MKM Partners Got Builders FirstSource (NASDAQ:BLDR) Covered with $20 Target.

June 29, 2018 - By Leslie Harms

Builders FirstSource, Inc. (NASDAQ:BLDR) Corporate Logo

Big Money Sentiment increased to 1.03 in 2018 Q1. It has change of 0.03, from 2017Q4’s 1. The ratio increased due to Builders FirstSource, Inc. positioning: 23 sold and 84 reduced. 44 funds took holdings and 66 increased holdings. Investors holded 101.67 million in 2017Q4 but now own 95.73 million shares or 5.84% less.

Moreover, Boston Prtnrs has 0.01% invested in Builders FirstSource, Inc. (NASDAQ:BLDR) for 241,868 shs. Point72 Asia (Hong Kong) Ltd owns 79 shs. Balyasny Asset Mngmt Ltd Liability Co holds 12,939 shs or 0% of its capital. State Board Of Administration Of Florida Retirement System reported 131,493 shs. Schneider Mngmt owns 237,661 shs. Parametric Limited Liability Corporation stated it has 211,819 shs or 0% of all its holdings. Tci Wealth Inc invested 0% of its capital in Builders FirstSource, Inc. (NASDAQ:BLDR). Rafferty Asset Mgmt Ltd Liability Company owns 18,411 shs. Meeder Asset Mngmt reported 4,648 shs or 0.01% of all its holdings. D E Shaw holds 175,952 shs. Regions Fincl holds 0.01% of its capital in Builders FirstSource, Inc. (NASDAQ:BLDR) for 25,191 shs. Stelliam Investment Management Lp has invested 0.96% in Builders FirstSource, Inc. (NASDAQ:BLDR). Ajo Lp reported 35,910 shs. Zacks Mgmt invested in 0.01% or 12,718 shs. 970,333 are held by Park West Asset Mngmt Limited Liability Corporation.

Builders FirstSource, Inc. registered $10.48 million net activity with 0 insider buys and 7 sales since March 1, 2018. On Wednesday, March 7 a trade for 53,635 shs valued at $1.14 million was made by CROW M CHAD. $256,680 worth of stock was sold by Jackson Peter M. on Thursday, March 8. On Thursday, May 31 a trade for 34,930 shs valued at $683,580 was made by MILGRIM BRETT N. On Monday, March 12 the insider MCALEENAN DONALD F sold $4.20M. Tolly Morris E sold $1.06 million worth of stock.

What Price Target Has MKM Partners Given Builders FirstSource (NASDAQ:BLDR)

Today analysts note was made public, in which MKM Partners analyst started coverage of Builders FirstSource (NASDAQ:BLDR) with “Neutral” rating. The Research professionals give $20 TP which would suggest upside potential of 8.40 % on BLDR’s shares.

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

A total of 7 analysts rate Builders Firstsource (NASDAQ:BLDR) as follows: 5 “Buy”, 2 “Hold” and 0 “Sell”. Тherefore 71% are bullish. (NASDAQ:BLDR) has 9 ratings reports on Jun 29, 2018 according to StockzIntelligence. On Sunday, January 21 the stock of Builders FirstSource, Inc. (NASDAQ:BLDR) has “Buy” rating given by Stifel Nicolaus. On Friday, March 2 the stock of Builders FirstSource, Inc. (NASDAQ:BLDR) earned “Buy” rating by SunTrust. The company rating was maintained by FBR Capital on Thursday, June 7. On Tuesday, January 16 Stephens maintained Builders FirstSource, Inc. (NASDAQ:BLDR) with “Buy” rating. On Thursday, March 1 the stock has “Buy” rating by Stifel Nicolaus. On Tuesday, January 2 Seaport Global maintained the shares of BLDR in report with “Buy” rating. On Thursday, March 1 the firm has “Buy” rating given by FBR Capital.

BLDR hit $18.45 during the last trading session after $0.34 change.Builders FirstSource, Inc. has volume of 419,091 shares. Since June 29, 2017 BLDR has risen 41.13% and is uptrending. BLDR outperformed the S&P 500 by 28.56%.

Builders FirstSource, Inc. (NASDAQ:BLDR)’s earnings report is anticipated on August, 2., Zacks reports. Analysts forecast 51.35 % diference or $0.56 from the $0.37 EPS from 2017. The profit will be $64.20 million for BLDR if $0.56 EPS becomes true. Last quarter $0.24 EPS was reported. Analysts forecasts 133.33 % EPS growth this quarter.

Builders FirstSource, Inc. manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and clients in the United States.The firm is worth $2.12 billion. The firm operates through four divisions: Northeast, Southeast, South, and West.36.18 is the P/E ratio. 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.

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

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