Builders FirstSource (NYSE:BLDR) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Builders FirstSource (NYSE:BLDR - Free Report) from a buy rating to a hold rating in a research note issued to investors on Monday.

Other equities analysts have also recently issued research reports about the company. Barclays lifted their price target on Builders FirstSource from $182.00 to $211.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Wedbush reissued an "outperform" rating and set a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, December 18th. Stifel Nicolaus reaffirmed a "buy" rating and set a $175.00 price target on shares of Builders FirstSource in a report on Wednesday, January 8th. Stephens upped their price objective on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada increased their price objective on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Builders FirstSource presently has an average rating of "Moderate Buy" and an average target price of $208.75.

Builders FirstSource Stock Down 2.3 %

BLDR stock opened at $140.14 on Monday. The company has a market cap of $16.13 billion, a price-to-earnings ratio of 13.69, a P/E/G ratio of 0.96 and a beta of 2.11. Builders FirstSource has a twelve month low of $130.75 and a twelve month high of $214.70. The business has a 50 day moving average price of $166.00 and a two-hundred day moving average price of $168.80. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its 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). The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. Builders FirstSource's quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.24 earnings per share. Analysts anticipate 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 the firm's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the sale, the director now directly owns 33,083 shares of the company's stock, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BLDR. Choreo LLC bought a new position in Builders FirstSource in the 2nd quarter valued at approximately $224,000. Oppenheimer & Co. Inc. lifted its stake in shares of Builders FirstSource by 22.2% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 26,482 shares of the company's stock valued at $3,665,000 after acquiring an additional 4,814 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Builders FirstSource by 21.2% during the 2nd quarter. Federated Hermes Inc. now owns 79,894 shares of the company's stock valued at $11,058,000 after acquiring an additional 14,001 shares in the last quarter. Wealthspire Advisors LLC grew its position in Builders FirstSource by 4.6% during the 2nd quarter. Wealthspire Advisors LLC now owns 2,031 shares of the company's stock worth $281,000 after acquiring an additional 90 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Builders FirstSource by 9.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 146,248 shares of the company's stock worth $20,242,000 after purchasing an additional 12,693 shares in the last quarter. 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.