StockNews.com Downgrades Builders FirstSource (NYSE:BLDR) to Hold

StockNews.com lowered shares of Builders FirstSource (NYSE:BLDR) from a buy rating to a hold rating in a report issued on Monday morning.

Several other equities research analysts also recently commented on BLDR. Bank of America lowered their price objective on shares of Builders FirstSource from $195.00 to $183.00 and set a buy rating for the company in a research note on Thursday, June 6th. Robert W. Baird decreased their target price on shares of Builders FirstSource from $207.00 to $197.00 and set a neutral rating for the company in a research report on Wednesday, May 8th. Jefferies Financial Group boosted their target price on shares of Builders FirstSource from $226.00 to $237.00 and gave the company a buy rating in a research report on Thursday, April 18th. Zelman & Associates restated a hold rating on shares of Builders FirstSource in a research report on Monday, June 17th. Finally, Wedbush decreased their target price on shares of Builders FirstSource from $215.00 to $175.00 and set an outperform rating for the company in a research report on Tuesday, June 25th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $191.67.

Builders FirstSource Price Performance

NYSE BLDR opened at $154.12 on Monday. The firm’s fifty day simple moving average is $151.23 and its two-hundred day simple moving average is $173.97. The company has a current ratio of 2.21, a quick ratio of 1.45 and a debt-to-equity ratio of 0.75. Builders FirstSource has a 12-month low of $105.24 and a 12-month high of $214.70. The firm has a market capitalization of $18.81 billion, a P/E ratio of 13.20, a P/E/G ratio of 2.59 and a beta of 2.04.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.23. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same period in the previous year, the company earned $2.96 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. Analysts forecast that Builders FirstSource will post 12.93 EPS for the current fiscal year.

Insider Transactions at Builders FirstSource

In related news, insider Michael Hiller sold 4,875 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $159.25, for a total transaction of $776,343.75. Following the completion of the sale, the insider now owns 30,106 shares of the company’s stock, valued at approximately $4,794,380.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Builders FirstSource news, insider Paul M. Mccrobie sold 9,118 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $170.11, for a total value of $1,551,062.98. Following the transaction, the insider now directly owns 22,667 shares in the company, valued at approximately $3,855,883.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Hiller sold 4,875 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $159.25, for a total transaction of $776,343.75. Following the completion of the transaction, the insider now owns 30,106 shares in the company, valued at $4,794,380.50. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Builders FirstSource

Institutional investors and hedge funds have recently bought and sold shares of the company. EdgeRock Capital LLC purchased a new position in shares of Builders FirstSource during the 4th quarter worth approximately $25,000. Westside Investment Management Inc. purchased a new position in Builders FirstSource in the 1st quarter valued at approximately $31,000. ORG Partners LLC purchased a new position in Builders FirstSource in the 1st quarter valued at approximately $33,000. American Capital Advisory LLC purchased a new position in Builders FirstSource in the 1st quarter valued at approximately $34,000. Finally, Rakuten Securities Inc. purchased a new position in Builders FirstSource in the 4th quarter valued at approximately $29,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

About Builders FirstSource

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.