Builders Firstsource Inc (NASDAQ:BLDR): Positive Stock Sentiment

June 14, 2018 - By Alfred Lee

Builders FirstSource, Inc. (NASDAQ:BLDR) Logo

Sentiment for Builders Firstsource Inc (NASDAQ:BLDR)

Builders Firstsource Inc (NASDAQ:BLDR) institutional sentiment increased to 1.03 in 2018 Q1. Its up 0.03, from 1 in 2017Q4. The ratio is positive, as 110 hedge funds increased and started new stock positions, while 107 reduced and sold their holdings in Builders Firstsource Inc. The hedge funds in our partner’s database now have: 95.73 million shares, down from 101.67 million shares in 2017Q4. Also, the number of hedge funds holding Builders Firstsource Inc in their top 10 stock positions decreased from 12 to 7 for a decrease of 5. Sold All: 23 Reduced: 84 Increased: 66 New Position: 44.

Builders FirstSource, Inc. manufactures and supplies building materials, manufactured components, and construction services to professional contractors, sub-contractors, and clients in the United States. The company has market cap of $2.18 billion. The Company’s 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. It has a 37.35 P/E ratio. The companyÂ’s manufactured products consist of wood floor and roof trusses, steel roof trusses, wall panels, stairs, and engineered wood; gypsum, roofing and insulation products, including wallboards, ceilings, joint treatment, and finishes, as well as vinyl, composite, and wood sidings; and exterior trims, other exteriors, metal studs, and cement.

The stock decreased 2.76% or $0.54 during the last trading session, reaching $19.05. About 1.55 million shares traded or 52.94% up from the average. Builders FirstSource, Inc. (NASDAQ:BLDR) has risen 41.13% since June 14, 2017 and is uptrending. It has outperformed by 28.56% the S&P500.

Analysts await Builders FirstSource, Inc. (NASDAQ:BLDR) to report earnings on August, 2. They expect $0.56 EPS, up 51.35 % or $0.19 from last year’s $0.37 per share. BLDR’s profit will be $64.20M for 8.50 P/E if the $0.56 EPS becomes a reality. After $0.24 actual EPS reported by Builders FirstSource, Inc. for the previous quarter, Wall Street now forecasts 133.33 % EPS growth.

Stadium Capital Management Llc holds 27.38% of its portfolio in Builders FirstSource, Inc. for 3.08 million shares. Robotti Robert owns 2.08 million shares or 11.43% of their US portfolio. Moreover, Beaconlight Capital Llc has 11.29% invested in the company for 1.52 million shares. The California-based Spitfire Capital Llc has invested 6.93% in the stock. Lonestar Capital Management Llc, a California-based fund reported 950,000 shares.

Since January 1, 0001, it had 0 insider buys, and 6 selling transactions for $9.47 million activity.

Builders FirstSource, Inc. (NASDAQ:BLDR) Ratings Coverage

Ratings analysis reveals 100% of Builders Firstsource’s analysts are positive. Out of 5 Wall Street analysts rating Builders Firstsource, 5 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $25.0 while the high is $28.0. The stock’s average target of $26.40 is 38.58% above today’s ($19.05) share price. BLDR was included in 7 notes of analysts from January 2, 2018. The firm has “Buy” rating by Stephens given on Tuesday, January 16. FBR Capital maintained the stock with “Buy” rating in Thursday, June 7 report. The stock has “Buy” rating by SunTrust on Friday, March 2. Stifel Nicolaus maintained it with “Buy” rating and $26.5 target in Sunday, January 21 report. On Thursday, March 1 the stock rating was maintained by Stifel Nicolaus with “Buy”. FBR Capital maintained the stock with “Buy” rating in Thursday, March 1 report. The firm has “Buy” rating given on Tuesday, January 2 by Seaport Global.

Builders FirstSource, Inc. (NASDAQ:BLDR) Institutional Positions Chart

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