Builders FirstSource (BLDR) was Initiated by Seaport Global Securities to “Buy” and the brokerage firm has set the Price Target at $16. Seaport Global Securities advised their investors in a research report released on Nov 22, 2016.
On the company’s financial health, Builders FirstSource reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $0.38. The company had revenue of $1745.90 million for the quarter, compared to analysts expectations of $1773.56 million. The company’s revenue was up 36.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.
Builders FirstSource opened for trading at $11.16 and hit $11.41 on the upside on Monday, eventually ending the session at $11.19, with a gain of 0.81% or 0.09 points. The heightened volatility saw the trading volume jump to 11,40,290 shares. Company has a market cap of $1,248 M.
In a different news, on Nov 18, 2016, Floyd F Sherman (Chief Executive Officer) sold 12,403 shares at $11.26 per share price. According to the SEC, on Aug 23, 2016, Donald F Mcaleenan (SVP & General Counsel) sold 70,000 shares at $12.56 per share price. On Aug 19, 2016, Morris E Tolly (Sr Vice President-Operations) sold 50,000 shares at $12.43 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.