Evercore ISI assumed coverage on shares of Builders FirstSource (NASDAQ:BLDR) in a note issued to investors on Thursday, Marketbeat.com reports. The brokerage set an “in-line” rating and a $20.00 price target on the stock. Evercore ISI’s price target indicates a potential upside of 11.73% from the stock’s previous close.
Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Tuesday, May 15th. Stifel Nicolaus reiterated a “buy” rating on shares of Builders FirstSource in a research note on Friday, March 2nd. ValuEngine lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Wednesday, May 16th. BidaskClub upgraded shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Saturday, April 7th. Finally, MKM Partners initiated coverage on shares of Builders FirstSource in a research note on Wednesday. They set a “neutral” rating and a $20.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $22.88.
Shares of BLDR traded down $0.23 during mid-day trading on Thursday, hitting $17.90. The company’s stock had a trading volume of 15,527 shares, compared to its average volume of 933,617. Builders FirstSource has a 52-week low of $14.39 and a 52-week high of $23.28. The stock has a market capitalization of $2.17 billion, a PE ratio of 14.13 and a beta of 2.06. The company has a debt-to-equity ratio of 4.81, a quick ratio of 1.15 and a current ratio of 2.09.
In other Builders FirstSource news, Director Floyd F. Sherman sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 13th. The shares were sold at an average price of $20.21, for a total transaction of $1,010,500.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Brett N. Milgrim sold 34,930 shares of the company’s stock in a transaction that occurred on Thursday, May 31st. The shares were sold at an average price of $19.57, for a total transaction of $683,580.10. Following the transaction, the director now owns 60,265 shares in the company, valued at approximately $1,179,386.05. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its stake in Builders FirstSource by 22.1% during the 4th quarter. BlackRock Inc. now owns 8,812,200 shares of the company’s stock valued at $192,018,000 after purchasing an additional 1,594,755 shares in the last quarter. Carillon Tower Advisers Inc. increased its stake in Builders FirstSource by 1.9% during the 1st quarter. Carillon Tower Advisers Inc. now owns 3,393,907 shares of the company’s stock valued at $63,635,000 after purchasing an additional 63,950 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Builders FirstSource by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,376,833 shares of the company’s stock valued at $66,996,000 after purchasing an additional 31,109 shares in the last quarter. Hennessy Advisors Inc. increased its stake in shares of Builders FirstSource by 3.9% in the first quarter. Hennessy Advisors Inc. now owns 1,800,500 shares of the company’s stock worth $35,722,000 after acquiring an additional 67,100 shares during the period. Finally, Lakewood Capital Management LP acquired a new stake in shares of Builders FirstSource in the fourth quarter worth $37,241,000. Institutional investors and hedge funds own 93.26% of the company’s stock.
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.
Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter.