Builders FirstSource (BLDR) was Initiated by FBR Capital to “Outperform” and the brokerage firm has set the Price Target at $16. FBR Capital advised their investors in a research report released on Jun 1, 2016.
Many Wall Street Analysts have commented on Builders FirstSource. Sun Trust Rbsn Humphrey Initiated Builders FirstSource on Apr 20, 2016 to “Buy”, Price Target of the shares are set at $16.Shares were Reiterated by Deutsche Bank on Mar 7, 2016 to “Buy” and Lowered the Price Target to $ 13 from a previous price target of $19 .
On the company’s financial health, Builders FirstSource reported $-0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.13. The company had revenue of $1397.10 million for the quarter, compared to analysts expectations of $1360.35 million. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.52 EPS.
Builders FirstSource opened for trading at $11.66 and hit $11.9 on the upside on Friday, eventually ending the session at $11.78, with a gain of 1.20% or 0.14 points. The heightened volatility saw the trading volume jump to 22,01,152 shares. Company has a market cap of $1,297 M.
In a different news, on May 25, 2016, Michael Graff (director) sold 1.3263266E7 shares at $10.40 per share price. According to the SEC, on May 25, 2016, David Barr (director) sold 1.3263266E7 shares at $10.40 per share price. On May 12, 2016, M Chad Crow (President, COO, and CFO) sold 39,467 shares at $11.22 per share price, according to the Form-4 filing with the securities and exchange commission.
Builders FirstSource Inc. is a supplier and manufacturer of structural and related building products for residential new construction. The Company groups its building products and services into five product categories: Prefabricated Components Windows & Doors Lumber & Lumber Sheet Goods Millwork and Other Building Products & Services. The Companys Prefabricated Components are factory-built substitutes for job-site framing. The Windows & Doors category includes the manufacturing assembly and distribution of windows and the assembly and distribution of interior and exterior door units. The Lumber & Lumber Sheet Goods category includes dimensional lumber plywood and oriented strand board (OSB) products. The Millwork category offers interior and exterior trim columns and posts as well as custom exterior features under the Synboard brand. The Other Building Products & Services category consists of various products including hardware composite materials roofing and insulation.