1.93. Builders FirstSource has a 12 month low of $11.60 and a 12 month high of $23.28. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.12 and a current ratio of 2.04.
Builders FirstSource (NASDAQ:BLDR) last announced its earnings results on Thursday, November 1st. The company reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.08. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.08 billion. Builders FirstSource had a return on equity of 51.99% and a net margin of 1.44%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS. On average, equities research analysts forecast that Builders FirstSource will post 1.8 EPS for the current year.
In related news, Director Robert C. Griffin sold 16,756 shares of the business’s stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $17.15, for a total value of $287,365.40. Following the completion of the sale, the director now directly owns 30,104 shares of the company’s stock, valued at approximately $516,283.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul S. Levy bought 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The stock was purchased at an average cost of $15.98 per share, with a total value of $1,598,000.00. Following the completion of the transaction, the director now directly owns 1,117,984 shares in the company, valued at $17,865,384.32. The disclosure for this purchase can be found here. 2.30% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of BLDR. Altshuler Shaham Ltd bought a new stake in Builders FirstSource in the 2nd quarter valued at about $24,638,000. BlackRock Inc. increased its position in Builders FirstSource by 7.3% in the 2nd quarter. BlackRock Inc. now owns 8,631,344 shares of the company’s stock valued at $157,869,000 after buying an additional 585,206 shares in the last quarter. Sei Investments Co. increased its position in Builders FirstSource by 497.1% in the 2nd quarter. Sei Investments Co. now owns 635,305 shares of the company’s stock valued at $11,621,000 after buying an additional 528,913 shares in the last quarter. Hillcrest Asset Management LLC bought a new stake in Builders FirstSource in the 2nd quarter valued at about $9,555,000. Finally, Wells Fargo & Company MN increased its position in Builders FirstSource by 62.9% in the 3rd quarter. Wells Fargo & Company MN now owns 1,152,588 shares of the company’s stock valued at $16,920,000 after buying an additional 445,200 shares in the last quarter. 91.55% of the stock is owned by institutional investors and hedge funds.
About Builders FirstSource
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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