MKM Partners Have $20 Target On Builders FirstSource (NASDAQ:BLDR).

June 29, 2018 - By Daniel Cummings

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

During Q1 2018 the big money sentiment increased to 1.03. That’s change of 0.03, from 2017Q4’s 1. 23 investors sold all, 84 reduced holdings as Builders FirstSource, Inc. ratio is positive. 66 increased holdings while 44 funds took holdings. Funds hold 95.73 million shares thus 5.84% less from 2017Q4’s 101.67 million shares.

Glenmede Trust Na owns 0.25% invested in Builders FirstSource, Inc. (NASDAQ:BLDR) for 2.72 million shs. Engineers Gate Manager L P owns 99,217 shs for 0.13% of their capital. Essex Invest Mgmt Ltd reported 150,486 shs or 0.39% of all its holdings. Legal General Gp Public Ltd Limited Liability Company holds 0% or 43,116 shs in its capital. Rhumbline Advisers has invested 0% in Builders FirstSource, Inc. (NASDAQ:BLDR). Wells Fargo & Mn reported 438,327 shs. Stone Ridge Asset Mngmt Lc owns 55,261 shs. Lpl Lc reported 127,302 shs stake. Robertson Opportunity Cap Limited Liability Co owns 140,000 shs. Balyasny Asset Mngmt Llc holds 12,939 shs. Parallax Volatility Advisers Ltd Partnership owns 65,000 shs for 0% of their capital. First Quadrant Ltd Partnership Ca owns 2,292 shs. Aperio Ltd Llc owns 15,934 shs. Stadium Capital Ltd Liability reported 3.08 million shs. California Public Employees Retirement System owns 365,601 shs for 0.01% of their capital.

Builders FirstSource, Inc. had 7 sales and 0 buys since March 1, 2018. This’s net activity of $10.48 million. MCALEENAN DONALD F sold $4.20 million worth of Builders FirstSource, Inc. (NASDAQ:BLDR) on Monday, March 12. 100,000 shs were sold by SHERMAN FLOYD F, worth $2.12 million on Tuesday, March 6. The insider MILGRIM BRETT N sold 34,930 shs worth $683,580. CROW M CHAD sold $1.14 million worth of Builders FirstSource, Inc. (NASDAQ:BLDR) on Wednesday, March 7. Jackson Peter M. had sold 11,972 shs worth $256,680.

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

After MKM Partners’s $20 target was sent to clients and investors on Thursday, 28 June, the firm has initiated coverage of the Builders FirstSource (NASDAQ:BLDR)‘s stock. The broker set a Neutral rating of BLDR.

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 Tuesday, January 2 the rating was maintained by Seaport Global with “Buy”. On Thursday, June 7 the rating was maintained by FBR Capital with “Buy”. The company rating was maintained by FBR Capital on Thursday, March 1. On Thursday, March 1 Stifel Nicolaus maintained Builders FirstSource, Inc. (NASDAQ:BLDR) with “Buy” rating. The stock rating was maintained by Stifel Nicolaus with “Buy” on Sunday, January 21. On Tuesday, January 16 the rating was maintained by Stephens with “Buy”. On Friday, March 2 the stock of Builders FirstSource, Inc. (NASDAQ:BLDR) earned “Buy” rating by SunTrust.

Ticker’s shares touched $18.45 during the last trading session after 1.88% change.Builders FirstSource, Inc. has volume of 419,091 shares. Since June 29, 2017 BLDR has risen 41.13% and is uptrending. The stock outperformed the S&P500 by 28.56%.

On August, 2 is awaited Builders FirstSource, Inc. (NASDAQ:BLDR)’s earnings report, according to Zacks. Analysts predict 51.35 % diference or $0.56 from the $0.37 EPS from 2017. BLDR’s profit could hit $64.20 million if the current EPS of $0.56 is accurate. Wall Street predicts 133.33 % EPS growth as of August, 2.

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 company has $2.12 billion market cap. The firm operates through four divisions: Northeast, Southeast, South, and West.The P/E ratio is 36.18. 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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