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

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

A number of other equities analysts also recently weighed in on BLDR. Benchmark increased their price target on shares of Builders FirstSource from $153.00 to $220.00 and gave the stock a buy rating in a research note on Thursday, August 3rd. Truist Financial cut their price target on shares of Builders FirstSource from $175.00 to $145.00 and set a buy rating on the stock in a research note on Friday. BMO Capital Markets increased their price target on shares of Builders FirstSource from $125.00 to $135.00 and gave the stock a market perform rating in a research note on Friday, August 4th. Wedbush reaffirmed an outperform rating and set a $175.00 price target on shares of Builders FirstSource in a research note on Thursday, August 3rd. Finally, Loop Capital assumed coverage on shares of Builders FirstSource in a research note on Thursday, August 31st. They set a buy rating and a $180.00 price target on the stock. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Builders FirstSource currently has an average rating of Moderate Buy and a consensus price target of $140.77.

Builders FirstSource Stock Performance

Shares of BLDR opened at $125.70 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.15 and a current ratio of 1.76. The company has a market capitalization of $15.72 billion, a price-to-earnings ratio of 10.67 and a beta of 2.04. The company’s 50 day simple moving average is $124.30 and its 200 day simple moving average is $127.89. Builders FirstSource has a 1 year low of $56.61 and a 1 year high of $156.85.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.19. The business had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.88 billion. Builders FirstSource had a net margin of 9.10% and a return on equity of 41.27%. The company’s quarterly revenue was down 21.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.20 earnings per share. On average, sell-side analysts predict that Builders FirstSource will post 13.69 EPS for the current year.

Insider Activity at Builders FirstSource

In related news, insider Michael Hiller sold 5,965 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $147.91, for a total transaction of $882,283.15. Following the completion of the sale, the insider now directly owns 32,892 shares of the company’s stock, valued at approximately $4,865,055.72. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Builders FirstSource

A number of large investors have recently added to or reduced their stakes in BLDR. Tower Research Capital LLC TRC increased its position in shares of Builders FirstSource by 11.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 4,138 shares of the company’s stock worth $367,000 after purchasing an additional 423 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Builders FirstSource in the 2nd quarter worth about $1,387,000. Advisor Resource Council bought a new stake in shares of Builders FirstSource in the 1st quarter worth about $656,000. Leo Brokerage LLC bought a new stake in shares of Builders FirstSource in the 1st quarter worth about $548,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of Builders FirstSource in the 1st quarter worth about $579,000. 94.73% of the stock is owned by institutional investors and hedge funds.

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, steel roof 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.