Builders FirstSource (NASDAQ:BLDR) Stock Price Up 9.7%

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

Several equities analysts have issued reports on the stock. Wedbush restated an “outperform” rating and set a $29.00 target price (up previously from $27.00) on shares of Builders FirstSource in a research note on Thursday, December 26th. Royal Bank of Canada upgraded shares of Builders FirstSource from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $26.00 to $31.00 in a research note on Monday, February 24th. BTIG Research restated a “buy” rating and set a $31.00 target price on shares of Builders FirstSource in a research note on Tuesday, February 25th. TheStreet cut shares of Builders FirstSource from a “b” rating to a “c+” rating in a research note on Tuesday, March 17th. Finally, Evercore ISI upgraded shares of Builders FirstSource from an “in-line” rating to an “outperform” rating and upped their target price for the company from $25.00 to $29.00 in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $26.33.

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

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.05. Builders FirstSource had a net margin of 3.05% and a return on equity of 33.35%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the prior year, the business earned $0.46 EPS. The business’s quarterly revenue was down 2.9% on a year-over-year basis. On average, sell-side analysts anticipate that Builders FirstSource, Inc. will post 2.26 earnings per share for the current year.

Large investors have recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Builders FirstSource by 1,056.5% in the 4th 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 period. Anderson Fisher LLC bought a new position in shares of Builders FirstSource in the 4th quarter worth approximately $26,000. Tower Research Capital LLC TRC bought a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $30,000. Point72 Hong Kong Ltd bought a new position in shares of Builders FirstSource in the 4th quarter worth approximately $49,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Builders FirstSource by 112.4% in the 4th 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 period. Hedge funds and other institutional investors 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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