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

Builders FirstSource (NYSE:BLDR - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Monday.

BLDR has been the topic of several other reports. The Goldman Sachs Group started coverage on shares of Builders FirstSource in a research note on Thursday, October 10th. They set a "buy" rating and a $225.00 target price on the stock. Loop Capital boosted their target price on shares of Builders FirstSource from $190.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, September 20th. Royal Bank of Canada raised their price target on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Stephens lifted their target price on Builders FirstSource from $178.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $225.00 price objective on shares of Builders FirstSource in a research report on Tuesday, October 29th. Four research 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 data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $210.00.

Builders FirstSource Stock Down 3.5 %

NYSE:BLDR traded down $5.89 during mid-day trading on Monday, reaching $160.54. The stock had a trading volume of 1,948,848 shares, compared to its average volume of 1,532,036. The company has a market capitalization of $18.48 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 0.96 and a beta of 2.06. The stock's 50 day simple moving average is $181.69 and its two-hundred day simple moving average is $169.13. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource has a 1-year low of $130.75 and a 1-year high of $214.70.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.09 by ($0.02). The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The firm's revenue was down 6.7% on a year-over-year basis. During the same period in the previous year, the firm earned $4.24 EPS. Equities analysts anticipate that Builders FirstSource will post 11.55 EPS for the current year.

Insiders Place Their Bets

In other news, Director Cleveland A. Christophe sold 10,000 shares of the 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 transaction, the director now owns 33,083 shares of the company's stock, valued at $5,902,338.03. This represents a 23.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Builders FirstSource

Several large investors have recently modified their holdings of BLDR. Mountaineer Partners Management LLC bought a new stake in shares of Builders FirstSource during the third quarter valued at approximately $2,099,877,000. FMR LLC boosted its position in shares of Builders FirstSource by 45.7% during the third 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 during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Builders FirstSource by 23.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company's stock worth $282,697,000 after buying an additional 277,897 shares in the last quarter. Baillie Gifford & Co. purchased a new position in Builders FirstSource in the 3rd quarter worth about $267,132,000. Finally, Diamond Hill Capital Management Inc. purchased a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $255,867,000. 95.53% of the stock is 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.