Builders FirstSource Inc. (NASDAQ:BLDR) – Analysts at Seaport Global Securities issued their FY2016 earnings per share estimates for shares of Builders FirstSource in a research report issued on Tuesday. Seaport Global Securities analyst M. Mccall expects that the firm will earn $0.91 per share for the year. Seaport Global Securities has a “Buy” rating and a $16.00 price objective on the stock. Seaport Global Securities also issued estimates for Builders FirstSource’s Q4 2016 earnings at $0.09 EPS, Q1 2017 earnings at $0.09 EPS, Q2 2017 earnings at $0.39 EPS, Q3 2017 earnings at $0.43 EPS, Q4 2017 earnings at $0.19 EPS, FY2017 earnings at $1.10 EPS, Q1 2018 earnings at $0.09 EPS, Q2 2018 earnings at $0.39 EPS, Q3 2018 earnings at $0.43 EPS and FY2018 earnings at $1.50 EPS.
Builders FirstSource (NASDAQ:BLDR) last issued its earnings results on Thursday, November 3rd. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.38 by $0.23. The company earned $1.75 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Builders FirstSource had a net margin of 2.03% and a return on equity of 49.20%. The business’s revenue for the quarter was up 36.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 EPS.
Several other brokerages also recently commented on BLDR. Zacks Investment Research upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Monday, October 17th. Wedbush restated an “outperform” rating and set a $18.00 price target on shares of Builders FirstSource in a research report on Monday, November 7th. Finally, Citigroup Inc. increased their price target on shares of Builders FirstSource from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, August 8th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.50.
Builders FirstSource (NASDAQ:BLDR) opened at 11.61 on Thursday. Builders FirstSource has a 12 month low of $6.50 and a 12 month high of $14.14. The stock has a 50 day moving average of $10.44 and a 200 day moving average of $11.71. The firm has a market capitalization of $1.29 billion, a PE ratio of 10.20 and a beta of 2.39.
Institutional investors have recently modified their holdings of the company. Verition Fund Management LLC acquired a new position in shares of Builders FirstSource during the third quarter worth $120,000. ProShare Advisors LLC purchased a new position in Builders FirstSource during the second quarter worth approximately $122,000. BB&T Securities LLC purchased a new position in Builders FirstSource during the second quarter worth approximately $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 period. Finally, Palo Capital Inc. purchased a new position in Builders FirstSource during the third quarter worth approximately $137,000. Hedge funds and other institutional investors own 82.83% of the company’s stock.
In other Builders FirstSource news, CEO Floyd F. Sherman sold 12,403 shares of the stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $11.26, for a total transaction of $139,657.78. Following the completion of the transaction, the chief executive officer now owns 641,807 shares in the company, valued at $7,226,746.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 36.20% of the company’s stock.
Builders FirstSource Company Profile