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

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

Several other research analysts have also recently weighed in on BLDR. DA Davidson restated a “neutral” rating and issued a $185.00 price objective on shares of Builders FirstSource in a research report on Thursday, March 28th. Wedbush dropped their price objective on shares of Builders FirstSource from $215.00 to $175.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Jefferies Financial Group boosted their price objective on shares of Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Barclays dropped their price objective on shares of Builders FirstSource from $200.00 to $188.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Finally, Zelman & Associates restated a “hold” rating on shares of Builders FirstSource in a research report on Monday, June 17th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $191.67.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $163.88 on Monday. Builders FirstSource has a 1 year low of $105.24 and a 1 year high of $214.70. The firm has a 50 day moving average of $151.23 and a 200-day moving average of $173.97. The company has a current ratio of 2.21, a quick ratio of 1.45 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $20.00 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 2.54 and a beta of 2.04.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.23. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the previous year, the company posted $2.96 earnings per share. Builders FirstSource’s quarterly revenue was up .2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Builders FirstSource will post 12.93 EPS for the current fiscal year.

Insider Activity

In other news, insider Paul M. Mccrobie sold 9,118 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $170.11, for a total value of $1,551,062.98. Following the completion of the transaction, the insider now owns 22,667 shares of the company’s stock, valued at approximately $3,855,883.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Michael Hiller sold 4,875 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $159.25, for a total value of $776,343.75. Following the completion of the transaction, the insider now owns 30,106 shares of the company’s stock, valued at approximately $4,794,380.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Paul M. Mccrobie sold 9,118 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the completion of the transaction, the insider now directly owns 22,667 shares of the company’s stock, valued at $3,855,883.37. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Builders FirstSource

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Builders FirstSource by 15.7% in the 4th quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock worth $2,448,684,000 after purchasing an additional 1,985,297 shares during the period. Westfield Capital Management Co. LP lifted its position in Builders FirstSource by 11.2% during the 4th quarter. Westfield Capital Management Co. LP now owns 1,416,611 shares of the company’s stock worth $236,489,000 after buying an additional 143,041 shares in the last quarter. Boston Partners lifted its position in Builders FirstSource by 0.8% during the 1st quarter. Boston Partners now owns 1,377,335 shares of the company’s stock worth $285,794,000 after buying an additional 10,551 shares in the last quarter. Norges Bank bought a new stake in Builders FirstSource during the 4th quarter worth about $212,209,000. Finally, Frontier Capital Management Co. LLC lifted its position in Builders FirstSource by 34.8% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,133,751 shares of the company’s stock worth $189,268,000 after buying an additional 292,966 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

About Builders FirstSource

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.