Builders FirstSource, Inc. (NASDAQ:BLDR) Director Floyd F. Sherman sold 196,512 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $13.78, for a total value of $2,707,935.36. Following the completion of the sale, the director now owns 478,346 shares in the company, valued at approximately $6,591,607.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of BLDR stock traded up $0.75 on Monday, hitting $14.28. The company had a trading volume of 2,294,535 shares, compared to its average volume of 1,241,525. Builders FirstSource, Inc. has a twelve month low of $11.60 and a twelve month high of $23.28. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.44 and a beta of 1.99. The company has a current ratio of 2.09, a quick ratio of 1.21 and a debt-to-equity ratio of 3.39.
Builders FirstSource (NASDAQ:BLDR) last released its earnings results on Thursday, November 1st. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.59 by $0.08. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Builders FirstSource had a return on equity of 48.32% and a net margin of 1.44%. The firm’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 earnings per share. Sell-side analysts forecast that Builders FirstSource, Inc. will post 1.88 earnings per share for the current year.
BLDR has been the topic of several recent analyst reports. Evercore ISI lowered Builders FirstSource from an “in-line” rating to an “underperform” rating and set a $14.00 price target on the stock. in a research report on Monday, November 5th. DA Davidson initiated coverage on Builders FirstSource in a report on Thursday, September 13th. They set a “buy” rating and a $20.00 target price on the stock. Zacks Investment Research lowered Builders FirstSource from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Stifel Nicolaus reissued a “buy” rating and set a $25.00 target price (down from $28.00) on shares of Builders FirstSource in a report on Thursday, August 9th. Finally, Stephens set a $21.00 price objective on Builders FirstSource and gave the company a “buy” rating in a report on Monday, August 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $19.18.
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About Builders FirstSource
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. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.
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