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

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

Other equities research analysts have also recently issued reports about the company. Loop Capital started coverage on Builders FirstSource in a research report on Thursday, August 31st. They set a “buy” rating and a $180.00 target price on the stock. Wedbush reaffirmed an “outperform” rating and set a $175.00 target price on shares of Builders FirstSource in a research note on Thursday, August 3rd. Royal Bank of Canada dropped their price target on shares of Builders FirstSource from $188.00 to $152.00 and set an “outperform” rating on the stock in a research note on Thursday, November 2nd. BMO Capital Markets upped their price objective on shares of Builders FirstSource from $125.00 to $135.00 and gave the stock a “market perform” rating in a research report on Friday, August 4th. Finally, Stephens dropped their target price on shares of Builders FirstSource from $175.00 to $150.00 and set an “overweight” rating on the stock in a research report on Thursday, November 2nd. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $140.77.

Builders FirstSource Stock Up 2.5 %

Shares of BLDR opened at $133.59 on Monday. The stock’s 50-day moving average price is $121.66 and its 200-day moving average price is $128.59. The company has a quick ratio of 1.11, a current ratio of 1.76 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $16.48 billion, a price-to-earnings ratio of 11.34 and a beta of 2.04. Builders FirstSource has a 52 week low of $59.39 and a 52 week high of $156.85.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $4.24 EPS for the quarter, topping analysts’ consensus estimates of $4.05 by $0.19. Builders FirstSource had a net margin of 9.10% and a return on equity of 41.27%. The business had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.88 billion. During the same quarter last year, the company earned $5.20 EPS. The business’s revenue was down 21.3% on a year-over-year basis. On average, sell-side analysts predict that Builders FirstSource will post 13.72 EPS for the current year.

Institutional Trading of Builders FirstSource

Several hedge funds have recently made changes to their positions in the business. BOKF NA acquired a new position in Builders FirstSource during the 1st quarter worth $27,000. Rock Creek Group LP acquired a new position in shares of Builders FirstSource during the third quarter worth about $30,000. BluePath Capital Management LLC purchased a new stake in shares of Builders FirstSource during the third quarter worth approximately $31,000. Bessemer Group Inc. raised its holdings in Builders FirstSource by 93.6% in the second quarter. Bessemer Group Inc. now owns 242 shares of the company’s stock valued at $33,000 after acquiring an additional 117 shares in the last quarter. Finally, PSI Advisors LLC lifted its stake in Builders FirstSource by 57.1% in the third quarter. PSI Advisors LLC now owns 275 shares of the company’s stock worth $34,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 94.73% 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, 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.