Posted by Susan Goodwin on Jun 30th, 2018 // No Comments
Evercore ISI started coverage on shares of Builders FirstSource (NASDAQ:BLDR) in a report issued on Thursday, MarketBeat Ratings reports. The brokerage set an “in-line” rating and a $20.00 price target on the stock. Evercore ISI’s price objective suggests a potential upside of 9.35% from the stock’s current price.
Other research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Builders FirstSource from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Tuesday, May 15th. Stifel Nicolaus restated a “buy” rating on shares of Builders FirstSource in a research note on Friday, March 2nd. ValuEngine downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Wednesday, May 16th. BidaskClub upgraded Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Saturday, April 7th. Finally, MKM Partners started coverage on Builders FirstSource in a research note on Wednesday. They set a “neutral” rating and a $20.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $22.88. Get Builders FirstSource alerts:
Builders FirstSource opened at $18.29 on Thursday, MarketBeat Ratings reports. The company has a market cap of $2.08 billion, a P/E ratio of 14.40 and a beta of 2.06. The company has a current ratio of 2.09, a quick ratio of 1.15 and a debt-to-equity ratio of 4.81. Builders FirstSource has a 52-week low of $14.39 and a 52-week high of $23.28. Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings results on Wednesday, May 9th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.08. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.69 billion. Builders FirstSource had a return on equity of 41.83% and a net margin of 0.81%. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 EPS. research analysts expect that Builders FirstSource will post 1.87 EPS for the current fiscal year.
In other Builders FirstSource news, Director Brett N. Milgrim sold 34,930 shares of the stock in a transaction that occurred on Thursday, May 31st. The stock was sold at an average price of $19.57, for a total transaction of $683,580.10. Following the completion of the sale, the director now directly owns 60,265 shares of the company’s stock, valued at approximately $1,179,386.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, Director Floyd F. Sherman sold 50,000 shares of the stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $20.21, for a total value of $1,010,500.00. The disclosure for this sale can be found here . 2.30% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Mount Yale Investment Advisors LLC acquired a new stake in Builders FirstSource during the 1st quarter worth approximately $104,000. DekaBank Deutsche Girozentrale acquired a new stake in Builders FirstSource during the 1st quarter worth approximately $112,000. Tocqueville Asset Management L.P. acquired a new stake in Builders FirstSource during the 4th quarter worth approximately $207,000. Hilltop Holdings Inc. acquired a new stake in Builders FirstSource during the 1st quarter worth approximately $203,000. Finally, Paloma Partners Management Co acquired a new stake in Builders FirstSource during the 4th quarter worth approximately $226,000. 93.26% of the stock is owned by institutional investors.
Builders FirstSource Company Profile
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 analysts' ratings for Builders FirstSource and related companies daily email newsletter .
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