Builders FirstSource (BLDR) PT Set at $30.00 by Wedbush

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.

Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.87 billion. Builders FirstSource had a net margin of 1.29% and a return on equity of 33.66%. The company’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm earned $0.61 EPS. equities analysts expect that Builders FirstSource will post 1.03 earnings per share for the current year.

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.

Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

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