News stories about Builders FirstSource (NASDAQ:BLDR) have trended somewhat positive recently, according to Alpha One. The research group, a unit of Accern, identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Builders FirstSource earned a news sentiment score of 0.12 on Alpha One’s scale. Alpha One also gave news articles about the company an impact score of 57 out of 100, meaning that recent media coverage is somewhat likely to have an impact on the company’s share price in the next several days.
Shares of Builders FirstSource (NASDAQ:BLDR) traded down 1.22% during trading on Wednesday, hitting $13.77. 243,899 shares of the company traded hands. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 9.62 and a beta of 2.30. The company has a 50 day moving average price of $15.16 and a 200 day moving average price of $13.01. Builders FirstSource has a 52 week low of $9.04 and a 52 week high of $16.50.
Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings data on Monday, May 8th. The company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.06. Builders FirstSource had a return on equity of 49.20% and a net margin of 2.03%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the company earned ($0.13) EPS. The company’s revenue was up 9.7% on a year-over-year basis. On average, analysts expect that Builders FirstSource will post $1.09 earnings per share for the current year.
A number of equities analysts have issued reports on BLDR shares. Zacks Investment Research upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Monday, March 27th. FBR & Co reiterated an “outperform” rating and set a $20.00 price target (up previously from $15.00) on shares of Builders FirstSource in a research report on Friday, March 10th. Citigroup Inc boosted their price target on shares of Builders FirstSource from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, May 11th. Finally, Wedbush reiterated an “outperform” rating and set a $19.00 price target (up previously from $18.00) on shares of Builders FirstSource in a research report on Thursday, March 2nd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $17.00.
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In other Builders FirstSource news, Director Paul S. Levy sold 10,000,000 shares of the firm’s stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $14.51, for a total value of $145,100,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Morris E. Tolly sold 50,000 shares of the firm’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $14.84, for a total value of $742,000.00. Following the completion of the sale, the senior vice president now directly owns 226,473 shares in the company, valued at approximately $3,360,859.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,293,684 shares of company stock worth $149,505,344. Company insiders own 36.20% of the company’s stock.
Builders FirstSource Company Profile
Builders FirstSource, Inc is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors, remodelers and consumers. The Company’s operating segments include Northeast, Southeast, South and West. As of December 31, 2016, it operated at 400 locations in 40 states across the United States.
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