Builders FirstSource Inc. (NASDAQ:BLDR) – Investment analysts at SunTrust Banks increased their Q1 2017 earnings per share estimates for Builders FirstSource in a report issued on Friday. SunTrust Banks analyst K. Hughes now forecasts that the firm will earn $0.15 per share for the quarter, up from their previous estimate of $0.13. SunTrust Banks also issued estimates for Builders FirstSource’s Q2 2017 earnings at $0.55 EPS, Q4 2017 earnings at $0.40 EPS and FY2017 earnings at $1.61 EPS.
Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by $0.05. Builders FirstSource had a negative net margin of 0.12% and a positive return on equity of 38.21%. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the prior year, the firm earned $0.14 EPS. The firm’s revenue for the quarter was up 263.4% on a year-over-year basis.
Several other research analysts also recently commented on BLDR. Credit Suisse Group AG reissued a “hold” rating on shares of Builders FirstSource in a report on Tuesday, June 28th. Zacks Investment Research downgraded shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a report on Friday, July 8th. Citigroup Inc. increased their price objective on shares of Builders FirstSource from $12.00 to $14.00 and gave the company a “neutral” rating in a report on Monday, August 8th. Finally, Wedbush reissued an “outperform” rating and set a $18.00 price objective on shares of Builders FirstSource in a report on Tuesday, September 6th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $15.00.
Builders FirstSource (NASDAQ:BLDR) opened at 11.35 on Monday. The stock’s market cap is $1.25 billion. Builders FirstSource has a one year low of $6.50 and a one year high of $15.72. The company’s 50-day moving average price is $12.50 and its 200-day moving average price is $11.96.
In related news, insider Morris E. Tolly sold 50,000 shares of the business’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $12.43, for a total transaction of $621,500.00. Following the transaction, the insider now directly owns 216,890 shares in the company, valued at $2,695,942.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Donald F. Mcaleenan sold 70,000 shares of the business’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $12.56, for a total transaction of $879,200.00. Following the transaction, the senior vice president now owns 373,238 shares in the company, valued at $4,687,869.28. The disclosure for this sale can be found here. Insiders own 36.20% of the company’s stock.
A number of institutional investors have recently bought and sold shares of BLDR. Legal & General Group Plc raised its position in Builders FirstSource by 84.3% in the first quarter. Legal & General Group Plc now owns 9,282 shares of the company’s stock worth $101,000 after buying an additional 4,247 shares during the last quarter. ProShare Advisors LLC acquired a new position in Builders FirstSource during the second quarter worth $122,000. BB&T Securities LLC acquired a new position in Builders FirstSource during the second quarter worth $127,000. BlackRock Inc. raised its position in Builders FirstSource by 193.3% in the second quarter. BlackRock Inc. now owns 11,392 shares of the company’s stock worth $128,000 after buying an additional 7,508 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in Builders FirstSource by 35.5% in the second quarter. Teacher Retirement System of Texas now owns 12,319 shares of the company’s stock worth $139,000 after buying an additional 3,226 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.
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 and consumers. The Company’s operating segments include Northeast, Southeast, South and West. It offers solution to its customers providing manufacturing, supply and installation of a range of structural and related building products.
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