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

Builders FirstSource (NYSE:BLDR) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.

A number of other research firms have also commented on BLDR. Bank of America increased their price target on Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Loop Capital lifted their price objective on Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Oppenheimer restated an “outperform” rating and issued a $225.00 target price on shares of Builders FirstSource in a research note on Tuesday, October 29th. Royal Bank of Canada lifted their price target on Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, DA Davidson lifted their price target on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $210.00.

Builders FirstSource Trading Down 0.3 %

BLDR opened at $160.03 on Monday. Builders FirstSource has a twelve month low of $130.75 and a twelve month high of $214.70. The company has a 50-day simple moving average of $181.06 and a 200 day simple moving average of $169.14. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $18.42 billion, a price-to-earnings ratio of 15.64, a P/E/G ratio of 0.96 and a beta of 2.06.

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

Insider Buying and Selling at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the sale, the director now owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Builders FirstSource

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mountaineer Partners Management LLC purchased a new position in Builders FirstSource during the 3rd quarter valued at approximately $2,099,877,000. FMR LLC grew its holdings in Builders FirstSource by 45.7% during the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after buying an additional 3,186,876 shares in the last quarter. Baillie Gifford & Co. purchased a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $267,132,000. Diamond Hill Capital Management Inc. purchased a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $255,867,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Builders FirstSource by 339.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock worth $163,373,000 after purchasing an additional 911,990 shares during the period. Institutional investors own 95.53% of the company’s stock.

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.