Builders FirstSource (NYSE:BLDR) Cut to “Hold” at StockNews.com

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

Other equities research analysts have also issued reports about the stock. Bank of America raised their price target on shares of Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Oppenheimer reissued an “outperform” rating and set a $225.00 target price on shares of Builders FirstSource in a research note on Tuesday, October 29th. DA Davidson boosted their target price on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Robert W. Baird boosted their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, UBS Group initiated coverage on shares of Builders FirstSource in a research note on Friday, October 25th. They set a “buy” rating and a $232.00 target price for the company. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.75.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $161.37 on Monday. The stock has a market capitalization of $18.57 billion, a PE ratio of 15.76, a P/E/G ratio of 0.96 and a beta of 2.11. The firm has a 50 day moving average of $164.64 and a two-hundred day moving average of $169.15. Builders FirstSource has a 52 week low of $130.75 and a 52 week high of $214.70. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the firm earned $4.24 earnings per share. The company’s revenue was down 6.7% compared to the same quarter last year. On average, research analysts predict that Builders FirstSource will post 11.55 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total value of $1,784,100.00. Following the transaction, the director now directly owns 33,083 shares of the company’s stock, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in Builders FirstSource by 8.0% during the third quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company’s stock valued at $153,766,000 after purchasing an additional 58,436 shares in the last quarter. Forsta AP Fonden grew its stake in shares of Builders FirstSource by 12.1% during the 3rd quarter. Forsta AP Fonden now owns 26,800 shares of the company’s stock worth $5,195,000 after acquiring an additional 2,900 shares in the last quarter. Oak Thistle LLC bought a new position in shares of Builders FirstSource in the fourth quarter valued at $1,136,000. Principal Financial Group Inc. grew its stake in shares of Builders FirstSource by 38.5% in the third quarter. Principal Financial Group Inc. now owns 201,306 shares of the company’s stock valued at $39,025,000 after buying an additional 56,009 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Builders FirstSource by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 785,842 shares of the company’s stock worth $152,343,000 after buying an additional 16,000 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Company Profile

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.