The stock of Builders FirstSource, Inc. (NASDAQ:BLDR) is a huge mover today! About 464,999 shares traded hands. Builders FirstSource, Inc. (NASDAQ:BLDR) has risen 30.87% since March 3, 2016 and is uptrending. It has outperformed by 22.52% the S&P500.
The move comes after 7 months positive chart setup for the $1.29 billion company. It was reported on Oct, 6 by Barchart.com. We have $14.82 PT which if reached, will make NASDAQ:BLDR worth $348.30 million more.
Analysts await Builders FirstSource, Inc. (NASDAQ:BLDR) to report earnings on November, 3. They expect $0.37 EPS, up 19.35% or $0.06 from last year’s $0.31 per share. BLDR’s profit will be $40.90 million for 7.89 P/E if the $0.37 EPS becomes a reality. After $0.31 actual EPS reported by Builders FirstSource, Inc. for the previous quarter, Wall Street now forecasts 19.35% EPS growth.
Builders FirstSource, Inc. (NASDAQ:BLDR) Ratings Coverage
Out of 5 analysts covering Builders Firstsource (NASDAQ:BLDR), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Builders Firstsource has been the topic of 10 analyst reports since August 3, 2015 according to StockzIntelligence Inc. On Wednesday, September 7 the stock rating was initiated by Wedbush with “Outperform”. The stock of Builders FirstSource, Inc. (NASDAQ:BLDR) earned “Outperform” rating by FBR Capital on Wednesday, June 1. The stock has “Buy” rating given by Deutsche Bank on Monday, March 7. The stock has “Neutral” rating given by Citigroup on Thursday, September 10. On Monday, August 10 the stock rating was downgraded by Zacks to “Buy”. On Tuesday, September 8 the stock rating was reinitiated by Deutsche Bank with “Buy”. Credit Suisse initiated Builders FirstSource, Inc. (NASDAQ:BLDR) on Thursday, October 8 with “Neutral” rating.
According to Zacks Investment Research, “Builders FirstSource is a leading supplier and manufacturer of structural and related building products for residential new construction in the United States. Manufacturing facilities include plants that manufacture roof and floor trusses, wall panels, stairs, aluminum and vinyl windows, custom millwork and pre-hung doors. Builders FirstSource also distributes windows, interior and exterior doors, dimensional lumber and lumber sheet goods, millwork and other building products.”
Insitutional Activity: The institutional sentiment increased to 1.39 in 2016 Q2. Its up 0.26, from 1.13 in 2016Q1. The ratio is positive, as 26 funds sold all Builders FirstSource, Inc. shares owned while 43 reduced positions. 29 funds bought stakes while 67 increased positions. They now own 89.38 million shares or 3.82% more from 86.09 million shares in 2016Q1.
Redwood Cap Llc holds 0.83% of its portfolio in Builders FirstSource, Inc. (NASDAQ:BLDR) for 450,000 shares. Gam Hldgs Ag holds 120,291 shares or 0.02% of its portfolio. Walleye Trading Limited Liability last reported 0% of its portfolio in the stock. Blue Clay Cap Management Ltd has 49,900 shares for 0.65% of their US portfolio. Lomas Mngmt Ltd Liability has invested 3.13% of its portfolio in Builders FirstSource, Inc. (NASDAQ:BLDR). National Bank & Trust Of America De has invested 0% of its portfolio in Builders FirstSource, Inc. (NASDAQ:BLDR). Moreover, Retail Bank Of Montreal Can has 0.02% invested in Builders FirstSource, Inc. (NASDAQ:BLDR) for 1.84 million shares. Ardsley Advisory Prtnrs holds 0.04% of its portfolio in Builders FirstSource, Inc. (NASDAQ:BLDR) for 22,500 shares. Swiss Comml Bank has 0% invested in the company for 139,800 shares. Westfield L P, a Massachusetts-based fund reported 3.33M shares. Roystone Cap Mgmt L P, a New York-based fund reported 2.04M shares. Teacher Retirement System Of Texas last reported 12,319 shares in the company. Moreover, Engineers Gate Manager Ltd Partnership has 0.1% invested in Builders FirstSource, Inc. (NASDAQ:BLDR) for 127,928 shares. Moreover, Federated Pa has 0% invested in Builders FirstSource, Inc. (NASDAQ:BLDR) for 300 shares. Blackrock Advsr Limited Company has 48,483 shares for 0% of their US portfolio.
Insider Transactions: Since May 10, 2016, the stock had 0 buys, and 10 sales for $423.63 million net activity. Shares for $137.94M were sold by Graff Michael on Tuesday, May 24. 39,467 shares with value of $442,820 were sold by CROW M CHAD on Tuesday, May 10. $305,094 worth of Builders FirstSource, Inc. (NASDAQ:BLDR) was sold by GRIFFIN ROBERT C on Friday, August 12. BARR DAVID had sold 13.26M shares worth $137.94M. 13.26 million shares with value of $137.94 million were sold by Warburg Pincus Private Equity IX – L.P. on Tuesday, May 24. On Friday, August 12 SHERMAN FLOYD F sold $2.92 million worth of the stock or 235,753 shares. 50,000 shares with value of $621,500 were sold by Tolly Morris E on Wednesday, August 17.
More important recent Builders FirstSource, Inc. (NASDAQ:BLDR) news were published by: Fool.com which released: “Why Builders FirstSource, Inc. Shares Popped” on March 04, 2016, also Finance.Yahoo.com published article titled: “Builders FirstSource, Inc. Announces Modified Dutch Auction Tender Offer for …”, Bizjournals.com published: “Dallas-based Builders FirstSource Inc. to purchase Denver supplier in $1.63B deal” on April 13, 2015. More interesting news about Builders FirstSource, Inc. (NASDAQ:BLDR) was released by: Forbes.com and their article: “Builders FirstSource Enters Oversold Territory (BLDR)” with publication date: September 20, 2016.
BLDR Company Profile
Builders FirstSource, Inc., incorporated on March 4, 1998, is a supplier and maker of building materials, manufactured components and construction services to professional contractors, sub-contractors and consumers. The Company’s operating divisions include Northeast, Southeast, South and West. The Firm operates at approximately 400 locations in around 40 states across the United States. It offers an integrated solution to its clients providing manufacturing, supply and installation of a range of structural and related building products. The Company’s manufactured products include factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, as well as engineered wood that it designs, cuts and assembles for each home. The Firm also assembles interior and exterior doors into pre-hung units. Additionally, it supplies clients with offering of professional grade building products, such as dimensional lumber and lumber sheet goods, and various window, door and millwork lines. The Company’s range of construction-related services includes professional installation, framing and shell construction.
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