Builders FirstSource (NASDAQ:BLDR) has been assigned a $30.00 price objective by analysts at Wedbush in a research report issued to clients and investors on Friday. The brokerage currently has an “outperform” rating on the stock. Wedbush’s target price suggests a potential upside of 31.64% from the company’s previous close. Wedbush also issued estimates for Builders FirstSource’s Q1 2019 earnings at $1.74 EPS.
BLDR has been the topic of several other reports. Zacks Investment Research downgraded shares of Builders FirstSource from a “hold” rating to a “sell” rating in a research report on Monday, October 9th. Barclays set a $21.00 price objective on shares of Builders FirstSource and gave the company a “hold” rating in a research report on Sunday, January 7th. Citigroup lifted their price target on shares of Builders FirstSource from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, November 10th. SunTrust Banks reiterated a “buy” rating and issued a $20.00 price target on shares of Builders FirstSource in a report on Friday, November 10th. Finally, ValuEngine downgraded shares of Builders FirstSource from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $22.50.
Shares of Builders FirstSource (NASDAQ BLDR) traded up $0.33 during mid-day trading on Friday, hitting $22.79. 1,032,600 shares of the stock traded hands, compared to its average volume of 1,353,933. The company has a market cap of $2,570.00, a P/E ratio of 29.99 and a beta of 2.15. Builders FirstSource has a 12-month low of $10.56 and a 12-month high of $22.91. The company has a quick ratio of 1.06, a current ratio of 1.86 and a debt-to-equity ratio of 4.46.
In other news, SVP Donald F. Mcaleenan sold 166,714 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $18.16, for a total value of $3,027,526.24. Following the sale, the senior vice president now directly owns 179,805 shares in the company, valued at approximately $3,265,258.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Peter M. Jackson sold 12,500 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $20.51, for a total transaction of $256,375.00. Following the completion of the sale, the chief financial officer now owns 26,587 shares in the company, valued at $545,299.37. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 377,598 shares of company stock worth $6,950,025. Insiders own 14.60% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new stake in shares of Builders FirstSource in the 3rd quarter worth about $110,000. SG Americas Securities LLC bought a new stake in shares of Builders FirstSource in the 2nd quarter worth about $114,000. Victory Capital Management Inc. bought a new stake in shares of Builders FirstSource in the 3rd quarter worth about $147,000. Ameritas Investment Partners Inc. increased its holdings in shares of Builders FirstSource by 17.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock worth $130,000 after buying an additional 1,253 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Builders FirstSource by 10,237.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock worth $131,000 after buying an additional 8,497 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.
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Builders FirstSource Company Profile
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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