Builders FirstSource, Inc. (NASDAQ:BLDR) – Analysts at Seaport Global Securities boosted their Q4 2017 earnings per share (EPS) estimates for Builders FirstSource in a report issued on Wednesday. Seaport Global Securities analyst M. Mccall now anticipates that the company will post earnings of $0.19 per share for the quarter, up from their previous forecast of $0.17. Seaport Global Securities has a “Buy” rating and a $26.00 price target on the stock. Seaport Global Securities also issued estimates for Builders FirstSource’s Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.61 EPS, Q4 2018 earnings at $0.41 EPS and FY2018 earnings at $1.72 EPS.
A number of other research firms have also weighed in on BLDR. Stephens reiterated a “buy” rating and issued a $27.00 target price on shares of Builders FirstSource in a research note on Wednesday, January 17th. BidaskClub upgraded Builders FirstSource from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 27th. Citigroup increased their target price on Builders FirstSource from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, November 10th. Wedbush set a $30.00 target price on Builders FirstSource and gave the stock an “outperform” rating in a research note on Friday, January 12th. Finally, B. Riley reiterated a “buy” rating on shares of Builders FirstSource in a research note on Wednesday, November 1st. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $23.41.
In other Builders FirstSource news, CFO Peter M. Jackson sold 12,500 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $20.51, for a total value of $256,375.00. Following the completion of the sale, the chief financial officer now owns 26,587 shares of the company’s stock, valued at $545,299.37. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 14.60% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC acquired a new stake in Builders FirstSource in the third quarter worth about $110,000. Ameritas Investment Partners Inc. boosted its holdings in Builders FirstSource by 17.3% in the second quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock worth $130,000 after acquiring an additional 1,253 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Builders FirstSource by 10,237.3% in the second quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock worth $131,000 after acquiring an additional 8,497 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Builders FirstSource in the third quarter worth about $147,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in 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 acquiring an additional 2,766 shares in the last quarter.
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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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