1 week Ago By ABMN Staff
Shares of Builders FirstSource, Inc. ( NYSE:BLDR – Get Free Report ) rose 3.2% during mid-day trading on Friday .
The company traded as high as $174.35 and last traded at $172.87.
Approximately 193,989 shares traded hands during trading, a decline of 88% from the average daily volume of 1,612,076 shares. The stock had previously closed at $167.55.
Wall Street Analysts Forecast Growth A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $185.00 price target (down previously from $205.
00) on shares of Builders FirstSource in a research note on Friday, August 9th. StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, July 22nd.
Stifel Nicolaus reduced their price target on shares of Builders FirstSource from $217.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th.
Benchmark cut their price target on shares of Builders FirstSource from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th.
Finally, Royal Bank of Canada cut their price target on Builders FirstSource from $193.00 to $178.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th.
Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $181.
57. Check Out Our Latest Stock Report on BLDR Builders FirstSource Stock Up 0.6 % Builders FirstSource ( NYSE:BLDR – Get Free Report ) last released its quarterly earnings results on Tuesday, August 6th.
The company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.02 by $0.
48. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.
25%. The business had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.
48 billion. During the same quarter in the prior year, the business earned $3.89 earnings per share.
The company’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities analysts expect that Builders FirstSource, Inc.
will post 11.91 EPS for the current year. Builders FirstSource declared that its board has initiated a stock buyback program on Tuesday, August 6th that allows the company to repurchase $1.
00 billion in shares. This repurchase authorization allows the company to buy up to 5.3% of its stock through open market purchases.
Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued. Insiders Place Their Bets In related news, Director Craig Arthur Steinke sold 30,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $153.
68, for a total value of $4,610,400.00. Following the sale, the director now directly owns 95,333 shares in the company, valued at approximately $14,650,775.
44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . 1.
80% of the stock is currently owned by company insiders. Institutional Trading of Builders FirstSource Several institutional investors and hedge funds have recently made changes to their positions in BLDR. Sanctuary Advisors LLC purchased a new position in shares of Builders FirstSource during the 2nd quarter worth about $4,859,000.
Clearbridge Investments LLC bought a new stake in shares of Builders FirstSource in the second quarter worth $49,000,000. New Century Financial Group LLC bought a new position in shares of Builders FirstSource during the second quarter worth about $241,000. 3Chopt Investment Partners LLC bought a new stake in shares of Builders FirstSource in the 2nd quarter valued at approximately $441,000.
Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Builders FirstSource in the 2nd quarter worth about $383,000.
95.53% of the stock is currently owned by hedge funds and other institutional investors. About Builders FirstSource ( Get Free Report ) Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States.
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, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name. Featured Articles 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 .
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