Builders FirstSource, Inc. (NASDAQ:BLDR) – Analysts at Seaport Global Securities boosted their FY2018 EPS estimates for shares of Builders FirstSource in a research note issued on Monday, November 5th, Zacks Investment Research reports. Seaport Global Securities analyst M. Mccall now expects that the company will post earnings per share of $1.89 for the year, up from their previous estimate of $1.75. Seaport Global Securities also issued estimates for Builders FirstSource’s Q4 2018 earnings at $0.44 EPS and FY2020 earnings at $2.20 EPS.
Builders FirstSource (NASDAQ:BLDR) last announced its earnings results on Thursday, November 1st. The company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.08. Builders FirstSource had a net margin of 1.44% and a return on equity of 48.32%. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the previous year, the firm posted $0.39 earnings per share. The company’s revenue was up 12.7% on a year-over-year basis.
A number of other brokerages also recently weighed in on BLDR. Evercore ISI downgraded shares of Builders FirstSource from an “in-line” rating to an “underperform” rating and set a $14.00 target price for the company. in a research note on Monday, November 5th. DA Davidson started coverage on shares of Builders FirstSource in a research note on Thursday, September 13th. They issued a “buy” rating and a $20.00 target price for the company. Zacks Investment Research downgraded shares of Builders FirstSource from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. Stifel Nicolaus reissued a “buy” rating and set a $25.00 price target (down from $28.00) on shares of Builders FirstSource in a research note on Thursday, August 9th. Finally, Stephens set a $21.00 price target on shares of Builders FirstSource and gave the stock a “buy” rating in a research note on Monday, August 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. Builders FirstSource currently has an average rating of “Hold” and a consensus price target of $19.18.
Shares of NASDAQ BLDR traded up $0.14 during trading on Thursday, reaching $13.53. The company had a trading volume of 786,936 shares, compared to its average volume of 1,305,650. Builders FirstSource has a 52 week low of $11.60 and a 52 week high of $23.28. The company has a market cap of $1.55 billion, a PE ratio of 10.65, a P/E/G ratio of 1.44 and a beta of 1.93. The company has a current ratio of 2.09, a quick ratio of 1.21 and a debt-to-equity ratio of 3.39.
Hedge funds and other institutional investors have recently modified their holdings of the stock. NumerixS Investment Technologies Inc grew its holdings in Builders FirstSource by 229.8% during the second quarter. NumerixS Investment Technologies Inc now owns 5,600 shares of the company’s stock valued at $101,000 after purchasing an additional 3,902 shares during the period. Rehmann Capital Advisory Group grew its holdings in Builders FirstSource by 1,143.6% during the third quarter. Rehmann Capital Advisory Group now owns 7,897 shares of the company’s stock valued at $538,000 after purchasing an additional 7,262 shares during the period. Royal Bank of Canada grew its holdings in Builders FirstSource by 140.2% during the first quarter. Royal Bank of Canada now owns 10,965 shares of the company’s stock valued at $218,000 after purchasing an additional 6,401 shares during the period. Engineers Gate Manager LP acquired a new position in Builders FirstSource during the third quarter valued at approximately $194,000. Finally, Cornerstone Wealth Management LLC acquired a new position in Builders FirstSource during the second quarter valued at approximately $738,000. Hedge funds and other institutional investors own 90.57% of the company’s stock.
In related news, Director Floyd F. Sherman sold 196,512 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $13.78, for a total transaction of $2,707,935.36. Following the completion of the transaction, the director now owns 478,346 shares in the company, valued at $6,591,607.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Paul S. Levy acquired 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The shares were purchased at an average price of $15.98 per share, with a total value of $1,598,000.00. Following the acquisition, the director now owns 1,117,984 shares of the company’s stock, valued at approximately $17,865,384.32. The disclosure for this purchase can be found here. Insiders own 2.30% of the company’s stock.
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.
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