Builders FirstSource (NASDAQ:BLDR) Trading Up 9.7%

Builders FirstSource, Inc. (NASDAQ:BLDR) was up 9.7% during trading on Wednesday . The stock traded as high as $13.80 and last traded at $15.05, approximately 674,441 shares changed hands during trading. A decline of 71% from the average daily volume of 2,336,538 shares. The stock had previously closed at $13.72.

Several research analysts have commented on BLDR shares. Deutsche Bank dropped their price objective on shares of Builders FirstSource from $29.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday. Royal Bank of Canada raised shares of Builders FirstSource from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $26.00 to $31.00 in a research note on Monday, February 24th. Zacks Investment Research raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Friday, February 7th. SunTrust Banks raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $24.00 to $30.00 in a research note on Monday, March 2nd. Finally, Benchmark raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Monday, February 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $26.33.

The firm has a market capitalization of $1.73 billion, a P/E ratio of 7.46 and a beta of 1.85. The firm has a 50-day moving average price of $21.46 and a two-hundred day moving average price of $23.25. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.59 and a quick ratio of 0.91.

Builders FirstSource (NASDAQ:BLDR) last released its earnings results on Thursday, February 20th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. Builders FirstSource had a return on equity of 33.35% and a net margin of 3.05%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the company earned $0.46 earnings per share. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. Sell-side analysts predict that Builders FirstSource, Inc. will post 2.26 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Builders FirstSource by 1,056.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 983 shares of the company’s stock worth $25,000 after purchasing an additional 898 shares during the last quarter. Anderson Fisher LLC bought a new stake in shares of Builders FirstSource during the fourth quarter worth $26,000. Tower Research Capital LLC TRC bought a new stake in shares of Builders FirstSource during the third quarter worth $30,000. Point72 Hong Kong Ltd bought a new stake in shares of Builders FirstSource during the fourth quarter worth $49,000. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Builders FirstSource by 112.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company’s stock worth $60,000 after purchasing an additional 1,270 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

About Builders FirstSource (NASDAQ:BLDR)

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.

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