Builders FirstSource, Inc. (NASDAQ:BLDR) – Stock analysts at Wedbush reduced their Q3 2019 EPS estimates for shares of Builders FirstSource in a research report issued on Monday, August 5th, Zacks Investment Research reports. Wedbush analyst J. Mccanless now expects that the company will post earnings per share of $0.62 for the quarter, down from their previous estimate of $0.63. Wedbush has a “Buy” rating and a $18.00 price objective on the stock. Wedbush also issued estimates for Builders FirstSource’s Q4 2019 earnings at $0.28 EPS, FY2019 earnings at $1.87 EPS, Q3 2020 earnings at $0.69 EPS and FY2020 earnings at $1.99 EPS.
A number of other research firms have also weighed in on BLDR. BidaskClub raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Buckingham Research upped their price target on shares of Builders FirstSource from $17.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Zacks Investment Research raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Thursday, May 9th. Finally, ValuEngine lowered shares of Builders FirstSource from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Builders FirstSource currently has a consensus rating of “Hold” and a consensus price target of $16.00.
Shares of NASDAQ BLDR opened at $18.72 on Thursday. The firm’s 50-day moving average is $17.54 and its two-hundred day moving average is $15.14. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.69 and a quick ratio of 0.96. The company has a market capitalization of $2.22 billion, a PE ratio of 9.85 and a beta of 2.03. Builders FirstSource has a 12-month low of $10.15 and a 12-month high of $20.30.
Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.15. Builders FirstSource had a net margin of 3.05% and a return on equity of 39.63%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The firm’s revenue was down 8.9% on a year-over-year basis.
Several hedge funds have recently made changes to their positions in BLDR. Meeder Asset Management Inc. boosted its stake in shares of Builders FirstSource by 59.0% in the first quarter. Meeder Asset Management Inc. now owns 3,269 shares of the company’s stock valued at $44,000 after purchasing an additional 1,213 shares during the period. First Quadrant L P CA purchased a new position in shares of Builders FirstSource in the first quarter valued at $80,000. Public Employees Retirement System of Ohio boosted its stake in shares of Builders FirstSource by 15.7% in the second quarter. Public Employees Retirement System of Ohio now owns 4,758 shares of the company’s stock valued at $80,000 after purchasing an additional 645 shares during the period. SG Americas Securities LLC purchased a new position in shares of Builders FirstSource in the first quarter valued at $120,000. Finally, Eqis Capital Management Inc. bought a new position in Builders FirstSource during the 1st quarter valued at $142,000. Institutional investors and hedge funds own 90.22% of the company’s stock.
In other news, SVP Donald F. Mcaleenan sold 125,408 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $18.88, for a total value of $2,367,703.04. Following the completion of the transaction, the senior vice president now directly owns 152,773 shares in the company, valued at $2,884,354.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO David E. Rush sold 2,351 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $19.48, for a total transaction of $45,797.48. Following the completion of the transaction, the chief operating officer now owns 42,886 shares of the company’s stock, valued at $835,419.28. The disclosure for this sale can be found here. Insiders sold 230,877 shares of company stock valued at $4,426,335 in the last three months. Company insiders own 2.20% 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. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand name.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.