Builders FirstSource (NYSE:BLDR) Downgraded by StockNews.com 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.

Several other equities analysts have also issued reports on BLDR. Barclays upped their price target on Builders FirstSource from $182.00 to $211.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Robert W. Baird raised 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. Wedbush reiterated an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a research report on Wednesday, December 18th. Bank of America increased their price objective 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. Finally, Royal Bank of Canada lifted their target price on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $208.75.

Builders FirstSource Trading Up 4.8 %

BLDR opened at $146.61 on Monday. Builders FirstSource has a 1-year low of $130.75 and a 1-year high of $214.70. The stock has a market capitalization of $16.87 billion, a PE ratio of 14.32, a PEG ratio of 0.96 and a beta of 2.11. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The firm has a 50-day moving average price of $166.00 and a two-hundred day moving average price of $169.03.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The company 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 business earned $4.24 EPS. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. As a group, equities analysts anticipate that Builders FirstSource will post 11.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Builders FirstSource

A number of institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in Builders FirstSource by 8.0% during the third quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company’s stock worth $153,766,000 after purchasing an additional 58,436 shares during the last quarter. Forsta AP Fonden grew its holdings in shares of Builders FirstSource by 12.1% in the 3rd quarter. Forsta AP Fonden now owns 26,800 shares of the company’s stock valued at $5,195,000 after acquiring an additional 2,900 shares in the last quarter. Principal Financial Group Inc. increased its position 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 acquiring an additional 56,009 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Builders FirstSource by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 785,842 shares of the company’s stock valued at $152,343,000 after acquiring an additional 16,000 shares during the last quarter. Finally, AMF Tjanstepension AB bought a new stake in Builders FirstSource during the third quarter worth about $1,471,000. 95.53% of the stock is currently owned by 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.